Medical Office Building For
10616 Main St Thonotosassa, FL 33592
10616 Main St, Thonotosassa, FL, 33592
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For Sale
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2,455 SF single-tenant medical office building in Thonotosassa, FL.
Property Size2,455 SF
Price / SF$228.11
Days on Market1707
Property Features for 10616 Main St
General Information
- Standard status
- Active
- Size
- 2,455 SF
- Property subtype
- Office
Building Details
- Year Built
- 1994
Listing Agency
SVN | Commercial Advisory Group-TAMPA
Listed by
John Milsaps · License #FL SL3180964
Source
Crexi
Added: Nov 17, 2021 Updated: Jul 6 at 8:17 am Checked: Jul 19 at 8:30 am
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 SVN | Commercial Advisory Group-TAMPA
Investment Insights
Based on property information with market context.
This 2,455 square foot single-tenant medical office building is available for sale. The property is currently leased to Wellmed Medical Management, which directly covers most expenses. Situated in Thonotosassa, Florida, the location benefits from ongoing development in major residential neighborhoods. The property is also located approximately 4 miles from the University of South Florida.
Key Highlights
- Leased to Wellmed Medical Management
- Single‑tenant Medical Office Building
- Tenant Pays Most Expenses Directly
Local Financial Insights For Healthcare Medical
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 | $41.2k | $16.80 |
| − Vacancy | −$3.5k | −$1.43 |
| EGI | $37.7k | $15.37 |
| − OpEx | −$15.1k | −$6.15 |
| NOI | $22.6k | $9.22 |
2,455 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$323.5K
$283.0K – $377.4K
NOI $22,643 @ 7.0% cap · market cap 4.04%
Second Best
Office B
$236.7K
$207.1K – $276.1K
NOI $16,567 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$711.0K
$622.1K – $829.5K
NOI $49,769 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
WellMed at Stonerock Lake
Medical Clinic
Katie Rose Griggs, ...
Physician
Rajnikant C Patel, ...
Physician
Gedia Lakhabhai MD
Physician
Dr. Ashokkumar G. ...
Physician
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FAQs
What type of property is this?
Medical Office Space - 2,455 SF single-tenant medical office building in Thonotosassa, FL.
Where is this medical office space 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: Leased to Wellmed Medical Management; Single‑tenant Medical Office Building; Tenant Pays Most Expenses Directly
