Freestanding Office Building with
For Sale
$1,375,000
1201 S MYRTLE Avenue, Clearwater, FL 33756
SINGLE_FAMILY - CLEARWATER, FL
Property Size3,561 SF
Lot Size0.34 Acres
Price / SF$386.13
Days on Market235
Property Features for 1201 S MYRTLE Avenue
General Information
Property type
Residential
Property subtype
Office
Accessibility
Accessible Approach with Ramp
Subdivision
MILTON PARK
Lot features
Central Business District, Corner Lot
Directions
From US-19: West on Gulf to Bay Blvd (SR 60). South on S Myrtle Ave to property at 1201 S Myrtle Ave.
Standard status
Active
APN
21-29-15-58068-003-0090
Size
3,561 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
MILTON PARK BLK 3, LOTS 8 & 9 LESS RD R/W IN NW COR OF LOT 9 PER O.R. 837/117 TOGETHER WITH N 1/2 OF VAC ALLEY ADJ ON S PER O.R. 1687/279 (MAP N-22-29-15)
Tax Annual Amount
20180
Legal Description
MILTON PARK BLK 3, LOTS 8 & 9 LESS RD R/W IN NW COR OF LOT 9 PER O.R. 837/117 TOGETHER WITH N 1/2 OF VAC ALLEY ADJ ON S PER O.R. 1687/279 (MAP N-22-29-15)
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Floors in Building
1
Flooring type
Tile, Carpet, Vinyl
Building materials
Stone, Stucco
Roof type
Shingle
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(813) 253-2444
Listed By:
Bernard Marshall · License #3402788
(317) 418-2276
Added: Dec 10, 2025
Changed: Aug 1
Last Checked: Aug 2 at 4:06AM
MLS# TB8453358
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding office building at 1201 S Myrtle Avenue in Clearwater, FL. The property sits on a 0.34-acre lot and offers 3,561 square feet of interior space. Constructed in 1963 with stone and stucco, the building features tile, carpet, and vinyl flooring. Heating is central, with central air cooling. Accessibility is supported by an accessible approach with a ramp.
The building is served by public water and public sewer, with phone available. Parking is available on site, and the property provides easy ingress and egress from S Myrtle Avenue.
The flexible layout is described as suitable for office, medical, professional services, or retail use, making it a practical fit for an owner-user or investor seeking a centrally located Clearwater property.
The building is served by public water and public sewer, with phone available. Parking is available on site, and the property provides easy ingress and egress from S Myrtle Avenue.
The flexible layout is described as suitable for office, medical, professional services, or retail use, making it a practical fit for an owner-user or investor seeking a centrally located Clearwater property.
Key Highlights
- 0.34‑acre lot at 1201 S Myrtle Avenue, Clearwater, FL 33756
- 3,561 SF freestanding office building
- Built in 1963 with stone and stucco construction
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.7k | $26.04 |
| − Vacancy | −$7.1k | −$2.01 |
| EGI | $85.6k | $24.03 |
| − OpEx | −$21.4k | −$6.01 |
| NOI | $64.2k | $18.03 |
3,561 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$917.0K
$802.4K – $1.07M
NOI $64,191 @ 7.0% cap · market cap 4.67%
Second Best
Healthcare Medical
$670.3K
$586.5K – $782.0K
NOI $46,920 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$999.1K
$874.2K – $1.17M
NOI $69,935 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,620
Businesses Nearby
Explore this area
Business Placement
Demographics for 33756, FL
31,807
Population
15,474
Households
2.1
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
7.2 sq mi
ZIP Area
4,418
Density / Sq Mi
$63,990
Median Household Income
$38,563
Median Earnings
$1,382
Median Rent
$335,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building with central air and accessible ramp, served by public water and public sewer, with ample parking.
Where is this office building located?
The property is located at 1201 S MYRTLE Avenue Clearwater, FL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 0.34‑acre lot at 1201 S Myrtle Avenue, Clearwater, FL 33756; 3,561 SF freestanding office building; Built in 1963 with stone and stucco construction
