Move-In Ready Office Condo
For Sale
$249,000
28960 US HIGHWAY 19 N #102, Clearwater, FL 33761
Turnkey office suite with private entrance, multiple offices, reception, conference room, server room, and attic storage.
Property Size1,194 SF
Price / SF$208.54
Days on Market63
Property Features for 28960 US HIGHWAY 19 N #102
General Information
Standard status
Active
Size
1,194 SF
Property subtype
Office
Amenities
1.87 acres
Additional parcels description:, Parcel Number: 19-28-16-18668-000-1020, Public Survey Range: 16, Public Survey Section: 19, Annual Amount: $3,854.24, Tax Block: 18668, Tax Book Number: 83-85, Legal Description: COUNTRYSIDE PROFESSIONAL CENTER CONDO SUITE 102, Lot: 1020, Year: 2025
Central Air
Listing ID: MFRTB8525823, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-07-03, 7 days on market, Special Conditions: None
Common, Ground Level, Lighted, Over 30 Spaces
Built in 1980, Living area: 1194, Living area units: Square Feet, 1 storey, Construction Materials: Block
Subdivision: COUNTRYSIDE PROFESSIONAL CENTER CONDO, MLS Area (Major): 33761 - Clearwater, County/Parish: Pinellas
Slab
Allowed: No
Frontage Type: County Road, Divided Highway, Highway, Main Throrughfare, Turn Lanes, Road Surface: Asphalt
Building Details
Year Built
1980
Listing Agency:
BHHS FLORIDA PROPERTIES GROUP
(727) 461-1700
Listed By:
Maryann Spearman · License #3234385
(727) 709-2374
Source:
Miharaandassociates
Added: Jul 3
Changed: Sep 3
Last Checked: Sep 2 at 5:09PM
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 BHHS FLORIDA PROPERTIES GROUP
Investment Insights
Based on property information with market context.
Move-in ready office condominium suite within the Countryside Professional Center, offered for sale. The interior includes several private offices, a spacious reception area, and a large conference room or break room. There is also a dedicated, climate-controlled server room and over 300 square feet of attic storage. The unit features a private rear entrance for convenient access.
The suite has an existing, generously sized restroom with potential to accommodate a shower and/or an additional restroom if desired. An HVAC system was installed in 2020, and the complex is professionally maintained with ample parking available for tenants and visitors.
This turnkey space is suitable for professional, medical, or general office use, with office equipment listed as negotiable.
The suite has an existing, generously sized restroom with potential to accommodate a shower and/or an additional restroom if desired. An HVAC system was installed in 2020, and the complex is professionally maintained with ample parking available for tenants and visitors.
This turnkey space is suitable for professional, medical, or general office use, with office equipment listed as negotiable.
Key Highlights
- Move‑in ready office condo in Countryside Professional Center (Clearwater 33761) with HVAC installed in 2020
- Office suite layout includes several private offices plus a spacious reception area
- Includes a large conference room or break room and a 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
—
—
no second resolved use
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 - Turnkey office suite with private entrance, multiple offices, reception, conference room, server room, and attic storage.
Where is this office units located?
The property is located at 28960 US HIGHWAY 19 N #102 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: Move‑in ready office condo in Countryside Professional Center (Clearwater 33761) with HVAC installed in 2020; Office suite layout includes several private offices plus a spacious reception area; Includes a large conference room or break room and a dedicated climate‑controlled server room
