Medical Office and Expansion
7047 66TH STREET N Pinellas Park, FL 33781
7047 66TH STREET N, Pinellas Park, FL, 33781
$1,600,000
For Sale
$1,600,000
Single-story medical office with laid-out access and site work supporting an additional 2,250-square-foot phase.
Property Size3,306 SF
Price / SF$483.97
Days on Market40
Property Features for 7047 66TH STREET N
General Information
- Standard status
- Active
- Size
- 3,306 SF
Building Details
- Year Built
- 1997
Listing agency
PREMIER SOTHEBY'S INTL REALTY
(727) 458-3945
Listed by
Michael Lynch · License #347415
(727) 458-3945
Source
Search.showcaseidx
Added: Jun 13 Updated: Jul 22 at 3:12AM Checked: Jul 22 at 3:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PREMIER SOTHEBY'S INTL REALTY
Investment Insights
Based on property information with market context.
This existing single-story medical office building is configured as Phase I of a previously designed two-phase medical office development. Phase I includes 3,306 square feet and is supported by associated parking and drive access. The approved site plan also depicts a Phase II buildout of 2,250 square feet for a one-story office/medical or office building located to the east of the existing structure, using the open lawn portion of the site.
Site improvements include an asphalt-paved parking lot with drive aisles around the front and north side of the building, concrete sidewalks at building entrances, and perimeter curb and gutter. Parking is striped with spaces immediately in front of the building. The remainder of the parcel includes open, grassed area and chain-link fencing along portions of the boundary, along with on-site stormwater retention and drainage improvements.
The drive aisles and parking circulation shown on the approved plan are already laid out to serve the Phase II pad area, and the retention system appears designed for both phases.
Site improvements include an asphalt-paved parking lot with drive aisles around the front and north side of the building, concrete sidewalks at building entrances, and perimeter curb and gutter. Parking is striped with spaces immediately in front of the building. The remainder of the parcel includes open, grassed area and chain-link fencing along portions of the boundary, along with on-site stormwater retention and drainage improvements.
The drive aisles and parking circulation shown on the approved plan are already laid out to serve the Phase II pad area, and the retention system appears designed for both phases.
Key Highlights
- 1997‑built single‑story medical office building approved as Phase I with 3,306 SF
- Approved plan allows adding a future one‑story medical/office building as Phase II with 2,250 SF for a total of 5,556 SF
- Asphalt‑paved parking lot and drive aisles with striped parking spaces immediately in front of the building
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.1k | $26.04 |
| − Vacancy | −$17.6k | −$5.34 |
| EGI | $68.4k | $20.70 |
| − OpEx | −$17.1k | −$5.18 |
| NOI | $51.3k | $15.53 |
3,306 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$733.3K
$641.6K – $855.5K
NOI $51,330 @ 7.0% cap · market cap 3.21%
Second Best
Healthcare Medical
$435.6K
$381.2K – $508.2K
NOI $30,492 @ 7.0% cap · market cap 1.91%
Theoretical Best
Office A
$859.9K
$752.4K – $1.00M
NOI $60,194 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Piyush Dalal
Physician
Patel Kiritkumar MD
Physician
Hemant Retilal Navadia ...
Physician
Dr. Samir C. ...
Physician
Pinellas Medical Clinic
Medical Clinic
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FAQs
What type of property is this?
Medical Office Space - Single-story medical office with laid-out access and site work supporting an additional 2,250-square-foot phase.
Where is this medical office space located?
The property is located at 7047 66TH STREET N Pinellas Park, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 1997‑built single‑story medical office building approved as Phase I with 3,306 SF; Approved plan allows adding a future one‑story medical/office building as Phase II with 2,250 SF for a total of 5,556 SF; Asphalt‑paved parking lot and drive aisles with striped parking spaces immediately in front of the building
