Medical Office
For Sale
$180,000
611 DRUID Road E, Clearwater, FL 33756
Commercial Sale, CLEARWATER, FL
Property Size950 SF
Price / SF$189.47
Days on Market269
Property Features for 611 DRUID Road E
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
DRUHILL PROFESSIONAL
Directions
Take the Courtney Campbell bridge west down to Missouri Avenue - Head south on Missouri Avenue to Druid Road - Head west on Druid Road to address.
Standard status
Active
APN
16-29-15-22620-000-3030
Size
950 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
DRUHILL PROFESSIONAL CENTER CONDO PHASE III, UNIT 303
Tax Annual Amount
2060
Legal Description
DRUHILL PROFESSIONAL CENTER CONDO PHASE III, UNIT 303
Utilities
Cooling system
Central Air
Building Details
Year built
1983
Floors in Building
1
Building materials
Block, Concrete
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(727) 282-1788
Listed By:
Chris Calhoon · License #3293399
(727) 542-9933
Added: Jan 22
Changed: Oct 16
Last Checked: Oct 18 at 8:06AM
MLS# TB8467700
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.
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Investment Insights
Based on property information with market context.
This 950-square-foot medical office condominium is located within a 62-unit commercial complex constructed in 1983. The building uses block and concrete construction, with central air conditioning and on-site parking. An adjacent 960-square-foot condominium is also available and may be acquired separately or together with this unit.
The property is positioned in downtown Clearwater, with hospitals, the courthouse, and beaches identified in the surrounding area. The location combines a professional office setting with access to established civic, medical, and coastal destinations.
The property is positioned in downtown Clearwater, with hospitals, the courthouse, and beaches identified in the surrounding area. The location combines a professional office setting with access to established civic, medical, and coastal destinations.
Key Highlights
- 950‑square‑foot medical office condominium
- Adjacent 960‑square‑foot condo also available
- Located within a 62‑unit commercial complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,517
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,340
$250.3K
Cap Rate 7%
$178,814
$178.8K
Cap Rate 9%
$139,078
$139.1K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$22.8K $24.00/SF
− Vacancy
−$1.9K −$2.04/SF
EGI
$20.9K $21.96/SF
− OpEx
−$8.3K −$8.78/SF
NOI
$12.5K $13.18/SF
Area
Clearwater, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,340
Cap Rate 7%
$178,814
Cap Rate 9%
$139,078
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,009
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Court Street Animal Hospital — 1000 Court St, Clearwater, FL 33756
Frequently Asked Questions
What type of property is this?
Medical Office Space - Concrete construction, central air, and on-site parking support professional use in a multi-tenant Clearwater complex.
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: 950‑square‑foot medical office condominium; Adjacent 960‑square‑foot condo also available; Located within a 62‑unit commercial complex
