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1615 Pasadena S Ave South Pasadena, FL 33707-4516

OFF-MARKET Office buildings Google Maps
46,000 SF 0.5 ac lot Built 1994
Entity Owned 12-yr Hold Free & Clear
Estimated value (blended)
$7.62M
Range $6.86M – $8.38M (±10%)
Property ID US18-4668773

Property summary

AI-generated overview

This exceptional 1,211 square foot medical office suite presents a turnkey opportunity for a small practice seeking a well-appointed space. Located in a Class B, four-story building constructed in 1994, this corner unit offers convenient access to the building's 200-space parking garage. The suite boasts a highly functional layout, including four exam rooms, each equipped with sinks, a private restroom, a comfortable waiting area, and a dedicated practitioner's office. The office-intensive design maximizes efficiency and workflow. Situated in Pinellas County, this property is part of a larger 45,548 square foot building on a half-acre lot, featuring elevators for easy access. This is a single-tenant space, currently available as a sublease expiring September 30, 2026, presenting a below-market opportunity for the right tenant. The building's convenient location and ample parking make it an attractive option for both patients and staff. Don't miss this chance to establish or expand your medical practice in a prime location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1994
Construction CONCRETE
Total area 46,000 SF
Lot 0.5 ac (21,797 SF)
APN 30-31-16-00000-320-0210
UPID US18-4668773

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.62M
Blend (final) Blend
$7.62M

Owner & transaction history

since 2013
1 recorded transaction
2013
$14.8M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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