Corner Office and Redevelopment
605 PALM BOULEVARD, Dunedin, FL 34698
Signalized corner parcel with an existing single-story office building and Neighborhood Business zoning for flexible redevelopment options.
Type:Office
Property size:
3,051 SFLot size:
0.50 AcresPrice / SF:
$245/SF- Added:
- Jun 24, 2026
- Days on Market:
- 9
- Last Refresh:
- Jul 1 at 4:00 am
Property Features for 605 PALM BOULEVARD
General Information
- Standard status
- Active
- Size
- 3,051 SF
- Lot size
- 0.50 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1965
Listing office REHM REALTY GROUP LLC (727) 463-7346
Listing date Jun 24, 2026
Source Search.showcaseidx
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 REHM REALTY GROUP LLC
HighLights
- 0.50‑acre (21,714 SF) signalized corner parcel at Bayshore Blvd and Palm Blvd in Dunedin, FL.
- Neighborhood Business (NB) zoning with Retail & Services Limited (R&SL) designation supporting a variety of uses.
- Includes a 3,051 SF single‑story office building (built in 1965) with 3 bathrooms.
- Office building sustained flood damage during Hurricane Helene; property may be renovated or redeveloped.
- Directly adjacent to the Pinellas Trail and alongside Bayshore Blvd (Alternate US‑19) with ~20,200 vehicles/day traffic.
- Pinellas Trail attracts about 70,000 users per month.
Overview
The property consists of a 10.50-acre corner parcel that includes a 3,051-square-foot single-story office building with three bathrooms. The existing structure sustained flood damage during Hurricane Helene, and may be renovated for immediate occupancy or repurposed. The site is set up for redevelopment and flexible development planning based on the underlying zoning and land-use designations.
Located at a signalized intersection on Bayshore Boulevard and Palm Boulevard in Dunedin, the site is positioned directly adjacent to the Pinellas Trail. The property also benefits from exposure to Bayshore Boulevard (Alternate US-19), with traffic counts averaging approximately 20,200 vehicles per day. The Pinellas Trail attracts an estimated 70,000 users per month, and Stirling Park with its golf driving range is located directly across Palm Boulevard.
Zoned Neighborhood Business (NB) and designated Retail & Services Limited (R&SL), the property allows a range of uses without requiring zoning or land-use changes. Potential uses cited include multi-family residential, assisted living facilities, bed and breakfast accommodations, retail establishments, live-work units, financial institutions, and professional and medical offices. This combination of a visible corner location, trail adjacency, and flexible zoning makes the site a practical option for buyers focused on redevelopment planning or an office conversion/renovation strategy.
Located at a signalized intersection on Bayshore Boulevard and Palm Boulevard in Dunedin, the site is positioned directly adjacent to the Pinellas Trail. The property also benefits from exposure to Bayshore Boulevard (Alternate US-19), with traffic counts averaging approximately 20,200 vehicles per day. The Pinellas Trail attracts an estimated 70,000 users per month, and Stirling Park with its golf driving range is located directly across Palm Boulevard.
Zoned Neighborhood Business (NB) and designated Retail & Services Limited (R&SL), the property allows a range of uses without requiring zoning or land-use changes. Potential uses cited include multi-family residential, assisted living facilities, bed and breakfast accommodations, retail establishments, live-work units, financial institutions, and professional and medical offices. This combination of a visible corner location, trail adjacency, and flexible zoning makes the site a practical option for buyers focused on redevelopment planning or an office conversion/renovation strategy.
Local 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 | $79.4k | $26.04 |
| − Vacancy | −$16.3k | −$5.34 |
| EGI | $63.2k | $20.70 |
| − OpEx | −$15.8k | −$5.18 |
| NOI | $47.4k | $15.53 |
3,051 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$676.7K
$592.1K – $789.5K
NOI $47,371 @ 7.0% cap · market cap 6.32%
Second Best
Healthcare Medical
$402.0K
$351.8K – $469.0K
NOI $28,140 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$793.6K
$694.4K – $925.9K
NOI $55,551 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Property Tax Advisors, ...
Tax Preparation
William J Kimpton ...
Law Firm
Kelly & Kelly LLP
Law Firm
Paul A Gelep PA
Law Firm
Location Insight
- Map
- Local Demand
- City
- Dunedin
- County
- Pinellas
- State
- Florida
- Longitude
- -82.782188
- Latitude
- 28.040488
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Signalized corner parcel with an existing single-story office building and Neighborhood Business zoning for flexible redevelopment options.
Where is this office building located?
The property is located at 605 PALM BOULEVARD Dunedin, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 0.50‑acre (21,714 SF) signalized corner parcel at Bayshore Blvd and Palm Blvd in Dunedin, FL.; Neighborhood Business (NB) zoning with Retail & Services Limited (R&SL) designation supporting a variety of uses.; Includes a 3,051 SF single‑story office building (built in 1965) with 3 bathrooms.
