Medical Office with Exam
For Sale
$1,150,000
2346 DREW STREET, Clearwater, FL 33765
Move-in-ready medical office with a specialized layout, patient-flow areas, and central air conditioning.
Property Size3,796 SF
Price / SF$302.95
Days on Market170
Property Features for 2346 DREW STREET
General Information
Standard status
Active
Size
3,796 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$10,870
Amenities
Central Air
3
Paved Road.
Building Details
Year Built
2004
Listing Agency:
ASSET AND KEY
(727) 366-2606
Listed By:
Bradley Meinck, PLL · License #3299864
Source:
Xome
Added: Feb 14
Changed: Aug 3
Last Checked: Aug 3 at 7:15AM
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 ASSET AND KEY
Investment Insights
Based on property information with market context.
This 3,796-square-foot medical office property, built in 2004, features a purpose-built healthcare layout with 8 exam rooms, a dedicated procedure room, and 4 restrooms. The interior also includes an executive office, staff break room, and separate check-in and check-out areas that support distinct patient and administrative functions. Central air conditioning is included, and the space has a paved-road setting.
Located at 2346 Drew Street in Clearwater, the property sits along a corridor identified in the source information as carrying over 27,000 vehicles per day. The setting is described as being near other medical and healthcare providers, with nearby public transportation access and connections toward Tampa and the Gulf beaches.
The space was previously occupied by an ophthalmology practice, providing a healthcare-specific configuration for medical office users seeking an existing build-out rather than new construction.
Located at 2346 Drew Street in Clearwater, the property sits along a corridor identified in the source information as carrying over 27,000 vehicles per day. The setting is described as being near other medical and healthcare providers, with nearby public transportation access and connections toward Tampa and the Gulf beaches.
The space was previously occupied by an ophthalmology practice, providing a healthcare-specific configuration for medical office users seeking an existing build-out rather than new construction.
Key Highlights
- 3,796‑square‑foot medical office property built in 2004
- 8 exam rooms plus a dedicated procedure room
- 4 restrooms serving patients and staff
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 | $98.8k | $26.04 |
| − Vacancy | −$7.6k | −$2.01 |
| EGI | $91.2k | $24.03 |
| − OpEx | −$22.8k | −$6.01 |
| NOI | $68.4k | $18.03 |
3,796 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$977.5K
$855.3K – $1.14M
NOI $68,427 @ 7.0% cap · market cap 5.95%
Second Best
Healthcare Medical
$714.5K
$625.2K – $833.6K
NOI $50,016 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.07M
$931.9K – $1.24M
NOI $74,550 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,678
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33765, FL
13,844
Population
6,873
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
3,296
Density / Sq Mi
$61,910
Median Household Income
$40,535
Median Earnings
$1,585
Median Rent
$290,700
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 - Move-in-ready medical office with a specialized layout, patient-flow areas, and central air conditioning.
Where is this medical office space located?
The property is located at 2346 DREW STREET Clearwater, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3,796‑square‑foot medical office property built in 2004; 8 exam rooms plus a dedicated procedure room; 4 restrooms serving patients and staff
