Freestanding Office
2364 Boy Scout Rd Clearwater, FL 33763
For Sale
Contact for pricing
Freestanding office building with private rooms and open areas, with fire sprinklers, alarm panel, and backup generator.
Property Size5,467 SF
Price / SF$274.19
Days on Market119
Property Features for 2364 Boy Scout Rd
General Information
Standard status
Active
Size
5,467 SF
Property subtype
OFFICE
Listing Agency:
A.R.K. Property Solutions, Inc.
(727) 643-2314
Listed By:
Benjamin Kreloff
(727) 643-2314
Source:
Moodyscre
Added: Apr 2
Changed: Jul 27
Last Checked: Jul 28 at 12:34PM
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 A.R.K. Property Solutions, Inc.
Investment Insights
Based on property information with market context.
This freestanding office building offers a practical interior layout with private rooms, open areas, and flexible space suited to medical or professional office users. The building includes a fire alarm panel, a full fire sprinkler system, and a dedicated backup generator.
The property is located within Drew Professional Park with direct frontage on Drew Street, and is described as close to U.S. Hwy 19 and Gulf to Bay Blvd.
Previously used as a Prescribed Pediatric Extended Care (PPEC) facility, the space is configured for care-oriented operations and may support alternative uses such as daycare, subject to zoning and permitting.
The property is located within Drew Professional Park with direct frontage on Drew Street, and is described as close to U.S. Hwy 19 and Gulf to Bay Blvd.
Previously used as a Prescribed Pediatric Extended Care (PPEC) facility, the space is configured for care-oriented operations and may support alternative uses such as daycare, subject to zoning and permitting.
Key Highlights
- Freestanding office building in Drew Professional Park with direct frontage on Drew Street
- Previously used as a PPEC (Prescribed Pediatric Extended Care) facility with private rooms, open areas, and flexible space
- Equipped with a full fire sprinkler system and a fire alarm panel
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 | $142.4k | $26.04 |
| − Vacancy | −$11.0k | −$2.01 |
| EGI | $131.4k | $24.03 |
| − OpEx | −$32.8k | −$6.01 |
| NOI | $98.5k | $18.03 |
5,467 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,549 @ 7.0% cap · market cap 6.57%
Second Best
Healthcare Medical
$1.03M
$900.4K – $1.20M
NOI $72,033 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,367 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding office building with private rooms and open areas, with fire sprinklers, alarm panel, and backup generator.
Where is this medical office space located?
The property is located at 2364 Boy Scout Rd Clearwater, FL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Freestanding office building in Drew Professional Park with direct frontage on Drew Street; Previously used as a PPEC (Prescribed Pediatric Extended Care) facility with private rooms, open areas, and flexible space; Equipped with a full fire sprinkler system and a fire alarm panel
