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    Property profile & analytics

    8588 Starkey Rd Seminole, FL 33777

    • Office buildings
    • 7,664 SF
    • 0.73 lot acres
    For Sale
    View listing
    $2,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5167194
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 8588 Starkey Rd

    Year built
    1987
    Construction
    CONCRETE BLOCKS
    Lot size
    0.73 lot acres
    Property size
    7,664 SF
    Property type
    Office buildings
    APN
    26-30-15-70740-100-0101
    APU
    263015707401000101

    Description

    This exceptional 7,664 square foot medical office building, situated on a 0.73-acre lot at 8588 Starkey Road in Seminole, Florida, presents a compelling investment opportunity. Currently fully leased to a diverse mix of established tenants including LabCorp, an orthodontist specialist, a counseling practice, and a real estate investment firm, this property offers a stable and predictable income stream. The strong tenant roster ensures a comfortable return on investment, making this an attractive option for both seasoned investors and those seeking a secure, passive income source. Located in the heart of South Pinellas County, this prime location benefits from excellent visibility and accessibility, just blocks from Park Boulevard and conveniently positioned between US Highway 19 and the area's beautiful beaches. Its central location ensures easy access for patients and employees from throughout South Pinellas. The building's current lease structure provides an immediate return, while the potential for future occupancy by a practitioner, as leases expire, offers additional long-term value. This represents a unique chance to acquire a well-established medical office building below replacement cost, providing both immediate income and significant future potential. The property's strong tenant base, prime location, and below-market price point combine to create a truly exceptional investment opportunity. Don't miss this chance to secure a foothold in the thriving South Pinellas medical market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,110,000
      Market price range: $979k - $2.04M
      AI Estimate
      $1,110,000
      Market price range: $979k - $2.04M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,485,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,435,000
      Change: -3% Conversion: Difficult
      RETAIL STORES
      $1,425,000
      Change: -4% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,385,000
      Change: -7% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,330,000
      Change: -10% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seminole
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7628
    Latitude
    27.8501
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,855
    $0.00
    $0.00
    $810,000
    -
    $175,896
    $634,104
    $810,000

    Comparable in this City

    • Value Estimation
      $780,000
      4,266 SF

      7101 Park St

      PROFESSIONAL BUILDING • 4,266 SF
      7101 Park St, Seminole, FL 33777-4632
      View Details
    • Value Estimation by Request
      2,808 SF

      8578 Park Blvd

      PROFESSIONAL BUILDING • 2,808 SF
      8578 Park Blvd, Seminole, FL 33777-4443
      View Details
    • Value Estimation
      $520,000
      2,650 SF

      7730 Starkey Rd

      PROFESSIONAL BUILDING • 2,650 SF
      7730 Starkey Rd, Seminole, FL 33777-4307
      View Details
    • Value Estimation by Request
      1,443 SF

      7801 Starkey Rd

      OFFICE BUILDING • 1,443 SF
      7801 Starkey Rd, Seminole, FL 33777-4043
      View Details
    • Value Estimation
      $25,365,000
      123,151 SF

      8787 Bryan Dairy Rd

      OFFICE BUILDING (MULTI-STORY) • 123,151 SF
      8787 Bryan Dairy Rd, Largo, FL 33777-1251
      View Details
    • Value Estimation
      $995,000
      7,000 SF

      10600 Endeavour Way

      OFFICE BUILDING • 7,000 SF
      10600 Endeavour Way, Seminole, FL 33777-1621
      View Details

    Similar Nearby for Sale

    • $2,200,000
      7,760 SF

      Fully Leased Medical Office Investment

      Medical office investment property in central South Pinellas.
      8588 Starkey Rd, Seminole, FL 33777
      View Details
    • $2,200,000
      7,664 SF

      Seminole Medical Office Investment

      Fully Leased, High-Return Medical Building
      8588 Starkey Rd, Seminole, FL 33777
      View Details
    • $2,200,000
      7,760 SF

      Starkey Health Clinic Plaza

      Fully Leased Medical Office Building
      8588 Starkey Rd, Seminole, FL 33777
      View Details
    • New
      $249,999
      0.17 Acres

      Vacant Lot in Desirable Neighborhood

      0.17 acre lot in Seminole, Florida, for residential development.
      10486 Myrtle Oak Ln, Seminole, FL 33777
      View Details
    • $1,395,000
      1.82 Acres

      Lush Land in Seminole, FL

      Lush, private 1.82-acre land parcel in Seminole, Florida.
      8181 98Th St, Seminole, FL 33777
      View Details
    • $1,395,000
      1.82 Acres

      Lush Land in Seminole, FL

      Lush, private 1.82-acre land parcel in Pinellas County.
      8181 98Th St, Seminole, FL 33777
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      3,294 SF

      Class A Office Building

      Medical and professional office space available for rent.
      7500 Bryan Dairy Rd, Seminole, FL 33777
      View Details
    • Contact for pricing
      6,085 SF

      Climate Controlled Warehouse Space

      Warehouse space with climate control, dock wells, and roll-up doors.
      7201-7243 Bryan Dairy Rd, Largo, FL 33777
      View Details
    • Contact for pricing
      3,240 SF

      Retail Space Available For Lease

      Retail space available for lease in Seminole, Florida.
      9139 Park Blvd, Seminole, FL 33777
      View Details
    • $24 SF/Yr
      1,800 SF

      Retail Space in Publix-Anchored Center

      Retail space available in high-traffic, densely populated area.
      10801 Starkey Rd, Seminole, FL 33777
      View Details
    • Contact for pricing
      52,243 SF

      Seminole Retail Center - Prime Location

      High-traffic retail space, redevelopment underway.
      7562 Starkey Rd, Seminole, FL 33777
      View Details
    • Contact for pricing
      2,188 SF

      Retail Space on Busy Corner

      Retail space available on a busy, signalized corner.
      7600 Starkey Rd, Seminole, FL 33777
      View Details
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    8588 Starkey Rd
    Seminole, FL 33777
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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.

    More about this property
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