Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Dunedin Commercial Space For Lease Title is generated by Realmo AI

    220 SCOTLAND STREET, Dunedin, FL 34698

    View on Map
    Claim this Listing
    For Lease
    $120,000 SF/Yr $46,800,000/Mo (calc)

    Commercial Lease, Other - DUNEDIN, FL

    Type:Business
    Property size:
    4,680 SF
    Lot size:
    0.31 Acres
    Added:
    Jan 13, 2026
    Days on Market:
    126
    Last Refresh:
    May 19 at 7:06 pm

    Property Features for 220 SCOTLAND STREET

    General Information

    Property type
    Commercial Lease
    Property subtype
    Business
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    34-28-15-97452-000-0020
    Size
    4,680 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1966
    Floors in Building
    2
    Flooring type
    Carpet, Wood
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Montgomery-Kepler

    Listing agent Kelly Montgomery-Kepler

    Listing office Engel & Völkers Belleair 2510 West Bay Drive, Belleair Bluffs, FL

    Listing date Jan 13, 2026

    MLS# TB8464121 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime "Downtown Core" location in Dunedin, near Edgewater Drive and Main Street.
    • Versatile property suitable for short‑term rental, professional office, or retail store.
    • Free‑standing, two‑story building with multiple offices/rooms, many with private bathrooms.
    • Equipped with essential systems: generator, gas stove, fire suppression, security and fire alarm.
    • Climate control: 3 central heat/air units and 2 mini‑splits.
    • Charming front porch and rear upper back deck with new stairwell.

    Overview

    Located in the "Downtown Core" of Dunedin, Florida, this two-story, free-standing building presents an opportunity for commercial lease. The property, previously used as an assisted living facility, is suitable for a short-term rental, professional office, or retail store. The building is situated near Edgewater Drive and Main Street, offering access to downtown Dunedin's shops and restaurants. The property features a gas fireplace, multiple offices and rooms, many with their own bathroom, three central heat/air units, and two mini-splits. Additional features include a generator, gas stove, fire suppression system, security and fire alarm. The building also has a charming front porch and a rear upper back deck with a new stairwell. The property has a total size of 4680 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Heather Haven II Retirement Community Stirling House II Nursing Home Praline Perch Bakery Bakery

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Heather Haven II — 220 Scotland St, Dunedin, FL 34698
    • Stirling House II — 220 Scotland St, Dunedin, FL 34698
    • Edgewater House Assisted Living — 307 edgewater dr, dunedin, fl 34698
    • Mease Life Memory Care — 603 Virginia St, Dunedin, FL 34698
    • Heather Haven — 725 Edgewater Dr, Dunedin, FL 34698

    Location Insight

    • Map
    • Local Demand
    City
    Dunedin
    County
    Pinellas
    State
    Florida
    Longitude
    -82.790829
    Latitude
    28.01127

    Nearby Similar for Lease

    • $180,000 SF/Yr

      Dunedin Vintage Carriage House

      Unique carriage house in the heart of Dunedin.
      1040 BROADWAY, DUNEDIN, FL 34698
      View Details
    • $180,000 SF/Yr
      2,200 SF

      Vintage Carriage House in Dunedin

      Unique property near downtown Dunedin with endless possibilities.
      1040 BROADWAY, Dunedin, FL 34698
      View Details
    • $64,740 SF/Yr
      6,152 SF

      Dunedin Standalone Building For Lease

      6,152 sqft standalone building on busy Bayshore Blvd in Dunedin.
      2046 Bayshore Blvd, DUNEDIN, FL, 34698-2503
      View Details
    • Contact for pricing
      4,200 SF

      Dunedin Retail/Medical Office Space

      Prime location with high visibility and strong co-tenancy.
      1681 Main Street, Dunedin, FL 34698
      View Details
    • $20 SF/Yr
      9,760 SF

      Dunedin Office Space For Rent

      9760 SF office space available in thriving Dunedin community.
      1550 MAIN STREET, DUNEDIN, FL 34698
      View Details
    • Contact for pricing

      Office Spaces in High-Volume Center

      Office spaces available in a high-traffic, Publix-anchored shopping center.
      1523 Main Street, Dunedin, FL 34698
      View Details
    • $120,000 SF/Yr

      Downtown Dunedin Multi-Use Building

      Two-story building in downtown Dunedin, suitable for various uses.
      220 SCOTLAND St, Dunedin, FL 34698
      View Details
    • Contact for pricing
      4,200 SF

      Dunedin Retail/Medical Space Available

      Retail and medical spaces for lease in Dunedin, Florida.
      1721-1757 Main St, Dunedin, FL
      View Details
    • $26 SF/Yr
      1,926 SF

      Class A Office Space

      Premier office building in Clearwater's Countryside area.
      28100 N US Hwy 19, Dunedin, FL
      View Details
    • $35 SF/Yr
      2,300 SF

      Downtown Dunedin Office/Retail Space

      Highly visible office/retail unit in downtown Dunedin for rent.
      811 Douglas Ave, Dunedin, FL
      View Details
    • Contact for pricing
      1,656 SF

      Retail Space in Dunedin Plaza

      Retail space available in high-traffic Dunedin shopping center.
      1491-1547 Main St, Dunedin, FL
      View Details
    • Contact for pricing

      Dunedin Retail Investment Opportunity

      Prime downtown Dunedin property with redevelopment potential and existing store.
      840 UnKnown, Dunedin, FL
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - Two-story commercial building in downtown Dunedin, suitable for various uses.
    Where is this assisted living facility located?
    The property is located at 220 SCOTLAND STREET Dunedin, FL.
    What is the lease rate?
    The lease rate is $120,000.
    What are key features of this property?
    This property features: Prime "Downtown Core" location in Dunedin, near Edgewater Drive and Main Street.; Versatile property suitable for short‑term rental, professional office, or retail store.; Free‑standing, two‑story building with multiple offices/rooms, many with private bathrooms.
    (727) 515-6887
    We can help!
    Listing Contact
    Kelly Montgomery-Kepler
    Real Estate License ID: 647245
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    220 SCOTLAND STREET, DUNEDIN, FL 34698
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!