8200 Seminole BlvdSeminole, FL 33772

Property Details for 8200 Seminole Blvd

Year built

1985

Construction

WOOD FRAME

Lot size

0.66 AC

Property size (Sq ft)

6,754 SF

Property type

Office properties

Property subtype

Office buildings

APN

27-30-15-62370-000-0010

APU

273015623700000010

Description

This exceptional 6,850-square-foot executive office building, located at 8200 Seminole Boulevard in Seminole, Florida (33772), presents a compelling owner-user or investment opportunity. The single-story, Class B building sits on a 0.662-acre lot and boasts a prominent location with high visibility, experiencing 40,000 daily car pass-bys. Currently operating at 80% occupancy with six tenants, the property offers flexibility for an owner-occupant seeking to expand or consolidate their operations, or for an investor seeking a strong return. The building features six bathrooms, several larger suites with private baths, ample front and covered rear parking, and an electronic reader board sign for effective advertising. The property's low maintenance design, including a newer shingle roof (2020), minimizes operational costs. Common areas include several conference rooms, a kitchen, lobby, and reception area, creating an executive center atmosphere. The building is zoned for general office use within the City of Seminole, permitting a wide range of professional services, including medical, legal, and accounting practices. The asking price is $1,500,000, with a current NOI of $120,000 and an 8.00% cap rate. The property's dimensions are approximately 138 feet of frontage by 210 feet deep. This well-maintained building offers a rare opportunity to acquire a high-profile commercial property in a thriving Seminole location. The existing tenants are long-term and reliable, contributing to the property's consistent cash flow. The building is easily adaptable to various office configurations.

• CAP approach

  CAP return

  Valuation

  6%

  $1,316,679

  6.5%

  $1,215,396

  7%

  $1,128,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $744,831

  Geo Method

  $744,831

• Alternative Use

  Use

  Valuation

  Residential

  $1,507,091

  Hospitality

  $1,380,487

  Educational

  $1,148,549

  Medical

  $1,188,049

  Retail

  $1,786,632

Location Insight

City

Seminole

County

Pinellas

State

Florida

Latitude

27.8467

Longitude

-82.7876

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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