Leased NNN Medical Office
609 Indian Rocks Road BELLEAIR Clearwater, FL 33756
609 Indian Rocks Road BELLEAIR, Clearwater, FL, 33756
$2,450,000
For Sale
$2,450,000
Single-tenant NNN medical/office building with a newly tiled roof and convenient rear parking.
Property Size5,243 SF
Lot Size0.50 Acres
Price / SF$467.29
Days on Market11
Property Features for 609 Indian Rocks Road BELLEAIR
General Information
- Standard status
- Active
- Size
- 5,243 SF
- Lot size
- 0.50 Acres
Building Details
- Year Built
- 1971
Listing Agency
(407) 890-1354
Listed by
Danielle Ramesar
(407) 890-1354
Source
Therealestatecollection
Added: Jul 7 Checked: Jul 17 at 2:33 am
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 Danielle Ramesar
Investment Insights
Based on property information with market context.
This NNN medical/office building in Belleair is currently leased to a long-term tenant. The property features a new tile roof and has been updated with new landscaping. The building’s configuration supports medical or office use, and a large rear parking lot provides straightforward access to the business entrance.
The site sits at 609 Indian Rocks Road, Belleair, Florida, and is directly across the street from the Belleair Country Club golf course. The parcel is described as exceptionally large, at almost one-half acre, with a parking area located to the rear of the building designed for easy circulation and entry.
For buyers seeking a leased medical/office asset, this property offers an income-producing setup with an NNN structure and long-term occupancy. The combination of a newly installed tile roof, updated landscaping, and an oversized lot with rear parking can support tenant operations and everyday customer or patient access. The seller notes that the tenant is currently in place, so inspections should be coordinated accordingly.
The site sits at 609 Indian Rocks Road, Belleair, Florida, and is directly across the street from the Belleair Country Club golf course. The parcel is described as exceptionally large, at almost one-half acre, with a parking area located to the rear of the building designed for easy circulation and entry.
For buyers seeking a leased medical/office asset, this property offers an income-producing setup with an NNN structure and long-term occupancy. The combination of a newly installed tile roof, updated landscaping, and an oversized lot with rear parking can support tenant operations and everyday customer or patient access. The seller notes that the tenant is currently in place, so inspections should be coordinated accordingly.
Key Highlights
- Single‑tenant NNN medical/office building in Belleair
- New tile roof; 1‑story building on a 0.44‑acre corner lot
- Total building area of 5,243 SF with slab foundation (built in 1971)
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 | $136.5k | $26.04 |
| − Vacancy | −$10.5k | −$2.01 |
| EGI | $126.0k | $24.03 |
| − OpEx | −$31.5k | −$6.01 |
| NOI | $94.5k | $18.03 |
5,243 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.58M
NOI $94,511 @ 7.0% cap · market cap 3.86%
Second Best
Healthcare Medical
$986.9K
$863.5K – $1.15M
NOI $69,082 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $102,968 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Amanda Smay
Physician
Tiffanie Wong
Physician
Florida Dermatology and Skin ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Single-tenant NNN medical/office building with a newly tiled roof and convenient rear parking.
Where is this medical office space located?
The property is located at 609 Indian Rocks Road BELLEAIR Clearwater, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Single‑tenant NNN medical/office building in Belleair; New tile roof; 1‑story building on a 0.44‑acre corner lot; Total building area of 5,243 SF with slab foundation (built in 1971)
