Property profile

924 Cypress Vlg Blvd Ruskin, FL 33573

OFF-MARKET
Medical Office Space
Property ID
US18-3665853
5,321 SF 0.19 ac lot Built 2009
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 11,000-square-foot, single-story medical office building in Sun City Center, Florida. The property features a stabilized, NNN lease structure with two high-quality corporate-guaranteed tenants: Watson Clinic and Elite DNA Behavioral Health. Watson Clinic, a long-term tenant since 2008, occupies 8,000 square feet and recently extended their lease, ensuring a remaining term of over 10 years. Elite DNA Behavioral Health occupies 3,000 square feet, having completed their build-out in late 2023. The building boasts a 5.95% cap rate and a strong NOI of $463,332. Situated on a 16,945-square-foot lot, the property provides ample parking (4.9 spaces per 1,000 sq ft). Built in phases (2009, 2020, and 2023), the property is zoned for Planned Development and benefits from the significant population growth in the Sun City Center area. The lease terms include two 5-year options. This presents a low-risk, passive income investment with significant long-term potential in a rapidly growing market. The property sustained no structural damage from recent hurricanes. Financial details, including rent roll and lease specifics, are available in the Offering Memorandum. The asking price is $7,790,000, translating to $708.18 per square foot.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2009
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,321 SF
Lot 0.19 ac (8,475 SF)
Zoning code PD
APN U0232199GO000000000040
UPID US18-3665853

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician Medical Clinic
  • Medical Clinic

Location

924 Cypress Vlg Blvd Ruskin, FL 33573-6829
Ruskin metro Census 14009 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2009
Last sale
$219,900
6 recorded transactions
2018
Price N/A
2010
Price N/A
2009
$1.1M
2007
$1.1M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PD · Ruskin, FL

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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