Office Condo with Server
For Sale
$249,000
28960 US HIGHWAY 19 N, Clearwater, FL 33761
Commercial Sale, CLEARWATER, FL
Property Size1,194 SF
Lot Size1.87 Acres
Price / SF$208.54
Days on Market66
Property Features for 28960 US HIGHWAY 19 N
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
COUNTRYSIDE PROFESSIONAL CENTER CONDO
Directions
If coming from the North, property is easily accessible via US 19 on the right. If coming from the South, access to Curlew Road via Belcher or another accessible route is recommended, then continue South on US 19 where property will be accessible on the right.
Standard status
Active
APN
19-28-16-18668-000-1020
Size
1,194 SF
Lot size
1.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COUNTRYSIDE PROFESSIONAL CENTER CONDO SUITE 102
Tax Annual Amount
3854
Legal Description
COUNTRYSIDE PROFESSIONAL CENTER CONDO SUITE 102
Utilities
Cooling system
Central Air
Amenities
private rear entrance
climate-controlled server room
attic storage
Building Details
Year built
1980
Floors in Building
1
Building materials
Block
Listing Agency:
BHHS FLORIDA PROPERTIES GROUP · Berkshire Hathaway HomeServices
(727) 461-1700
Listed By:
Maryann Spearman · License #3234385
(727) 709-2374
Added: Jul 3
Changed: Sep 4
Last Checked: Sep 6 at 2:06AM
MLS# TB8525823
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,194-square-foot office condominium is configured for professional, medical, or general office use. The layout includes several enclosed offices, a reception area, a conference or break room, and a dedicated climate-controlled server room. More than 300 square feet of attic storage adds capacity beyond the primary suite, while a private rear entrance provides an additional point of access. The restroom is generously sized and may accommodate a shower or a second restroom, subject to the applicable requirements.
The office is located at 28960 US Highway 19 N in Clearwater, Florida, within Countryside Professional Center. The complex provides ample parking. Building improvements include block construction, central air, and an HVAC system installed in 2020. Office equipment may also be available by negotiation.
The office is located at 28960 US Highway 19 N in Clearwater, Florida, within Countryside Professional Center. The complex provides ample parking. Building improvements include block construction, central air, and an HVAC system installed in 2020. Office equipment may also be available by negotiation.
Key Highlights
- 1,194 SF office condominium with multiple private offices
- Over 300 square feet of attic storage
- Dedicated climate‑controlled server room
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
$21,523
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
8.64%
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%
$430,460
$430.5K
Cap Rate 7%
$307,471
$307.5K
Cap Rate 9%
$239,144
$239.1K
Market Conditions
NOI Build-Up for 1,194 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
$31.1K $26.04/SF
− Vacancy
−$2.4K −$2.01/SF
EGI
$28.7K $24.03/SF
− OpEx
−$7.2K −$6.01/SF
NOI
$21.5K $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%
$430,460
Cap Rate 7%
$307,471
Cap Rate 9%
$239,144
Alternative Uses
Best Use
Office B
$307.5K
$269.0K – $358.7K
NOI $21,523 @ 7.0% cap · market cap 8.64%
Second Best
Healthcare Medical
$224.7K
$196.7K – $262.2K
NOI $15,732 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$335.0K
$293.1K – $390.8K
NOI $23,449 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 33761, FL
18,761
Population
9,829
Households
1.9
Avg Household Size
54
Median Age
38%
College-Educated
94%
High-School Grad
5.1 sq mi
ZIP Area
3,679
Density / Sq Mi
$71,839
Median Household Income
$50,110
Median Earnings
$1,711
Median Rent
$271,100
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 - Configured with private offices, reception, conference space, climate-controlled server storage, and a rear entry.
Where is this office units located?
The property is located at 28960 US HIGHWAY 19 N Clearwater, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,194 SF office condominium with multiple private offices; Over 300 square feet of attic storage; Dedicated climate‑controlled server room
