Professional Office
For Sale
Contact for pricing
971 Virginia Ave, Palm Harbor, FL 34683
Renovated interior offers private offices, flexible workspace, and an area available for immediate occupancy.
Property Size5,490 SF
Price / SF$217.67
Days on Market186
Property Features for 971 Virginia Ave
General Information
Standard status
Active
Size
5,490 SF
Property subtype
OFFICE
Building Details
Buildings
1
Building Size
5,490 SF
Listing Agency:
Klein & Heuchan, Inc.
(727) 441-1951
Listed By:
Monique Petronje · License #3320654
(813) 743-5056
Source:
Moodyscre
Added: Apr 13
Changed: Oct 7
Last Checked: Oct 15 at 1:43AM
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 Klein & Heuchan, Inc.
Investment Insights
Based on property information with market context.
This 5,490-square-foot professional office building includes a reception area, four offices, open workspace, a breakroom, and a restroom. The interior has been renovated with vinyl plank flooring, abundant lighting, and windows in nearly every office, providing substantial natural light. A 1,880-square-foot portion is available for immediate occupancy, while approximately 3,400 square feet on the first floor may be available for future owner use.
The property is positioned just off Alt. 19 and across from the post office, providing a recognizable commercial setting in Palm Harbor. Its combination of occupied space and available area supports an owner-user configuration with room to expand within the building.
The property is positioned just off Alt. 19 and across from the post office, providing a recognizable commercial setting in Palm Harbor. Its combination of occupied space and available area supports an owner-user configuration with room to expand within the building.
Key Highlights
- 5,490 SF professional office building
- 1,880 SF available for immediate occupancy
- Reception area, 4 offices, open area, breakroom, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,240
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,704,800
$1.7M
Cap Rate 7%
$1,217,714
$1.2M
Cap Rate 9%
$947,111
$947.1K
Market Conditions
NOI Build-Up for 5,490 SF
Gross rent
$143.0K $26.04/SF
− Vacancy
−$29.3K −$5.34/SF
EGI
$113.7K $20.70/SF
− OpEx
−$28.4K −$5.18/SF
NOI
$85.2K $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 Rate 5%
$1,704,800
Cap Rate 7%
$1,217,714
Cap Rate 9%
$947,111
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,240 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,959 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
Explore this area
Business Placement
Demographics for 34683, FL
33,453
Population
15,686
Households
2.1
Avg Household Size
49
Median Age
43%
College-Educated
95%
High-School Grad
10.3 sq mi
ZIP Area
3,248
Density / Sq Mi
$90,037
Median Household Income
$53,330
Median Earnings
$1,655
Median Rent
$424,200
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
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Frequently Asked Questions
What type of property is this?
Office building - Renovated interior offers private offices, flexible workspace, and an area available for immediate occupancy.
Where is this office building located?
The property is located at 971 Virginia Ave Palm Harbor, FL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 5,490 SF professional office building; 1,880 SF available for immediate occupancy; Reception area, 4 offices, open area, breakroom, and restroom
