Medical Office Suite with Exam
For Sale
$559,900
110-28960 Us Highway 19 N, Clearwater, FL 33764
Well-appointed suite with private offices/exam rooms and reception for medical or wellness practices along US Highway 19.
Property Size2,665 SF
Price / SF$210.09
Days on Market108
Property Features for 110-28960 Us Highway 19 N
General Information
Standard status
Active
Size
2,665 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,009
Listing Agency:
COLDWELL BANKER REALTY
(702) 528-8071
Listed By:
Erin Cordero · License #3503889
(702) 528-8071
Source:
Exprealty
Added: May 15
Changed: Aug 27
Last Checked: Aug 29 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Suite 110 at the Countryside Professional Center is a functional medical office configuration designed for clinical, wellness, professional office, or service-based use. The layout includes multiple private offices/exam rooms, along with a welcoming reception and waiting area. Additional administrative workspace supports day-to-day operations, and the suite is served by convenient on-site parking for clients and staff.
The suite is positioned directly on busy US Highway 19 in Clearwater, offering visibility and easy access to the surrounding Pinellas County area, including Clearwater, Dunedin, Palm Harbor, and Safety Harbor. The property is part of a well-maintained office complex surrounded by retail, dining, medical, and residential communities, creating a convenient mix of nearby services and daily traffic. The corridor is reported to provide exposure to over 100,000 vehicles per day, and ongoing US 19 infrastructure improvements are noted to enhance traffic flow and accessibility.
For an owner-user or investor, this suite offers a tenant-ready option for practices that require privacy and multiple examination or office rooms, paired with a clear front-end reception and waiting component. Its direct highway location and client parking can help support customer access for healthcare, wellness, and other service professionals operating from a professional office setting.
The suite is positioned directly on busy US Highway 19 in Clearwater, offering visibility and easy access to the surrounding Pinellas County area, including Clearwater, Dunedin, Palm Harbor, and Safety Harbor. The property is part of a well-maintained office complex surrounded by retail, dining, medical, and residential communities, creating a convenient mix of nearby services and daily traffic. The corridor is reported to provide exposure to over 100,000 vehicles per day, and ongoing US 19 infrastructure improvements are noted to enhance traffic flow and accessibility.
For an owner-user or investor, this suite offers a tenant-ready option for practices that require privacy and multiple examination or office rooms, paired with a clear front-end reception and waiting component. Its direct highway location and client parking can help support customer access for healthcare, wellness, and other service professionals operating from a professional office setting.
Key Highlights
- Suite 110 in Countryside Professional Center—commercial office suite directly on US Highway 19 in Clearwater
- Multiple private offices/exam rooms plus a reception and waiting area
- Administrative workspace included for day‑to‑day operations
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33764, FL
27,547
Population
15,193
Households
1.8
Avg Household Size
50
Median Age
32%
College-Educated
93%
High-School Grad
6.3 sq mi
ZIP Area
4,373
Density / Sq Mi
$64,573
Median Household Income
$45,949
Median Earnings
$1,622
Median Rent
$302,500
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?
Medical Office Space - Well-appointed suite with private offices/exam rooms and reception for medical or wellness practices along US Highway 19.
Where is this medical office space located?
The property is located at 110-28960 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: Suite 110 in Countryside Professional Center—commercial office suite directly on US Highway 19 in Clearwater; Multiple private offices/exam rooms plus a reception and waiting area; Administrative workspace included for day‑to‑day operations
