Medical Office with Exam
For Sale
$1,000,000
2346 Drew Street 1f, Clearwater, FL 33765
Configured for outpatient care with procedure space, patient-flow areas, and dedicated staff amenities.
Property Size3,796 SF
Price / SF$263.44
Days on Market53
Property Features for 2346 Drew Street 1f
General Information
Standard status
Active
Size
3,796 SF
Building Details
Year Built
2004
Listing Agency:
ASSET AND KEY
Listed By:
Bradley Meinck, PLL · License #3299864
(727) 366-2606
Source:
Livewelltampabay
Added: Aug 23
Changed: Oct 11
Last Checked: Oct 7 at 4:56PM
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 at 2346 Drew Street in Clearwater offers an established healthcare layout with 8 equipped 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. Built in 2004, the property features a completed medical build-out and was previously used by an ophthalmology practice.
The office fronts Drew Street, identified in the property information as a high-traffic corridor carrying over 27,000 vehicles per day. Nearby medical and healthcare users, public transportation access, and connections toward Tampa and the Gulf beaches add context to the location. The configuration is suited to medical practices seeking an existing outpatient facility with specialized rooms and operational support areas already in place.
The office fronts Drew Street, identified in the property information as a high-traffic corridor carrying over 27,000 vehicles per day. Nearby medical and healthcare users, public transportation access, and connections toward Tampa and the Gulf beaches add context to the location. The configuration is suited to medical practices seeking an existing outpatient facility with specialized rooms and operational support areas already in place.
Key Highlights
- 3,796‑square‑foot medical office at 2346 Drew Street, Clearwater, FL 33765
- 8 fully equipped exam rooms and a dedicated procedure room
- 4 individual restrooms for patients and staff
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,427
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,540
$1.4M
Cap Rate 7%
$977,529
$977.5K
Cap Rate 9%
$760,300
$760.3K
Market Conditions
NOI Build-Up for 3,796 SF
Gross rent
$98.8K $26.04/SF
− Vacancy
−$7.6K −$2.01/SF
EGI
$91.2K $24.03/SF
− OpEx
−$22.8K −$6.01/SF
NOI
$68.4K $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 Rate 5%
$1,368,540
Cap Rate 7%
$977,529
Cap Rate 9%
$760,300
Alternative Uses
Best Use
Office B
$977.5K
$855.3K – $1.14M
NOI $68,427 @ 7.0% cap · market cap 6.84%
Second Best
Healthcare Medical
$714.5K
$625.2K – $833.6K
NOI $50,016 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.07M
$931.9K – $1.24M
NOI $74,550 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,425
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for outpatient care with procedure space, patient-flow areas, and dedicated staff amenities.
Where is this medical office space located?
The property is located at 2346 Drew Street 1f Clearwater, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3,796‑square‑foot medical office at 2346 Drew Street, Clearwater, FL 33765; 8 fully equipped exam rooms and a dedicated procedure room; 4 individual restrooms for patients and staff
