Medical/Professional Office Space For
For Sale
Contact for pricing
1745 S Highland Ave #4, Clearwater, FL 33756
Purpose-built medical/professional space with exam rooms and ample parking.
Property Size1,245 SF
Price / SF$228.92
Days on Market164
Property Features for 1745 S Highland Ave #4
General Information
Standard status
Active
Size
1,245 SF
Class
C
Property subtype
Office
Zoning
ROG
Investment Type
Owner/User
Building Details
Year Built
1977
Year Renovated
2018
Buildings
2
Stories
1
Units
1
Listing Agency:
KW Commercial Tampa Bay
Listed By:
Hal Holder · License #SL3416459
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 13 at 7:02AM
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 Tampa Bay
Investment Insights
Based on property information with market context.
This property is purpose-built for medical or professional services. It features exam rooms equipped with sinks. The layout includes a garden-style entrance, lobby and reception area, exam rooms, storage, and offices. The property offers ample parking for staff and patients. The building provides an opportunity to start a new practice or expand an existing one. The property has a size of 1245 square feet and can be combined with Suite 4, which is also for sale.
Key Highlights
- Purpose‑built for medical or professional services, featuring existing exam rooms and sinks.
- Excellent location with ample parking for staff and patients.
- Affordable opportunity to own a practice space.
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
$22,443
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
7.87%
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%
$448,860
$448.9K
Cap Rate 7%
$320,614
$320.6K
Cap Rate 9%
$249,367
$249.4K
Market Conditions
NOI Build-Up for 1,245 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
$32.4K $26.04/SF
− Vacancy
−$2.5K −$2.01/SF
EGI
$29.9K $24.03/SF
− OpEx
−$7.5K −$6.01/SF
NOI
$22.4K $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%
$448,860
Cap Rate 7%
$320,614
Cap Rate 9%
$249,367
Alternative Uses
Best Use
Office B
$320.6K
$280.5K – $374.1K
NOI $22,443 @ 7.0% cap · market cap 7.87%
Second Best
Healthcare Medical
$234.3K
$205.1K – $273.4K
NOI $16,404 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$349.3K
$305.6K – $407.5K
NOI $24,451 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33756, FL
31,807
Population
15,474
Households
2.1
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
7.2 sq mi
ZIP Area
4,418
Density / Sq Mi
$63,990
Median Household Income
$38,563
Median Earnings
$1,382
Median Rent
$335,800
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 - Purpose-built medical/professional space with exam rooms and ample parking.
Where is this medical office space located?
The property is located at 1745 S Highland Ave #4 Clearwater, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Purpose‑built for medical or professional services, featuring existing exam rooms and sinks.; Excellent location with ample parking for staff and patients.; Affordable opportunity to own a practice space.
