Renovated Freestanding Office
1180 PONCE DE LEON BOULEVARD 501 Clearwater, FL 33756
For Sale
$975,000
Freestanding renovated office building with a six-office layout, conference room, kitchen/break area, and dedicated parking.
Property Size2,622 SF
Price / SF$371.85
Days on Market505
Property Features for 1180 PONCE DE LEON BOULEVARD 501
General Information
- Standard status
- Active
- Size
- 2,622 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2009
Listing Agency:
MAVREALTY
(727) 641-0151
Listed By:
Drew Moser · License #3404374
(727) 641-0151
Source:
Exitrealty
Added: Mar 8, 2025
Changed: Jul 23
Last Checked: Jul 25 at 6:41AM
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 MAVREALTY
Investment Insights
Based on property information with market context.
Building 501 is one of eight freestanding office buildings designed for professional client experiences. The space has undergone recent renovations, including a new metal roof added in December 2020, with a complete buildout completed between 2022 and 2023. The layout includes six offices, six cubicles, and three bathrooms, plus a side conference room and an owner’s suite with a full bath and shower. Additional interior features include a kitchen area, break room, and coffee bar.
Building 501 includes eight dedicated parking spaces, with additional guest parking nearby. The property is located next to the Belleair Surgery Center and close to Morton Plant Mease Hospital and Largo Medical Center, putting it minutes from Belleair.
Interior furnishings are negotiable. An HOA/maintenance fee of $396.35 per month covers parking lot maintenance, exterior painting, landscaping, and liability coverage for common areas, supporting a low-management ownership profile. The property is currently owner-occupied and there is no income at this time.
Building 501 includes eight dedicated parking spaces, with additional guest parking nearby. The property is located next to the Belleair Surgery Center and close to Morton Plant Mease Hospital and Largo Medical Center, putting it minutes from Belleair.
Interior furnishings are negotiable. An HOA/maintenance fee of $396.35 per month covers parking lot maintenance, exterior painting, landscaping, and liability coverage for common areas, supporting a low-management ownership profile. The property is currently owner-occupied and there is no income at this time.
Key Highlights
- Building 501 includes 2,600+ SF office space with a layout of six offices, six cubicles, and three bathrooms
- Renovations include a new metal roof added in December 2020 and a complete buildout finished between 2022 and 2023
- Conference room plus an owner’s suite with full bath and shower, along with kitchen/break area and coffee bar
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 | $68.3k | $26.04 |
| − Vacancy | −$5.3k | −$2.01 |
| EGI | $63.0k | $24.03 |
| − OpEx | −$15.8k | −$6.01 |
| NOI | $47.3k | $18.03 |
2,622 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$675.2K
$590.8K – $787.8K
NOI $47,265 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$735.6K
$643.7K – $858.2K
NOI $51,494 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fetch! Underwriting Made ...
(Bike/Boat/Book/etc) Store
Belleair Home Care
Home Health Care Service
Dr. Malory Leblanc
Dental Office
Richard Gyles
Dental Office
Nguyen Michellien DDS
Dental Office
FAQs
What type of property is this?
Office building - Freestanding renovated office building with a six-office layout, conference room, kitchen/break area, and dedicated parking.
Where is this office building located?
The property is located at 1180 PONCE DE LEON BOULEVARD 501 Clearwater, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Building 501 includes 2,600+ SF office space with a layout of six offices, six cubicles, and three bathrooms; Renovations include a new metal roof added in December 2020 and a complete buildout finished between 2022 and 2023; Conference room plus an owner’s suite with full bath and shower, along with kitchen/break area and coffee bar
