Medical Office Condo
303-611 Druid Rd E Clearwater, FL 33756
For Sale
$180,000
Medical office condo in a well-maintained 62-unit complex with plenty of parking and condo fees covering utilities and maintenance.
Property Size950 SF
Price / SF$189.47
Days on Market182
Property Features for 303-611 Druid Rd E
General Information
- Standard status
- Active
- Size
- 950 SF
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(727) 542-9933
Listed By:
Chris Calhoon · License #3293399
(727) 542-9933
Source:
Exprealty
Added: Jan 22
Changed: Jul 22
Last Checked: Jul 22 at 8:14PM
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 SMITH & ASSOCIATES REAL ESTATE
Investment Insights
Based on property information with market context.
This for-sale medical office condo suite is located within a well-maintained 62-unit complex established in 1983. The unit is approximately 950 square feet and is part of a managed property where condo fees include water/sewer/garbage, exterior maintenance, and landscaping. The seller also has an adjacent/connecting medical office condo of approximately 960 square feet available for purchase, with the option to buy either unit separately or together.
The property is positioned in downtown Clearwater near hospitals, the courthouse, and beaches, with showings available by appointment only and 24 hours’ notice.
For buyers seeking an office space within a larger, established complex, this suite offers a straightforward condo setup supported by shared exterior and utility-related services.
The property is positioned in downtown Clearwater near hospitals, the courthouse, and beaches, with showings available by appointment only and 24 hours’ notice.
For buyers seeking an office space within a larger, established complex, this suite offers a straightforward condo setup supported by shared exterior and utility-related services.
Key Highlights
- 950 SF medical office condo in a well‑maintained 62‑unit complex established in 1983
- Plenty of parking for the building
- Condo fees are $524/month and include water/sewer/garbage, exterior maintenance, and landscaping
Financial Insights For Healthcare Medical
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 | $22.8k | $24.00 |
| − Vacancy | −$1.9k | −$2.04 |
| EGI | $20.9k | $21.96 |
| − OpEx | −$8.3k | −$8.78 |
| NOI | $12.5k | $13.18 |
950 SF · lease $24.00/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$244.6K
$214.1K – $285.4K
NOI $17,125 @ 7.0% cap · market cap 9.51%
Second Best
Healthcare Medical
$178.8K
$156.5K – $208.6K
NOI $12,517 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$266.5K
$233.2K – $311.0K
NOI $18,657 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Court Street Animal Hospital — 1000 Court St, Clearwater, FL 33756
FAQs
What type of property is this?
Medical Office Space - Medical office condo in a well-maintained 62-unit complex with plenty of parking and condo fees covering utilities and maintenance.
Where is this medical office space located?
The property is located at 303-611 Druid Rd E Clearwater, FL.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 950 SF medical office condo in a well‑maintained 62‑unit complex established in 1983; Plenty of parking for the building; Condo fees are $524/month and include water/sewer/garbage, exterior maintenance, and landscaping
