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Property profile & analytics
FOR LEASE
Medical Office Space

608 S Tampania Ave Tampa, FL 33609

2,352 SF 0.38 ac lot Built 2003
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US18-1328272
Property summary
AI-generated overview

This exceptional 2,192 square foot medical office building, located at 608 S Tampania Ave in Tampa, Florida's desirable South Tampa submarket, presents a unique investment opportunity. Built in 2003, this Class B property boasts a single-tenant occupancy and a charming art deco design. The building's layout is specifically designed to optimize workflow for medical practices, featuring a circular check-in/check-out system for efficient patient flow. The flexible floor plan currently includes four exam rooms, a testing room, an executive office, an administrative office, three bathrooms, ample storage closets, a waiting room, and a nurse's station. Ample parking is available for patients and staff. The property sits within Hillsborough County and is zoned Commercial General, allowing for a variety of medical uses. This well-maintained building offers a comfortable and functional space for medical professionals. The property will be available for occupancy on March 1, 2025. Its strategic location in South Tampa ensures high visibility and accessibility for patients. This is an excellent opportunity to acquire a turnkey medical office building in a thriving market. The property's design and functionality make it ideal for a variety of medical practices seeking a well-established and efficient space.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2003
Construction WOOD
Total area 2,352 SF
Lot 0.38 ac (16,384 SF)
Zoning code CG
APN A2229183O9000002000031
UPID US18-1328272
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Heim Regenerative Medicine Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
$525k
Comparable Approach Comparable
$437k
Blend (final) Blend
$540k
Owner & transaction history
Michael Daniels Properties LLC · 19 yrs held
Michael Daniels Properties LLC
since 2007
7 recorded transactions
2007
Price N/A
2007
$575,000
2001
$145,000
2001
$100,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CG · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI, CG, CN • Industrial - IH, IG • M-AP - M-AP 1 through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Se…

Zone name Commercial General
General category COMMERCIAL
Zone area 2,185.22 ac
Source Zoning Training | City of Tampa
Top alternative use upside
Office building $805,000 +26.9%
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