Starkey Health Clinic Medical
8588 Starkey Rd, Seminole, FL 33777
Medical office building in Seminole, surrounded by healthcare facilities.
Type:Office
Property size:
7,760 SFPrice / SF:
$283/SF- Added:
- Apr 10, 2024
- Days on Market:
- 774
- Last Refresh:
- May 12 at 9:47 pm
Property Features for 8588 Starkey Rd
General Information
- Standard status
- Active
- Size
- 7,760 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing agent Michelle Bible License #SL3162316
Listing office VIP Executive Realty, LLC
Listing date Apr 10, 2024
Source Crexi
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 VIP Executive Realty, LLC
HighLights
- Strategically located in a healthcare hub surrounded by six major medical centers.
- Stable tenants like LabCorp and Orthodontist Specialist of Florida provide a comfortable return on investment.
- One 1,000sf space currently available for lease.
- Desirable location near schools, assisted living facility, churches, and dining options.
- Located in the vibrant city of Seminole.
- Built in 1987.
Overview
The Starkey Health Clinic Medical Office Building is located at 8588 Starkey Road in Seminole. The property is situated in a healthcare hub, near Northside Hospital, St. Pete General, The VA Center, Largo Medical Center, The Heart & Vascular Institute, and HealthSouth Rehab Hosp. The building is surrounded by two elementary schools, a middle school, a high school, an assisted living facility, three churches, and a variety of dining options. LabCorp, Orthodontist Specialist of Florida and Life Adventures Counseling are tenants. One small 1,000sf space is currently available for lease. The property is suitable for any medical practice or healthcare-related business. The property size is 7760 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.34M
NOI $120,484 @ 9.00% cap · cautious / downside scenario
Moderate
$1.72M
NOI $120,484 @ 7.00% cap · market / base-case scenario
Aggressive
$2.41M
NOI $120,484 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.1k | $26.04 |
| − Vacancy | −$41.4k | −$5.34 |
| EGI | $160.6k | $20.70 |
| − OpEx | −$40.2k | −$5.18 |
| NOI | $120.5k | $15.53 |
7,760 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,484 @ 7.0% cap · market cap 5.48%
Second Best
Healthcare Medical
$1.02M
$894.7K – $1.19M
NOI $71,572 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$2.02M
$1.77M – $2.35M
NOI $141,291 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Seminole
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7628605
- Latitude
- 27.8500012
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Medical office building in Seminole, surrounded by healthcare facilities.
Where is this medical office space located?
The property is located at 8588 Starkey Rd Seminole, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Strategically located in a healthcare hub surrounded by six major medical centers.; Stable tenants like LabCorp and Orthodontist Specialist of Florida provide a comfortable return on investment.; One 1,000sf space currently available for lease.
