This exceptional medical office building, situated on a 2.26-acre lot (98,668 sq ft) in Largo, Florida, offers three available suites ranging from 1,650 to 4,000 square feet. The 25,902 square foot building, constructed in 1984 and located at the intersection of Belcher Rd S & Ulmerton Rd (APN: 06-30-16-70938-300-0801), boasts a desirable location in a densely populated area of Pinellas County. The property features ample parking with 136 spaces (5.6 per 1,000 sq ft), exceeding the parking ratio of most comparable medical facilities. Recent significant improvements include the majority of HVAC systems replaced in 2022 and placed on roof stands to meet current code, and plumbing upgrades completed in 2019, including the installation of high-efficiency toilets and water heaters. The building enjoys high visibility due to pylon signage and benefits from a strong tenant mix, including internal medicine, family practice, an imaging center, and other medical professionals. The estimated CAM is $6.00 per square foot. Convenient access to US-19 and I-275 ensures easy commutes for patients and staff. This property presents a unique opportunity for medical professionals seeking a well-maintained, highly visible, and conveniently located office space.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,562,508
6.5%
$1,442,315
7%
$1,339,292
Comparable approach
Method
Valuation
Relative Method
$883,894
Geo Method
$883,894
Alternative Use
Use
Valuation
Residential
$1,788,471
Hospitality
$1,638,230
Educational
$1,362,988
Medical
$1,409,863
Retail
$2,120,203
Location Insight
City
Largo
County
Pinellas
State
Florida
Latitude
27.8977
Longitude
-82.7446
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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