Combined Office Condo
For Sale
$350,000
611 DRUID ROAD, Clearwater, FL 33756
Configured with private offices, meeting areas, a kitchen, and two bathrooms.
Property Size1,935 SF
Price / SF$180.88
Days on Market175
Property Features for 611 DRUID ROAD
General Information
Standard status
Active
Size
1,935 SF
Property subtype
Office
Additional Details
HOA Fee
$1,181
Office Units
1
Taxes and HOA fees
Annual Taxes
$1,911
Amenities
Central Air
3
Shared Driveway.
City Road, Paved Road.
Building Details
Year Built
1983
Stories
1
Parking Ratio
4 per 1,000 SF
Listing Agency:
HOMEFRONT REALTY
(727) 641-4444
Listed By:
DJ Northrop · License #3579962
Source:
Xome
Added: Feb 10
Changed: Aug 2
Last Checked: Aug 4 at 4:10AM
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 HOMEFRONT REALTY
Investment Insights
Based on property information with market context.
This 1,935-square-foot office condominium combines Units 707 and 708 into a functional professional workspace. The interior includes five private offices, a conference room, a separate meeting area, a lobby, a kitchen, and two bathrooms, including one with a shower. A sizable storage room provides additional utility and could be adapted as a sixth private office.
The property is in Downtown Clearwater near the Courthouse and Morton Plant. The professionally maintained office park provides shared parking at a ratio of 4 spaces per 1,000 square feet. The configuration is suited to professional office operations, medical office use, or an organization’s headquarters.
The property is in Downtown Clearwater near the Courthouse and Morton Plant. The professionally maintained office park provides shared parking at a ratio of 4 spaces per 1,000 square feet. The configuration is suited to professional office operations, medical office use, or an organization’s headquarters.
Key Highlights
- 1,935 SF office condominium combining Units 707 and 708
- Five private offices plus conference and meeting areas
- Two bathrooms, including one with a shower
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 | $46.4k | $24.00 |
| − Vacancy | −$3.9k | −$2.04 |
| EGI | $42.5k | $21.96 |
| − OpEx | −$17.0k | −$8.78 |
| NOI | $25.5k | $13.18 |
1,935 SF · lease $24.00/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$498.3K
$436.0K – $581.4K
NOI $34,881 @ 7.0% cap · market cap 9.97%
Second Best
Healthcare Medical
$364.2K
$318.7K – $424.9K
NOI $25,496 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$542.9K
$475.0K – $633.4K
NOI $38,002 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,505
Businesses Nearby
Explore this area
Business Placement
Demographics for 33756, FL
31,807
Population
15,474
Households
2.1
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
7.2 sq mi
ZIP Area
4,418
Density / Sq Mi
$63,990
Median Household Income
$38,563
Median Earnings
$1,382
Median Rent
$335,800
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 - Configured with private offices, meeting areas, a kitchen, and two bathrooms.
Where is this office units located?
The property is located at 611 DRUID ROAD Clearwater, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,935 SF office condominium combining Units 707 and 708; Five private offices plus conference and meeting areas; Two bathrooms, including one with a shower
