Freestanding Medical Office on
For Sale
Contact for pricing
9387 Seminole Blvd, Seminole, FL
2,100 SF medical office building with direct frontage.
Property Size2,100 SF
Lot Size0.42 Acres
Price / SF$285.24
Days on Market504
Property Features for 9387 Seminole Blvd
General Information
Standard status
Active
Size
2,100 SF
Lot size
0.42 Acres
Property subtype
OFFICE
Lease Type
Modified Gross
Properties For Sale
at 9387 Seminole Blvd Contact us- Floor
- Bldg
- Size
- 2,100 SF
- Type
- OFFICE
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
9387 Seminole Blvd
-2,100 sq ft free standing office building for lease
-Excellent parking
-Former Physical...
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Listing Agency:
A.R.K. Property Solutions, Inc.
(727) 796-2684
Listed By:
Benjamin Kreloff
(727) 643-2314
Source:
Moodyscre
Added: Apr 23, 2025
Changed: Aug 8
Last Checked: Sep 7 at 11:25AM
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 A.R.K. Property Solutions, Inc.
Investment Insights
Based on property information with market context.
This is a 2,100 square foot freestanding medical office building with direct frontage on Seminole Boulevard. The office is currently used for physical therapy, but the existing tenant has outgrown the space, making it available for immediate occupancy. The property is strategically located in the heart of Pinellas County, offering accessibility, visibility, and convenience. The layout includes a waiting area, check-in/check-out area, a large open space currently used as a gym for the physical therapy office, four private exam rooms, a kitchen, a laundry room, and three bathrooms. It also features a fire alarm panel, a new metal roof, and an abundance of parking.
Key Highlights
- Free‑standing 2,100 sq ft medical office building with direct frontage on Seminole Blvd.
- Strategically located in the heart of Pinellas County, offering accessibility, visibility, and convenience.
- Immediate occupancy available.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,605
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$652,100
$652.1K
Cap Rate 7%
$465,786
$465.8K
Cap Rate 9%
$362,278
$362.3K
Market Conditions
NOI Build-Up for 2,100 SF
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.
Gross rent
$54.7K $26.04/SF
− Vacancy
−$11.2K −$5.34/SF
EGI
$43.5K $20.70/SF
− OpEx
−$10.9K −$5.18/SF
NOI
$32.6K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$652,100
Cap Rate 7%
$465,786
Cap Rate 9%
$362,278
Alternative Uses
Best Use
Office B
$465.8K
$407.6K – $543.4K
NOI $32,605 @ 7.0% cap · market cap 5.44%
Second Best
Healthcare Medical
$276.7K
$242.1K – $322.8K
NOI $19,369 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$546.2K
$478.0K – $637.3K
NOI $38,236 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 2,100 SF medical office building with direct frontage.
Where is this medical office space located?
The property is located at 9387 Seminole Blvd Seminole, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Free‑standing 2,100 sq ft medical office building with direct frontage on Seminole Blvd.; Strategically located in the heart of Pinellas County, offering accessibility, visibility, and convenience.; Immediate occupancy available.
