Multi-Tenant Medical Office
For Sale
Contact for pricing
9375 US Highway 19 North, Pinellas Park, FL 33782
Fully occupied office property with garden-style access and suites serving medical and professional users.
Property Size18,588 SF
Price / SF$158.17
Days on Market56
Property Features for 9375 US Highway 19 North
General Information
Standard status
Active
Size
18,588 SF
Property subtype
Retail, Office
Occupancy
100%
Financials
Asking Price
$3,150,002
Cap Rate
7%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
Jacob Allen · License #FL3558421
Source:
Crexi
Added: Sep 10
Changed: Nov 1
Last Checked: Nov 4 at 10:36AM
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 Matthews
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Investment Insights
Based on property information with market context.
The property is an 18,588 SF office complex configured for multiple medical and professional tenants. Its garden-style layout provides first-floor suite entrances from the parking areas, with functional floor plans suitable for a range of office users. Occupancy is reported at 100%, and average tenant tenure exceeds five years. Several leases have been renewed recently, while contractual rent increases apply across most of the rent roll. The property also includes modified gross leases that offer expense-recovery features.
Positioned at 9375 US Highway 19 North in Pinellas Park, the complex fronts US Highway 19 and is exposed to approximately 70,000 vehicles per day. Access to Gandy Boulevard and the Gateway Expressway connects the property with St. Petersburg and the broader Tampa Bay market.
Positioned at 9375 US Highway 19 North in Pinellas Park, the complex fronts US Highway 19 and is exposed to approximately 70,000 vehicles per day. Access to Gandy Boulevard and the Gateway Expressway connects the property with St. Petersburg and the broader Tampa Bay market.
Key Highlights
- 18,588 SF multi‑tenant office complex
- 100% occupied with average tenant tenure exceeding five years
- Garden‑style design with first‑floor suite access from parking areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,441
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,428,820
$3.4M
Cap Rate 7%
$2,449,157
$2.4M
Cap Rate 9%
$1,904,900
$1.9M
Market Conditions
NOI Build-Up for 18,588 SF
Gross rent
$312.3K $16.80/SF
− Vacancy
−$26.5K −$1.43/SF
EGI
$285.7K $15.37/SF
− OpEx
−$114.3K −$6.15/SF
NOI
$171.4K $9.22/SF
Area
Pinellas County, FL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,428,820
Cap Rate 7%
$2,449,157
Cap Rate 9%
$1,904,900
Alternative Uses
Best Use
Office B
$4.12M
$3.61M – $4.81M
NOI $288,604 @ 7.0% cap · market cap 9.82%
Second Best
Healthcare Medical
$2.45M
$2.14M – $2.86M
NOI $171,441 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$4.83M
$4.23M – $5.64M
NOI $338,442 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 33782, FL
22,198
Population
10,581
Households
2.1
Avg Household Size
50
Median Age
29%
College-Educated
88%
High-School Grad
5.4 sq mi
ZIP Area
4,111
Density / Sq Mi
$65,487
Median Household Income
$41,676
Median Earnings
$1,767
Median Rent
$253,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Fully occupied office property with garden-style access and suites serving medical and professional users.
Where is this office building located?
The property is located at 9375 US Highway 19 North Pinellas Park, FL.
What is the asking price?
The asking price for this property is $2,940,000.
What are key features of this property?
This property features: 18,588 SF multi‑tenant office complex; 100% occupied with average tenant tenure exceeding five years; Garden‑style design with first‑floor suite access from parking areas
