Updated Office Unit For
551-587 S Duncan Ave Clearwater, FL
For Sale
Contact for pricing
Updated office unit suitable for medical or general use.
Property Size1,140 SF
Lot Size2.29 Acres
Price / SF$197.37
Days on Market627
Property Features for 551-587 S Duncan Ave
General Information
- Standard status
- Active
- Size
- 1,140 SF
- Lot size
- 2.29 Acres
- Property subtype
- OFFICE
Properties For Sale
at 551-587 S Duncan Ave Contact us
Listing Agency:
Klein & Heuchan, Inc.
(727) 772-3963
Listed By:
Mark S. Klein · License #BK136744
(727) 772-3963
Source:
Moodyscre
Added: Nov 5, 2024
Changed: Jul 10
Last Checked: Jul 21 at 6:14AM
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 Klein & Heuchan, Inc.
Investment Insights
Based on property information with market context.
This updated unit, with a size of 1140 square feet, is suitable for medical, chiropractic, or massage practices, and can also be converted to general office use. The building's roof has been recently updated.
Key Highlights
- Updated unit suitable for medical, chiropractic, or massage practices.
- Convertible to general office space.
- Recently updated building roof.
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 | $29.7k | $26.04 |
| − Vacancy | −$2.3k | −$2.01 |
| EGI | $27.4k | $24.03 |
| − OpEx | −$6.8k | −$6.01 |
| NOI | $20.5k | $18.03 |
1,140 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$293.6K
$256.9K – $342.5K
NOI $20,550 @ 7.0% cap · market cap 9.13%
Second Best
Healthcare Medical
$214.6K
$187.8K – $250.4K
NOI $15,021 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$319.8K
$279.9K – $373.2K
NOI $22,389 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- A Pet's Place of Clearwater — 410 S Pegasus Ave, Clearwater, FL 33765
- Love Animal Hospital — 510 S Highland Ave, Clearwater, FL 33756
- Bell Jennifer DVM — 1961 drew st, clearwater, fl 33765
- Vet 2 Vet Reconnect — 587 S Duncan Ave, Clearwater, FL 33756, United States
FAQs
What type of property is this?
Medical Office Space - Updated office unit suitable for medical or general use.
Where is this medical office space located?
The property is located at 551-587 S Duncan Ave Clearwater, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Updated unit suitable for medical, chiropractic, or massage practices.; Convertible to general office space.; Recently updated building roof.
