10616 Main StThonotosassa, FL 33592

Property Details for 10616 Main St

Year built

1994

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.46 AC

Property size (Sq ft)

2,480 SF

Zone code

CN

Property type

Healthcare properties

Property subtype

Medical offices

APN

U102820ZZZ000002015200

APU

U102820ZZZ000002015200

Description

This exceptional 2,455 square foot medical office building, located at 10616 Main Street in Thonotosassa, Florida, presents a compelling investment opportunity. Built in 1994, this single-story, single-tenant property boasts 100% occupancy and a strong net operating income (NOI) of $35,098, yielding a 6.10% cap rate. The asking price is $560,000, translating to $228.11 per square foot. The property is situated on a 0.463-acre lot and is zoned CN. The lease is a triple net (NNN) lease, meaning the tenant, Wellmed Medical Management, is responsible for most operating expenses. Ample parking is available. This stabilized investment is ideally located near major residential developments and only four miles from the University of South Florida, ensuring a strong and growing patient base. The property offers a secure investment with a high occupancy rate and a proven track record of consistent income generation. This is a rare opportunity to acquire a well-maintained, single-tenant medical office building in a thriving Florida community.

• CAP approach

  CAP return

  Valuation

  6%

  $500,677

  6.5%

  $462,163

  7%

  $429,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $452,922

  Geo Method

  $452,922

• Alternative Use

  Use

  Valuation

  Residential

  $573,082

  Hospitality

  $524,940

  Educational

  $436,744

  Medical

  $451,765

  Retail

  $679,380

Location Insight

City

Thonotosassa

County

Hillsborough

State

Florida

Latitude

28.0584

Longitude

-82.2968

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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