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    611 DRUID ROAD E Clearwater, FL 33756

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    For Sale
    $1,776,000

    Office - CLEARWATER, FL

    Type:Office
    Property size:
    9,600 SF
    Lot size:
    5.39 Acres
    Price / SF:
    $185/SF
    Added:
    May 1, 2026
    Days on Market:
    2
    Last Refresh:
    May 2 at 2:06 am

    Property Features for 611 DRUID ROAD E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    O - OFFICE
    Standard status
    Active
    APN
    16-29-15-22620-000-1010
    Size
    9,600 SF
    Lot size
    5.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    20779

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Architectural style
    Other

    We can help!

    Listing Contact
    Alexander Lucke

    Listing agent Alexander Lucke License #3351552

    Listing office KELLER WILLIAMS TAMPA PROP. 5020 W Linebaugh Ave, Tampa, FL

    Listing date May 1, 2026

    MLS# TB8503992 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.

    Overview

    Clearwater Office Condominium Opportunity

    Located within Druhill Professional Center, this property offers up to approximately 9,600 square feet of contiguous first-floor office condominium space. The property comprises ten individual office condominium units that have been combined to create a larger professional office footprint. The current layout features a mix of private offices, meeting rooms, conference areas, reception and waiting areas, open work areas, storage, restrooms, and support spaces. This provides flexibility for various professional or medical office users. Ownership is open to selling the property as a full package or in smaller configurations starting around approximately 1,800 square feet. Potential delineations will be reviewed based on the buyer’s desired square footage, office configuration, and intended use, with final groupings subject to ownership approval. Individual condo units range from approximately 900 to 975 square feet, allowing for multiple potential configurations based on a buyer’s needs. The property can accommodate an owner-user seeking a larger Clearwater office presence, a medical or professional services group, or an administrative user. Situated in an established professional office setting near Downtown Clearwater, the property provides an alternative for buyers seeking ownership instead of leasing.
    Property Profile Insight Report 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

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.797799
    Latitude
    27.956358

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    FAQs

    What type of property is this?
    Office units - Contiguous office condominium space available for sale in Clearwater, Florida.
    Where is this office units located?
    The property is located at 611 DRUID ROAD E Clearwater, FL.
    What is the asking price?
    The asking price for this property is $1,776,000.
    What are key features of this property?
    This property features: Up to ±9,600 SF of contiguous first‑floor office condominium space available.; Flexible layout suited for professional or medical office users.; Opportunity to purchase instead of lease in an established professional office setting near Downtown Clearwater.
    (727) 410-2896
    We can help!
    Listing Contact
    Alexander Lucke
    Real Estate License ID: 3351552
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    611 DRUID ROAD E, CLEARWATER, FL 33756

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