Move-In Ready Office Condo
For Sale
Contact for pricing
14141 46th St N, Clearwater, FL 33762
Office condo suite includes six private offices, reception, two restrooms, breakroom with full kitchen, and in-suite washer/dryer.
Property Size2,250 SF
Price / SF$177.78
Days on Market158
Property Features for 14141 46th St N
General Information
Standard status
Active
Size
2,250 SF
Class
B
Property subtype
Office
Zoning
Commercial Office
Investment Type
Owner/User
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
KW Commercial
Listed By:
Jack Bataoel · License #SL3390114
(727) 304-3566
Source:
Crexi
Added: Apr 3
Changed: Aug 24
Last Checked: Sep 7 at 3:19AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This move-in ready office condo suite offers 2,250 SF of professionally designed space with six private offices and a large open workspace. A welcoming reception area includes a check-in/check-out window, supported by two restrooms for day-to-day operations. The layout also features a spacious eat-in breakroom with a full kitchen, along with an in-suite washer and dryer to improve in-office efficiency.
The suite is located within a well-maintained office association, where exterior maintenance coverage and strong financial reserves are noted. Parking is provided at a 5/1,000 ratio, supporting practical access for employees and visitors.
Inside, the combination of enclosed offices and an open collaboration area, together with the reception and restroom configuration, creates a functional footprint for professional or service-based use.
The suite is located within a well-maintained office association, where exterior maintenance coverage and strong financial reserves are noted. Parking is provided at a 5/1,000 ratio, supporting practical access for employees and visitors.
Inside, the combination of enclosed offices and an open collaboration area, together with the reception and restroom configuration, creates a functional footprint for professional or service-based use.
Key Highlights
- 2,250 SF office condo suite with six private offices and a large open workspace
- Welcoming reception area with check‑in/check‑out window
- Includes two restrooms and an eat‑in breakroom with full kitchen
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
$29,646
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
7.41%
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%
$592,920
$592.9K
Cap Rate 7%
$423,514
$423.5K
Cap Rate 9%
$329,400
$329.4K
Market Conditions
NOI Build-Up for 2,250 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
$54.0K $24.00/SF
− Vacancy
−$4.6K −$2.04/SF
EGI
$49.4K $21.96/SF
− OpEx
−$19.8K −$8.78/SF
NOI
$29.6K $13.18/SF
Area
Clearwater, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$592,920
Cap Rate 7%
$423,514
Cap Rate 9%
$329,400
Alternative Uses
Best Use
Office B
$579.4K
$507.0K – $676.0K
NOI $40,559 @ 7.0% cap · market cap 10.14%
Second Best
Healthcare Medical
$423.5K
$370.6K – $494.1K
NOI $29,646 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$631.3K
$552.4K – $736.5K
NOI $44,188 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
Explore this area
Business Placement
Demographics for 33762, FL
5,572
Population
3,117
Households
1.8
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
7.1 sq mi
ZIP Area
785
Density / Sq Mi
$91,024
Median Household Income
$51,596
Median Earnings
$1,711
Median Rent
$332,000
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?
Office units - Office condo suite includes six private offices, reception, two restrooms, breakroom with full kitchen, and in-suite washer/dryer.
Where is this office units located?
The property is located at 14141 46th St N Clearwater, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,250 SF office condo suite with six private offices and a large open workspace; Welcoming reception area with check‑in/check‑out window; Includes two restrooms and an eat‑in breakroom with full kitchen
