Flex Space with Office and
New
For Sale
$940,000
620 UNION Street, Dunedin, FL 34698
Commercial Sale, DUNEDIN, FL
Property Size3,600 SF
Lot Size0.19 Acres
Price / SF$261.11
Days on Market3
Property Features for 620 UNION Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
DEXTER PARK 1ST ADD
Lot features
City Limits, Sidewalk
Directions
From US-19, head west on Sunset Point Road, turn right onto Keene Road (CR-1), then turn left onto Union Street. Continue past Highland Avenue to 620 Union Street.
Standard status
Active
APN
34-28-15-21060-000-1080
Size
3,600 SF
Lot size
0.19 Acres
Additional Details
Tenant in Place
Yes
Property Use
Light Industrial
Taxes and HOA fees
Tax Year
2025
Tax Description
DEXTER PARK 1ST ADD LOT 108
Tax Annual Amount
10825
Legal Description
DEXTER PARK 1ST ADD LOT 108
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Concrete
Building materials
Metal Frame, Metal Siding
Roof type
Membrane
Listing Agency:
LAUREN MICHAELS R.E. PARTNERS
(727) 298-8888
Listed By:
Tiffany Novitsky · License #3405611
(323) 804-5043
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:06PM
MLS# TB8562520
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 3,600-square-foot flex property on 0.19 acres combines office and warehouse space. Separate entrances and utility meters serve the configuration, which also includes rear warehouse access. The building was constructed in 1971 and has concrete and vinyl flooring, central heating and air conditioning, and a membrane roof replaced in 2023. City water and public sewer serve the property.
The property is in Dunedin, within the surrounding Pinellas County market. It is currently leased with contractual annual rent increases of 3%. A separate 1,200-square-foot unit is also listed for lease.
The property is in Dunedin, within the surrounding Pinellas County market. It is currently leased with contractual annual rent increases of 3%. A separate 1,200-square-foot unit is also listed for lease.
Key Highlights
- 3,600 square feet on 0.19 acres
- Office and warehouse areas with separate entrances and utility meters
- Rear warehouse access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,570
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,400
$651.4K
Cap Rate 7%
$465,286
$465.3K
Cap Rate 9%
$361,889
$361.9K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$53.1K $14.76/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$50.1K $13.92/SF
− OpEx
−$17.5K −$4.87/SF
NOI
$32.6K $9.05/SF
Area
Pinellas County, FL
Vacancy
5.70%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,400
Cap Rate 7%
$465,286
Cap Rate 9%
$361,889
Alternative Uses
Best Use
Flex RnD
$465.3K
$407.1K – $542.8K
NOI $32,570 @ 7.0% cap · market cap 3.46%
Second Best
Warehouse
$433.1K
$379.0K – $505.3K
NOI $30,317 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$936.4K
$819.3K – $1.09M
NOI $65,547 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34698, FL
38,010
Population
22,016
Households
1.7
Avg Household Size
56
Median Age
36%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
3,394
Density / Sq Mi
$67,323
Median Household Income
$44,747
Median Earnings
$1,571
Median Rent
$335,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Chattatater — 1841 N Highland Ave, Clearwater, FL 33755
- Chocolate Fountain Productions Catering — 1141 Sunset Point Rd, Clearwater, FL 33755
- Suncoast Lemonade — 250 New York Ave, Dunedin, FL 34698
- East Coast Catering — 422 Patricia Ave, Dunedin, FL 34698
Frequently Asked Questions
What type of property is this?
Flex space - A leased commercial property combines office and warehouse areas with separate entries and utility meters.
Where is this flex space located?
The property is located at 620 UNION Street Dunedin, FL.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: 3,600 square feet on 0.19 acres; Office and warehouse areas with separate entrances and utility meters; Rear warehouse access
