Medical Office Condo in
611 DRUID ROAD E Clearwater, FL 33756
611 DRUID ROAD E, Clearwater, FL, 33756
$180,000
For Sale
$180,000
Office - CLEARWATER, FL
Property Size950 SF
Price / SF$189.47
Days on Market175
Property Features for 611 DRUID ROAD E
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- APN
- 16-29-15-22620-000-3030
- Size
- 950 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2060
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1983
- Building materials
- Block, Concrete
- Architectural style
- Other
Listing Agency
SMITH & ASSOCIATES REAL ESTATE
(727) 282-1788
14581 Walsingham Road, Tampa, FL
Listed by
Chris Calhoon · License #3293399
(727) 542-9933
Added: Jan 22 Checked: Jul 16 at 7:06 pm
MLS# TB8467700
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office condo offers approximately 950 square feet of office space within a well-maintained 62-unit complex established in 1983. The seller also has an adjacent/connecting medical office condo of approximately 960 square feet available for purchase, and the units can be sold separately or together. Condo fees are reported as $524 per month and include water/sewer/garbage, exterior maintenance, and landscaping. Showings are by appointment only with 24 hours notice.
The property is located at 611 Druid Road E in Clearwater, Florida. Public remarks indicate it is positioned near downtown Clearwater area amenities, including hospitals, the courthouse, and beaches.
For tenants or owners seeking a manageable medical office setup inside a multi-unit condominium environment, this unit provides a defined commercial footprint with shared community services such as exterior maintenance and landscaping. The adjacent/connecting second condo presents an option to expand the medical office footprint if a larger contiguous space is desired, subject to buyer configuration and appointment scheduling.
The property is located at 611 Druid Road E in Clearwater, Florida. Public remarks indicate it is positioned near downtown Clearwater area amenities, including hospitals, the courthouse, and beaches.
For tenants or owners seeking a manageable medical office setup inside a multi-unit condominium environment, this unit provides a defined commercial footprint with shared community services such as exterior maintenance and landscaping. The adjacent/connecting second condo presents an option to expand the medical office footprint if a larger contiguous space is desired, subject to buyer configuration and appointment scheduling.
Key Highlights
- Prime location in downtown Clearwater near hospitals, courthouse, and beaches.
- Opportunity to purchase a 950 sq ft medical office condo.
- Well‑maintained complex with long‑term businesses and ample parking.
Local 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
Property Profile
Location Intelligence
Current Use by Public Records
Jay E. Carpenter, ...
Physician
Dr. Ashraf R. ...
Dental Office
ProVise Management Group ...
Financial Advisor
Attorney Gary Fernald
Law Firm
Walt Shurden Elder ...
Law Firm
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Similar Off Market Nearby
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FAQs
What type of property is this?
Medical Office Space - Medical office condo within a 62-unit complex, offering on-site parking and shared exterior maintenance.
Where is this medical office space located?
The property is located at 611 DRUID ROAD 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: Prime location in downtown Clearwater near hospitals, courthouse, and beaches.; Opportunity to purchase a 950 sq ft medical office condo.; Well‑maintained complex with long‑term businesses and ample parking.
