Medical Office Suite with Highway
For Sale
$659,000
28960 Us Highway 19 N Unit 110, Clearwater, FL 33761
Configured with private rooms, reception space, administrative workspace, and on-site parking for clients and staff.
Property Size2,665 SF
Price / SF$247.28
Days on Market46
Property Features for 28960 Us Highway 19 N Unit 110
General Information
Standard status
Active
Size
2,665 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1980
Listing Agency:
COLDWELL BANKER REALTY
(702) 528-8071
Listed By:
Erin Cordero · License #3503889
Source:
Chenoregroup
Added: Jul 17
Changed: Aug 30
Last Checked: Aug 25 at 4:17AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Suite 110 is a medical office space within Countryside Professional Center, offering 2,665 square feet with a layout suited to clinical and professional operations. The interior includes multiple private offices or exam rooms, a reception and waiting area, administrative workspace, and central air. On-site parking serves both visitors and staff.
The suite is positioned directly on US Highway 19 in Clearwater, with reported exposure to more than 100,000 vehicles per day. The surrounding setting includes retail, dining, medical, and residential communities, while access extends to Clearwater, Dunedin, Palm Harbor, Safety Harbor, and nearby areas. The office complex was built in 1980.
The suite is positioned directly on US Highway 19 in Clearwater, with reported exposure to more than 100,000 vehicles per day. The surrounding setting includes retail, dining, medical, and residential communities, while access extends to Clearwater, Dunedin, Palm Harbor, Safety Harbor, and nearby areas. The office complex was built in 1980.
Key Highlights
- 2,665 square feet in Suite 110
- Multiple private offices or exam rooms with reception and waiting areas
- Directly positioned on US Highway 19
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
$48,040
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
7.29%
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%
$960,800
$960.8K
Cap Rate 7%
$686,286
$686.3K
Cap Rate 9%
$533,778
$533.8K
Market Conditions
NOI Build-Up for 2,665 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
$69.4K $26.04/SF
− Vacancy
−$5.3K −$2.01/SF
EGI
$64.1K $24.03/SF
− OpEx
−$16.0K −$6.01/SF
NOI
$48.0K $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%
$960,800
Cap Rate 7%
$686,286
Cap Rate 9%
$533,778
Alternative Uses
Best Use
Office B
$686.3K
$600.5K – $800.7K
NOI $48,040 @ 7.0% cap · market cap 7.29%
Second Best
Healthcare Medical
$501.6K
$438.9K – $585.2K
NOI $35,114 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$747.7K
$654.2K – $872.3K
NOI $52,338 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with private rooms, reception space, administrative workspace, and on-site parking for clients and staff.
Where is this medical office space located?
The property is located at 28960 Us Highway 19 N Unit 110 Clearwater, FL.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 2,665 square feet in Suite 110; Multiple private offices or exam rooms with reception and waiting areas; Directly positioned on US Highway 19
