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    10616 Main St Thonotosassa, FL 33592

    For Sale
    $560,000

    Profitable single-tenant medical office in prime location.

    Property size:
    2,455 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 2,455 square foot medical office building, located at 10616 Main Street in Thonotosassa, Florida, presents a compelling investment opportunity. Built in 1994, this single-story, single-tenant property boasts 100% occupancy and a strong net operating income (NOI) of $35,098, yielding a 6.10% cap rate. The asking price is $560,000, translating to $228.11 per square foot. The property is situated on a 0.463-acre lot and is zoned CN. The lease is a triple net (NNN) lease, meaning the tenant, Wellmed Medical Management, is responsible for most operating expenses. Ample parking is available. This stabilized investment is ideally located near major residential developments and only four miles from the University of South Florida, ensuring a strong and growing patient base. The property offers a secure investment with a high occupancy rate and a proven track record of consistent income generation. This is a rare opportunity to acquire a well-maintained, single-tenant medical office building in a thriving Florida community.

    Property Features for 10616 Main St

    General Information

    Property type
    Medical offices
    Square Feet
    2,455 SF
    Lot Size
    20,168 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    HighLights

    • Single‑tenant medical office building.
    • Ample parking.
    • Triple‑net (NNN) lease.
    • $35,098 NOI.
    • 6.1% cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WellMed at Stonerock Lake Medical Clinic Katie Rose Griggs, ... Physician Assistant Rajnikant C Patel, ... Internist Gedia Lakhabhai MD Internist Dr. Ashokkumar G. ... Internist

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Auto Parts Store Kitchen & Bath Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thonotosassa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.2966302
    Latitude
    28.0584269

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    FAQs

    What type of property is this?
    Medical office - Profitable single-tenant medical office in prime location.
    Where is this medical office located?
    The property is located at 10616 Main St Thonotosassa, FL.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: Single-tenant medical office building.; Ample parking.; Triple-net (NNN) lease.
    Request Owner's contact information
    10616 Main St Thonotosassa, FL 33592
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10616 Main St Thonotosassa, FL 33592
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