Leased Office Space
801 2ND St N C Safety Harbor, FL 34695
For Sale
$430,000
Commercially zoned property leased to medical tenant until 2029.
Property Size1,202 SF
Price / SF$357.74
Days on Market95
Property Features for 801 2ND St N C
General Information
Standard status
Active
Size
1,202 SF
Property subtype
Commercial
Building Details
Year Built
2007
Listing Agency:
(727) 647-2339
Listed By:
Tonya Vogt · License #662692
(727) 647-2339
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 11:53AM
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 Tonya Vogt
Investment Insights
Based on property information with market context.
This commercially zoned property, located in the Harbor Oaks Office Park, is currently available for purchase. The one-story building, constructed in 2007, is situated in a park-like setting in the heart of downtown Safety Harbor, one block from Main Street. The 1,202 square foot remodeled office unit features a private entrance, reception area, break room/kitchen area, five offices, a spacious private handicap restroom, a separate workroom, ample closets and storage, and high ceilings. All offices have windows with plantation shutters, providing natural light. The unit includes 24-hour access, a security alarm system, and a new AC unit with private temperature control. A private parking lot is located at the front door, with additional free city parking one block away, as well as street parking. The Harbor Oaks Office Park building has a newer roof, was recently painted, and is located in Flood Zone X. The property is leased to a medical tenant until 2029, with yearly lease rental escalations and a potential renewal. The location is surrounded by shops, restaurants, Tampa Bay, and the Safety Harbor Resort & Spa. It is easily accessible to Pinellas and Hillsborough counties, minutes from Gulf To Bay Blvd., Courtney Campbell Causeway bridge, Clearwater/St Pete areas, and approximately 15 minutes from Tampa & Pinellas County airports.
Key Highlights
- Leased to a high‑quality medical tenant until 2029 with yearly rental escalations and potential renewal, providing immediate and increasing rental income.
- Prime downtown location in Safety Harbor, one block from Main Street, surrounded by shops, restaurants, Tampa Bay, and the Safety Harbor Resort & Spa.
- Remodeled 1,202 sq ft office unit with private entrance, reception area, break room/kitchen, 5 offices, handicap restroom, workroom, ample storage, and high ceilings.
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 | $31.3k | $26.04 |
| − Vacancy | −$6.4k | −$5.34 |
| EGI | $24.9k | $20.70 |
| − OpEx | −$6.2k | −$5.18 |
| NOI | $18.7k | $15.53 |
1,202 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$266.6K
$233.3K – $311.1K
NOI $18,663 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.6K
$273.6K – $364.8K
NOI $21,885 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Commercially zoned property leased to medical tenant until 2029.
Where is this office units located?
The property is located at 801 2ND St N C Safety Harbor, FL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Leased to a high‑quality medical tenant until 2029 with yearly rental escalations and potential renewal, providing immediate and increasing rental income.; Prime downtown location in Safety Harbor, one block from Main Street, surrounded by shops, restaurants, Tampa Bay, and the Safety Harbor Resort & Spa.; Remodeled 1,202 sq ft office unit with private entrance, reception area, break room/kitchen, 5 offices, handicap restroom, workroom, ample storage, and high ceilings.
