Medical Office Suite with Exam
For Sale
$559,900
28960 US HIGHWAY 19 N, Clearwater, FL 33761
Commercial Sale, CLEARWATER, FL
Property Size2,665 SF
Lot Size1.87 Acres
Price / SF$210.09
Days on Market141
Property Features for 28960 US HIGHWAY 19 N
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
COUNTRYSIDE PROFESSIONAL CENTER CONDO
Directions
From South, take US HWY 19 N Northbound. Property is located on the left side of US HWY 19N.
Standard status
Active
APN
19-28-16-18668-000-1100
Size
2,665 SF
Lot size
1.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COUNTRYSIDE PROFESSIONAL CENTER CONDO SUITE 110
Tax Annual Amount
8009
Legal Description
COUNTRYSIDE PROFESSIONAL CENTER CONDO SUITE 110
Utilities
Cooling system
Central Air
Building Details
Year built
1980
Floors in Building
1
Building materials
Block
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(813) 253-2444
Listed By:
Erin Cordero · License #3503889
(702) 528-8071
Added: May 14
Changed: Aug 24
Last Checked: Oct 1 at 11:06PM
MLS# TB8508963
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.
Suite 110 is a 2,665-square-foot medical office property within Countryside Professional Center. The layout includes multiple private offices or exam rooms, reception and waiting areas, and administrative workspace. Block construction, central air, and an on-site parking area support the suite’s existing office configuration. The building was constructed in 1980.
The property is located at 28960 US Highway 19 N in Clearwater, along a commercial corridor reported to carry more than 100,000 vehicles per day. The surrounding area includes retail, dining, medical, and residential communities, with access from Clearwater, Dunedin, Palm Harbor, and Safety Harbor. Its setting supports medical, wellness, professional office, and service-oriented uses identified in the property information.
The property is located at 28960 US Highway 19 N in Clearwater, along a commercial corridor reported to carry more than 100,000 vehicles per day. The surrounding area includes retail, dining, medical, and residential communities, with access from Clearwater, Dunedin, Palm Harbor, and Safety Harbor. Its setting supports medical, wellness, professional office, and service-oriented uses identified in the property information.
Key Highlights
- 2,665‑square‑foot medical office suite in Countryside Professional Center
- Suite 110 includes multiple private offices or exam rooms
- Reception, waiting, and administrative areas are built into the layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,040
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$960,800
$960.8K
Cap Rate 7%
$686,286
$686.3K
Cap Rate 9%
$533,778
$533.8K
Market Conditions
NOI Build-Up for 2,665 SF
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.
Gross rent
$69.4K $26.04/SF
− Vacancy
−$5.3K −$2.01/SF
EGI
$64.1K $24.03/SF
− OpEx
−$16.0K −$6.01/SF
NOI
$48.0K $18.03/SF
Area
Clearwater, FL
Vacancy
7.70%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$960,800
Cap Rate 7%
$686,286
Cap Rate 9%
$533,778
Alternative Uses
Best Use
Office B
$686.3K
$600.5K – $800.7K
NOI $48,040 @ 7.0% cap · market cap 8.58%
Second Best
Healthcare Medical
$501.6K
$438.9K – $585.2K
NOI $35,114 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$747.7K
$654.2K – $872.3K
NOI $52,338 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
100,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33761, FL
18,761
Population
9,829
Households
1.9
Avg Household Size
54
Median Age
38%
College-Educated
94%
High-School Grad
5.1 sq mi
ZIP Area
3,679
Density / Sq Mi
$71,839
Median Household Income
$50,110
Median Earnings
$1,711
Median Rent
$271,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with private rooms, reception, waiting, and administrative areas.
Where is this medical office space located?
The property is located at 28960 US HIGHWAY 19 N Clearwater, FL.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: 2,665‑square‑foot medical office suite in Countryside Professional Center; Suite 110 includes multiple private offices or exam rooms; Reception, waiting, and administrative areas are built into the layout
