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    Pinellas Park Medical/Office Suites Title is generated by Realmo AI

    7800 66th St N, Pinellas Park, FL 33781

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    Renovated medical/office suites in mid-Pinellas County location.

    Type:Office
    Property size:
    3,342 SF
    Added:
    Dec 27, 2019
    Days on Market:
    2351
    Last Refresh:
    May 12 at 8:15 pm

    Property Features for 7800 66th St N

    General Information

    Standard status
    Active
    Size
    3,342 SF
    Property subtype
    Office

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 7800 66th St N Contact us

    Suite 101 $22/Mo

    Size
    3,342 SF
    Type
    Office
    Contact us

    Suite 305 $22/Mo

    Size
    1,139 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Elliott Ross

    Listing agent Elliott Ross License #BK416734

    Listing office The Ross Realty Group Inc

    Listing date Dec 27, 2019

    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 The Ross Realty Group Inc

    HighLights

    • Top‑class medical office building in mid‑Pinellas County due to recent renovations.
    • Excellent location in mid‑Pinellas County, just north of Park Blvd.
    • Ample parking with a ratio of 4.3/1,000.
    • Renovated common areas including new elevator, ADA restrooms, and LED lighting.
    • Current tenants include Tampa Bay Imaging, DaVita Medical, Interventional Pain Specialists, and AARP.
    • Responsive and attentive landlord.

    Overview

    Office and medical suites are available in a mid-Pinellas County location, just north of Park Boulevard. The building owner has recently renovated all common areas, including a new updated elevator, ADA restrooms, and LED lighting in all hallways. Current tenants include Tampa Bay Imaging, DaVita Medical, Interventional Pain Specialists, and AARP. The property provides a parking ratio of 4.3 per 1,000 square feet. Available suites include 1,139 RSF and 3,342 RSF. Lease rate is $22 per square foot on a modified gross basis.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ez Slider Repair ... Hardware & Home Improvement AARP Senior Employment ... Employment Agency Loria Medical Physician Dr. Renato Vesga Physician Gwendolyn Casanova Felix Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Bayou Veterinary Hospital P.A. — 8214 Belcher Rd, Pinellas Park, FL 33781
    • Park Animal Hospital Inc — 8065 66th St N, Pinellas Park, FL 33781
    • VIP Petcare Wellness Center — 7331 Park Blvd, Pinellas Park, FL 33781
    • Serenity Veterinary Hospital — 6075 Park Blvd, Pinellas Park, FL 33781

    Location Insight

    • Map
    • Local Demand
    City
    Pinellas Park
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7292429
    Latitude
    27.8433107

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    FAQs

    What type of property is this?
    Medical Office Space - Renovated medical/office suites in mid-Pinellas County location.
    Where is this medical office space located?
    The property is located at 7800 66th St N Pinellas Park, FL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Top‑class medical office building in mid‑Pinellas County due to recent renovations.; Excellent location in mid‑Pinellas County, just north of Park Blvd.; Ample parking with a ratio of 4.3/1,000.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Elliott Ross
    Real Estate License ID: BK416734
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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