Downtown Clearwater Office
611 DRUID ROAD E #707 & 708 Clearwater, FL 33756
611 DRUID ROAD E #707 & 708, Clearwater, FL, 33756
$350,000
For Sale
$350,000
Professional office condo in downtown Clearwater near courthouse.
Property Size1,935 SF
Lot Size1.16 Acres
Price / SF$180.88
Days on Market158
Property Features for 611 DRUID ROAD E #707 & 708
General Information
- Standard status
- Active
- Size
- 1,935 SF
- Lot size
- 1.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1983
Listing agency
HOMEFRONT REALTY
(727) 641-4444
Listed by
DWAYNE NORTHROP · License #3579962
Source
Corcoran
Added: Feb 13 Updated: Jul 10 at 12:54PM Checked: Jul 21 at 4:45AM
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.
Located in downtown Clearwater near the Courthouse and Morton Plant, this professional office condo offers 1,935 square feet of space. The combined units 707 and 708 feature 5 private offices, a conference room, an additional meeting area, and two bathrooms, one of which includes a shower. A kitchen, lobby, and generously sized storage room, which could serve as a smaller 6th private office, are also included. The property provides ample parking with 4 spaces per 1,000 square feet. Condo fees of $1,181 cover building maintenance, roof, landscaping, sewer, trash, water, management fees and reserves, as well as liability and casualty insurance. The park is well maintained. This property is suitable for a medical or professional office, such as a CPA or lawyer, or an organization's headquarters.
Key Highlights
- Prime Downtown Clearwater location near the Courthouse and Morton Plant Hospital.
- Spacious 1,935 sq/ft combined unit with 5 private offices, conference room, meeting area, and ample storage (potential 6th office).
- Two bathrooms, including one with a shower, and a full kitchen.
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Professional office condo in downtown Clearwater near courthouse.
Where is this office units located?
The property is located at 611 DRUID ROAD E #707 & 708 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: Prime Downtown Clearwater location near the Courthouse and Morton Plant Hospital.; Spacious 1,935 sq/ft combined unit with **5 private offices, conference room, meeting area, and ample storage** (potential 6th office).; Two bathrooms, including one with a shower, and a full kitchen.
