Medical Office Campus with
7655 38th Ave N St Petersburg, FL 33710
7655 38th Ave N, St Petersburg, FL, 33710
Contact for pricing
For Sale
Contact for pricing
St. Petersburg medical campus with a central atrium, large auditorium, flexible upstairs suites, and about 200 parking spaces.
Property Size20,270 SF
Lot Size3.27 Acres
Price / SF$257.03
Days on Market120
Property Features for 7655 38th Ave N
General Information
- Standard status
- Active
- Size
- 20,270 SF
- Lot size
- 3.27 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1988
Listing agency
Wisdom Capital Group
Listed by
Brady Wisdom · License #SL3588056
Source
Crexi
Added: Mar 26 Updated: Jul 22 at 8:47PM Checked: Jul 22 at 8:47PM
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 Wisdom Capital Group
Investment Insights
Based on property information with market context.
St. Pete Medical Campus is a 20,270 SF medical office property on 3.27 acres in St. Petersburg, Florida. The building is arranged around a central atrium and offers multiple access points, along with a large auditorium. Upstairs, the space includes flexible suites with office, conference, and kitchen areas designed to support a range of medical and professional uses.
The site includes approximately 200 parking spaces. The property also features in-place income from an existing tenant on a NNN lease, with the remaining vacancy providing flexibility for lease-up, repositioning, or redevelopment considerations.
This asset is positioned for tenants or owners seeking a functional, healthcare-oriented layout with both common building components and suite-level space, supported by substantial on-site parking.
The site includes approximately 200 parking spaces. The property also features in-place income from an existing tenant on a NNN lease, with the remaining vacancy providing flexibility for lease-up, repositioning, or redevelopment considerations.
This asset is positioned for tenants or owners seeking a functional, healthcare-oriented layout with both common building components and suite-level space, supported by substantial on-site parking.
Key Highlights
- 20,270 SF St. Petersburg medical office asset built in 1988 on 3.27 acres
- Central atrium design with multiple access points and flexible upstairs suites
- Large auditorium plus upstairs office, conference, and kitchen areas
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 | $527.8k | $26.04 |
| − Vacancy | −$108.2k | −$5.34 |
| EGI | $419.6k | $20.70 |
| − OpEx | −$104.9k | −$5.18 |
| NOI | $314.7k | $15.53 |
20,270 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.50M
$3.93M – $5.25M
NOI $314,719 @ 7.0% cap · market cap 6.04%
Second Best
Healthcare Medical
$2.67M
$2.34M – $3.12M
NOI $186,954 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$5.27M
$4.61M – $6.15M
NOI $369,067 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Debra Figueroa
Pediatrician
Linda Nguyen Hayslett, ...
Physician
Amy Bond-Rozelle, MS, ...
Physician
Optum - Tyrone
Medical Clinic
Bonnie Lloyd, DO
Pediatrician
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FAQs
What type of property is this?
Medical Office Space - St. Petersburg medical campus with a central atrium, large auditorium, flexible upstairs suites, and about 200 parking spaces.
Where is this medical office space located?
The property is located at 7655 38th Ave N St Petersburg, FL.
What is the asking price?
The asking price for this property is $5,210,000.
What are key features of this property?
This property features: 20,270 SF St. Petersburg medical office asset built in 1988 on 3.27 acres; Central atrium design with multiple access points and flexible upstairs suites; Large auditorium plus upstairs office, conference, and kitchen areas
