Contiguous First-Floor Office
611 Druid Road E Unit 101-110 Clearwater, FL 33756
611 Druid Road E Unit 101-110, Clearwater, FL, 33756
$1,776,000
For Sale
$1,776,000
Contiguous first-floor office condominium space with flexible private office and meeting room configuration for professional or medical use.
Property Size9,600 SF
Price / SF$185
Days on Market79
Property Features for 611 Druid Road E Unit 101-110
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing Agency
KELLER WILLIAMS TAMPA PROPERTIES
(813) 264-7754
Listed by
Alexander Lucke · License #3351552
Source
Xome
Added: Apr 29 Checked: Jun 15 at 3:43 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 KELLER WILLIAMS TAMPA PROPERTIES
Investment Insights
Based on property information with market context.
611 Druid Road East offers contiguous first-floor office condominium space within Druhill Professional Center, presented as a combined option spanning Units 101 through 110. The current footprint includes a mix of private offices, meeting rooms, conference areas, reception or waiting space, open work areas, storage, restrooms, and related support rooms. This internal mix supports a variety of professional and owner-user requirements, including office, medical office, and administrative functions. The configuration is designed so buyers can evaluate the building based on the portions that best match their operational needs, with some areas leaning more private and others providing a more open or cubicle-style workflow.
The property is situated in an established professional office setting near Downtown Clearwater. While the full option is available as an up-to footprint of up to 9,600 SF across the combined units, ownership may consider smaller logical configurations beginning around 1,925 SF, subject to approval.
For tenants, buyers, or operators seeking flexibility without committing to a single size from day one, this setup allows for smaller acquisitions while preserving the option to add additional units later, depending on what space is required and how the intended office layout fits the selected units.
The property is situated in an established professional office setting near Downtown Clearwater. While the full option is available as an up-to footprint of up to 9,600 SF across the combined units, ownership may consider smaller logical configurations beginning around 1,925 SF, subject to approval.
For tenants, buyers, or operators seeking flexibility without committing to a single size from day one, this setup allows for smaller acquisitions while preserving the option to add additional units later, depending on what space is required and how the intended office layout fits the selected units.
Key Highlights
- Up to ±9,600 SF of contiguous first‑floor office condominium space in Druhill Professional Center
- Ten individual units (101–110) combined into one larger professional office footprint
- Flexible interior layout with private offices, meeting/conference areas, reception/waiting, open work areas, storage, and restrooms
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 | $230.4k | $24.00 |
| − Vacancy | −$19.6k | −$2.04 |
| EGI | $210.8k | $21.96 |
| − OpEx | −$84.3k | −$8.78 |
| NOI | $126.5k | $13.18 |
9,600 SF · lease $24.00/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $173,051 @ 7.0% cap · market cap 9.74%
Second Best
Healthcare Medical
$1.81M
$1.58M – $2.11M
NOI $126,490 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,535 @ 7.0% cap · market cap 10.62%
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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FAQs
What type of property is this?
Office units - Contiguous first-floor office condominium space with flexible private office and meeting room configuration for professional or medical use.
Where is this office units located?
The property is located at 611 Druid Road E Unit 101-110 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 in Druhill Professional Center; Ten individual units (101–110) combined into one larger professional office footprint; Flexible interior layout with private offices, meeting/conference areas, reception/waiting, open work areas, storage, and restrooms
