This 4,910 square foot office building in Seminole, Florida, presents a compelling investment opportunity. Situated on a 0.31-acre lot directly on Seminole Boulevard, this high-traffic location boasts over 30,000 vehicles passing daily. The block construction building offers excellent visibility, enhanced by existing pylon and building signage. The interior features three reception areas, over a dozen individual offices, and multiple entry points for tenant convenience. Ample parking is provided with 15 spaces. The property's versatility allows for various uses, including a multi-tenant office, medical facility, retail space, or other professional services. Recent upgrades include a new roof (2019), a new central air conditioning unit in the lobby (2019), five upgraded electrical panels (2021), and three breakrooms. Hurricane protection features are in place, including solar screens and panels on ground-level windows. An ADA-accessible bathroom is conveniently located in the lobby. Its central location offers easy access to beaches, Seminole City Center, and other commercial establishments. This property is adjacent to a Winn Dixie plaza, ensuring high foot traffic and visibility. Priced at $899,999.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$957,195
6.5%
$883,564
7%
$820,452
Comparable approach
Method
Valuation
Relative Method
$541,475
Geo Method
$541,475
Alternative Use
Use
Valuation
Residential
$1,095,620
Hospitality
$1,003,582
Educational
$834,968
Medical
$863,684
Retail
$1,298,839
Location Insight
City
Seminole
County
Pinellas
State
Florida
Latitude
27.8673
Longitude
-82.7875
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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