12206 Bruce B DownsTampa, FL 33612

Property Details for 12206 Bruce B Downs

Year built

1994

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.22 AC

Property size (Sq ft)

17,295 SF

Zone code

SPI-UC-1

Property type

Medical offices

Property subtype

Medical centers

APN

U082819ZZZ000001300600

APU

U082819ZZZ000001300600

Description

This Class A, 33,406 square foot medical office building, constructed in 2009, offers a unique opportunity in the heart of the USF Medical Market. Located at the corner of Bruce B Downs Boulevard and Campus Hill Drive, this highly visible property boasts frontage and signage along Bruce B Downs Boulevard, offering excellent visibility and branding potential. The building sits on a 3.22-acre lot and provides stunning views of Campus Lake. Currently, 2,000 to 8,200 contiguous square feet of space is available on the second floor, divisible to accommodate various needs. The space is ideal for medical practices or coworking spaces, offering the flexibility to design and build a customized professional office. The building features 176 parking spaces, providing a generous 5.72 per 1,000 square foot parking ratio. Estimated monthly rent, inclusive of base rate and CAM charges (estimated at $8.14), ranges from $3,357 for 2,000 square feet to $13,763 for 8,200 square feet, plus applicable sales tax. The property's strategic location offers unparalleled access to major medical facilities, including the VA Medical Center, Moffitt Cancer Center, Florida Hospital, Shriners Hospital, and All Children's Hospital. It's conveniently situated less than half a mile north of E. Fowler Avenue, on the west side of Bruce B Downs Boulevard. The zoning is SPI-UC-1, and the APN is U-08-28-19-ZZZ-000001-30060.0.

• CAP approach

  CAP return

  Valuation

  6%

  $3,491,616

  6.5%

  $3,223,030

  7%

  $2,992,814

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,158,586

  Geo Method

  $3,158,586

• Alternative Use

  Use

  Valuation

  Residential

  $3,996,557

  Hospitality

  $3,660,825

  Educational

  $3,045,763

  Medical

  $3,150,512

  Retail

  $4,737,854

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0593

Longitude

-82.4267

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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