Office Condo with Plenty
611 DRUID Road E Clearwater, FL 33756
611 DRUID Road E, Clearwater, FL, 33756
$199,000
For Sale
$199,000
SINGLE_FAMILY - CLEARWATER, FL
Property Size960 SF
Lot Size0.67 Acres
Price / SF$207.29
Days on Market180
Property Features for 611 DRUID Road E
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 16-29-15-22620-000-3020
- Size
- 960 SF
- Lot size
- 0.67 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DRUHILL PROFESSIONAL CENTER CONDO PHASE III, UNIT 302
- Tax Annual Amount
- 2060
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Building materials
- Block, Concrete
Listing agency
SMITH & ASSOCIATES REAL ESTATE
(727) 282-1788
Listed by
Chris Calhoon · License #3293399
(727) 542-9933
Added: Jan 22 Updated: Jul 20 at 8:38PM Checked: Jul 21 at 9:06PM
MLS# TB8467635
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.
This offering is for a 960-square-foot office condo within a well-maintained 62-unit complex established in 1983. The complex includes many long-term businesses, and the property provides plenty of parking for tenants and visitors. Condo fees are $497 per month and include water/sewer/garbage, exterior maintenance, and landscaping.
Located in downtown Clearwater near the hospitals and courthouse, the condo is also described as being close to the beaches. The setting is within a multi-tenant office condominium environment, and the listing notes that showings are by appointment only with 24 hours’ notice.
The space can work well for professional office users looking to operate in an established, maintained condo community with parking and shared exterior responsibilities handled through the monthly association fee. The seller also has an additional adjacent/connecting 950-square-foot condo available for purchase, and the units may be sold separately or together for a larger contiguous office configuration.
Located in downtown Clearwater near the hospitals and courthouse, the condo is also described as being close to the beaches. The setting is within a multi-tenant office condominium environment, and the listing notes that showings are by appointment only with 24 hours’ notice.
The space can work well for professional office users looking to operate in an established, maintained condo community with parking and shared exterior responsibilities handled through the monthly association fee. The seller also has an additional adjacent/connecting 950-square-foot condo available for purchase, and the units may be sold separately or together for a larger contiguous office configuration.
Key Highlights
- Prime downtown Clearwater location, near hospitals, courthouse, and beaches.
- Opportunity to purchase an office condo in a well‑maintained complex.
- Option to purchase adjacent/connecting condo unit for a total of 1910 square feet.
Local 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 | $25.0k | $26.04 |
| − Vacancy | −$1.9k | −$2.01 |
| EGI | $23.1k | $24.03 |
| − OpEx | −$5.8k | −$6.01 |
| NOI | $17.3k | $18.03 |
960 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$247.2K
$216.3K – $288.4K
NOI $17,305 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$269.3K
$235.7K – $314.2K
NOI $18,854 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jay E. Carpenter, ...
Physician
Dr. Ashraf R. ...
Dental Office
ProVise Management Group ...
Financial Advisor
Attorney Gary Fernald
Law Firm
Walt Shurden Elder ...
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-maintained office condo in a 62-unit complex, with condo fees covering key exterior and utilities services.
Where is this office units located?
The property is located at 611 DRUID Road E Clearwater, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Prime downtown Clearwater location, near hospitals, courthouse, and beaches.; Opportunity to purchase an office condo in a well‑maintained complex.; Option to purchase adjacent/connecting condo unit for a total of 1910 square feet.
