772 CORTARO, Sun City Center, FL 33573

Building Details

Building Size 10,584 SF More

Year Built 2003 More

Stories 2 More

Listing Agency: RE/MAX CHAMPIONS

Listed By: Frederick Alonzo · License FL #3302896 Show Phone

Source: Elliman

Added: Jul 24 Changed: Nov 13 Last Checked: Nov 12 at 9:30AM

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Investment Insights

Based on property information with market context.

This 10,584± SF medical and multi-use building offers a flexible two-story layout designed for different professional needs. The first floor is fully plumbed for medical or healthcare use, while the second floor is configured for professional office space.

The property sits on 2 acres and provides over 40 parking spaces for staff and clients. With a flexible layout suitable for multiple business types, it can work for an owner-user or as an investment opportunity.

The building’s configuration supports a practical day-to-day operating split between healthcare-ready space on the first floor and office use on the second floor, supported by on-site parking capacity.

Key Highlights

• 10,584 ± SF two‑story commercial medical/multi‑use building on 2 acres
• First floor is fully plumbed for medical or healthcare use
• Second floor configured for professional office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$153,457

Cap Rate

4.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,069,140 $3.1M

Cap Rate 7%

$2,192,243 $2.2M

Cap Rate 9%

$1,705,078 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,584 SF

Gross rent

$285.8K $27.00/SF

− Vacancy

−$30.0K −$2.84/SF

EGI

$255.8K $24.17/SF

− OpEx

−$102.3K −$9.67/SF

NOI

$153.5K $14.50/SF

Area

Hillsborough County, FL

Vacancy

10.50%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,069,140

Cap Rate 7%

$2,192,243

Cap Rate 9%

$1,705,078

Alternative Uses

Best Use

Healthcare Medical

$2.19M

$1.92M – $2.56M (±1% cap)

NOI $153,457 @ 7.0% cap · market cap 4.15%

Second Best

Office B

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $128,872 @ 7.0% cap · market cap 3.49%

Theoretical Best

Office A

$3.07M

$2.68M – $3.58M (±1% cap)

NOI $214,564 @ 7.0% cap · market cap 5.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Spa & Massage Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

901

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 33573, FL

30,913

Population

17,168

Households

1.8

Avg Household Size

68

Median Age

34%

College-Educated

94%

High-School Grad

16.8 sq mi

ZIP Area

1,840

Density / Sq Mi

$68,431

Median Household Income

$46,435

Median Earnings

$1,951

Median Rent

$270,600

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Hillsborough County, FL

$396 Jul

$489 Aug

$431 Sep

$404 Oct

Properties on Market for Medical Office Space in Hillsborough County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Medical Office Space - Two-story medical and multi-use building with first-floor plumbing for healthcare and second-floor professional office space.

Where is this medical office space located?

The property is located at 772 CORTARO Sun City Center, FL.

What is the asking price?

The asking price for this property is $3,695,000.

What are key features of this property?

This property features: 10,584 ± SF two‑story commercial medical/multi‑use building on 2 acres; First floor is fully plumbed for medical or healthcare use; Second floor configured for professional office space