Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Clearwater Office Condo For Sale Title is generated by Realmo AI

    611 DRUID Rd E 302, Clearwater, FL 33756

    View on Map
    Claim this Listing
    For Sale
    $199,000

    Office condo in downtown Clearwater, near hospitals and beaches.

    Type:Commercial
    Property size:
    960 SF
    Price / SF:
    $207/SF
    Added:
    Apr 24, 2026
    Days on Market:
    41
    Last Refresh:
    Apr 24 at 3:51 pm

    Property Features for 611 DRUID Rd E 302

    General Information

    Standard status
    Active
    Size
    960 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1983

    We can help!

    Listing Contact
    Chris Calhoon

    Listing agent Chris Calhoon License #3293399

    Listing office SMITH & ASSOCIATES REAL ESTATE

    Listing date Apr 24, 2026

    Source Elliman

    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 SMITH & ASSOCIATES REAL ESTATE

    HighLights

    • Desirable downtown Clearwater location, near hospitals, courthouse, and beaches.
    • Opportunity to purchase an adjacent/connecting 950 sq ft condo; units can be sold separately or together.
    • Well‑maintained 960 sq ft office condo in an established complex.
    • Ample parking available.
    • Condo fees include water/sewer/garbage, exterior maintenance, and landscaping.
    • Very Walkable location (Walk Score: 76).

    Overview

    This 960 square foot office condo is located in the downtown Clearwater area, near hospitals, the courthouse, and beaches. The unit is part of a well-maintained, 62-unit complex established in 1983, which hosts many long-term businesses and offers ample parking. Condo fees are $497 per month, covering water, sewer, garbage, exterior maintenance, and landscaping. An adjacent, connecting 950 square foot condo is also available for sale; the units can be purchased separately or together. The location has a bike score of 66, indicating it is bikeable, and a walk score of 76, indicating it is very walkable. The transit score is 38, indicating some transit options are available.

    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 (±1% cap)
    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 (±1% cap)
    NOI $18,854 @ 7.0% cap · market cap 9.47%
    Zoning and permitted uses should be independently verified with local authorities.
    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

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7978515
    Latitude
    27.9564388

    Nearby Similar for Sale

    • $1,776,000
      9,600 SF

      Consolidated Office Condominium Suite

      Up to 9,600 SF of contiguous first-floor office space with flexible configurations for professional or medical use.
      611 DRUID ROAD E, CLEARWATER, FL 33756
      View Details
    • $659,000
      2,665 SF

      Clearwater Office on US Highway

      Versatile commercial office suite in a high-traffic Clearwater location.
      28960 US HIGHWAY 19 N, CLEARWATER, FL 33761
      View Details
    • $7,500,000
      8,335 SF

      Modern Office Building For Sale

      Striking office property with architectural presence and investment stability.
      19995 US HIGHWAY 19 N, CLEARWATER, FL 33764
      View Details
    • $350,000
      1,935 SF

      Downtown Clearwater Professional Office Condo

      Combined office condo near courthouse and Morton Plant Hospital.
      611 DRUID ROAD E, CLEARWATER, FL 33756
      View Details
    • $1,249,000
      3,633 SF

      Clearwater Multifamily Investment Opportunity

      Six-unit multifamily property in Clearwater with strong cash flow.
      1102 SUNSET POINT ROAD, CLEARWATER, FL 33755
      View Details
    • $1,450,000
      14,252 SF

      Clearwater Office Building For Sale

      Versatile commercial property in Clearwater with flexible office configurations.
      1253 PARK STREET, CLEARWATER, FL 33756
      View Details
    • $1,950,000
      9,496 SF

      Renovated Commercial Building in Clearwater

      Turnkey commercial building with flexible layout and high-traffic location.
      1710 N FORT HARRISON AVENUE, CLEARWATER, FL 33755
      View Details
    • $2,595,000
      11,000 SF

      Turnkey Warehouse and Storage Facility

      Multi-building warehouse, office, and self-storage setup offers secured operations and flexible income potential.
      1453 S MARTIN LUTHER KING JR AVENUE, CLEARWATER, FL 33756
      View Details
    • $1,200,000
      7,599 SF

      Clearwater Stand Alone Office Building

      Adaptable 7,599 sq ft building with 25 parking spaces.
      1610 N MYRTLE AVENUE, CLEARWATER, FL 33755
      View Details
    • $2,200,000
      9,799 SF

      Clearwater Mixed-Use Development Opportunity

      2.7-acre parcel in active commercial corridor with development flexibility.
      11400 US HIGHWAY 19 N, CLEARWATER, FL 33764
      View Details
    • $6,000,000
      22,086 SF

      Iconic Office Building For Sale

      Landmark office building in Clearwater, Florida, with diverse businesses.
      1465 S FORT HARRISON AVENUE, CLEARWATER, FL 33756
      View Details
    • $1,375,000
      3,561 SF

      Clearwater Commercial Building For Sale

      Freestanding building suitable for office, medical, or retail use.
      1201 S MYRTLE AVENUE, CLEARWATER, FL 33756
      View Details

    FAQs

    What type of property is this?
    Office units - Office condo in downtown Clearwater, near hospitals and beaches.
    Where is this office units located?
    The property is located at 611 DRUID Rd E 302 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: Desirable downtown Clearwater location, near hospitals, courthouse, and beaches.; Opportunity to purchase an adjacent/connecting 950 sq ft condo; units can be sold separately or together.; Well‑maintained 960 sq ft office condo in an established complex.
    (727) 542-9933
    We can help!
    Listing Contact
    Chris Calhoon
    Real Estate License ID: 3293399
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    611 DRUID Rd E 302, Clearwater, FL 33756
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!