12206 Bruce B Downs Blvd, Tampa, FL 33612
- Medical Office Space
- 17,295 SF
- 3.22 lot acres
Current Use by Public Records
- Dr. John M. Koval, MD / Physician
- Tampa Bay Radiation Oncology / Medical Clinic / Hospital
Property Details for 12206 Bruce B Downs Blvd
- Year built
- 1994
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.22 lot acres
- Zone code
- SPI-UC-1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- U082819ZZZ000001300600
- APU
- U082819ZZZ000001300600
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 18, 2020 | — | Bruce B Downs Prof Ctr LLC | — | Deed · related | $4.6M · Centerstate Bk NA |
| May 13, 2008 | $3,400,000 | Bruce E Downs Professionals Center | Kadima Medical Properties LLC | Special Warranty Deed | $3.4M · Branch Banking And Trust Co |
| May 12, 1998 | $2,088,000 | Health Care Property Investors | Prudential Health Care Plan | Grant Deed · related | — |
| — | — | Bruce B Downs Prof Ctr LLC | — | Deed Of Trust · related | $4.6M · Centerstate Bk NA |
| — | — | Kadima Medical Properties LLC | — | Deed Of Trust · related | $860k · Wachovia Bank NA |
Description
This Class A, 33,406 square foot medical office building, constructed in 2009, offers a unique opportunity in the heart of the USF Medical Market. Located at the corner of Bruce B Downs Boulevard and Campus Hill Drive, this highly visible property boasts frontage and signage along Bruce B Downs Boulevard, offering excellent visibility and branding potential. The building sits on a 3.22-acre lot and provides stunning views of Campus Lake. Currently, 2,000 to 8,200 contiguous square feet of space is available on the second floor, divisible to accommodate various needs. The space is ideal for medical practices or coworking spaces, offering the flexibility to design and build a customized professional office. The building features 176 parking spaces, providing a generous 5.72 per 1,000 square foot parking ratio. Estimated monthly rent, inclusive of base rate and CAM charges (estimated at $8.14), ranges from $3,357 for 2,000 square feet to $13,763 for 8,200 square feet, plus applicable sales tax. The property's strategic location offers unparalleled access to major medical facilities, including the VA Medical Center, Moffitt Cancer Center, Florida Hospital, Shriners Hospital, and All Children's Hospital. It's conveniently situated less than half a mile north of E. Fowler Avenue, on the west side of Bruce B Downs Boulevard. The zoning is SPI-UC-1, and the APN is U-08-28-19-ZZZ-000001-30060.0.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,820,000
- 6.5%
- $3,525,000
- 7%
- $3,275,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,724,000
Market price range: $561k - $2.72M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $4,675,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $4,500,000 Change: -4% Conversion: Difficult
- RETAIL STORES
- $3,840,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4267
- Latitude
- 28.0593
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
