8588 Starkey RdSeminole, FL 33777

Property Details for 8588 Starkey Rd

Year built

1987

Construction

CONCRETE BLOCKS

Lot size

0.73 AC

Property size (Sq ft)

7,664 SF

Property type

Office properties

Property subtype

Office buildings

APN

26-30-15-70740-100-0101

APU

263015707401000101

Description

This exceptional 7,664 square foot medical office building, situated on a 0.73-acre lot at 8588 Starkey Road in Seminole, Florida, presents a compelling investment opportunity. Currently fully leased to a diverse mix of established tenants including LabCorp, an orthodontist specialist, a counseling practice, and a real estate investment firm, this property offers a stable and predictable income stream. The strong tenant roster ensures a comfortable return on investment, making this an attractive option for both seasoned investors and those seeking a secure, passive income source. Located in the heart of South Pinellas County, this prime location benefits from excellent visibility and accessibility, just blocks from Park Boulevard and conveniently positioned between US Highway 19 and the area's beautiful beaches. Its central location ensures easy access for patients and employees from throughout South Pinellas. The building's current lease structure provides an immediate return, while the potential for future occupancy by a practitioner, as leases expire, offers additional long-term value. This represents a unique chance to acquire a well-established medical office building below replacement cost, providing both immediate income and significant future potential. The property's strong tenant base, prime location, and below-market price point combine to create a truly exceptional investment opportunity. Don't miss this chance to secure a foothold in the thriving South Pinellas medical market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,494,081

  6.5%

  $1,379,152

  7%

  $1,280,641

• Comparable approach

  Method

  Valuation

  Relative Method

  $845,186

  Geo Method

  $845,186

• Alternative Use

  Use

  Valuation

  Residential

  $1,710,148

  Hospitality

  $1,566,487

  Educational

  $1,303,298

  Medical

  $1,348,121

  Retail

  $2,027,353

Location Insight

City

Seminole

County

Pinellas

State

Florida

Latitude

27.8501

Longitude

-82.7628

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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