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    1243 Myrtle Ave Clearwater, FL 33756

    For Sale
    Contact for pricing

    Multi-Tenant Medical Office Complex, High Occupancy

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents the Myrtle Executive Center, a stabilized, multi-tenant office complex in the heart of Downtown Clearwater, Florida. Comprising three single-story buildings totaling 10,000 to 38,492 square feet, this property boasts 97% occupancy with a diverse tenant mix of 18 businesses. A significant anchor tenant, OptumCare/DaVita, occupies 9,932 square feet, providing strong financial stability. Built in 1984 and 1998, with renovations completed in 2021, the property features ample parking and is situated on a 3.18-acre lot. The buildings are zoned O - Office, ensuring flexibility and future development potential. This prime location offers easy access to major transportation routes and a thriving commercial district. The property's strong occupancy rate, diverse tenant base, and recent improvements make it an attractive investment for those seeking a stable, high-performing asset in a desirable Florida market. The property addresses are 1243 S Myrtle Ave, 1225 S Myrtle Ave, and 1230 S Myrtle Ave, Clearwater, FL 33756, within Pinellas County.

    Property Features for 1243 Myrtle Ave

    General Information

    Property type
    Medical offices
    Square Feet
    10,000 SF
    Lot Size
    138,521 SF

    Building Details

    Year Renovated
    2021
    Buildings
    3
    Stories
    1

    HighLights

    • Stabilized multi‑tenant office investment opportunity in Clearwater, FL.
    • Three single‑story buildings totaling 10,000 - 38,492 square feet.
    • 97% occupancy with 18 tenants, including major tenant DaVita.
    • Recently renovated in 2021; buildings constructed in 1984 and 1998.
    • 3.18‑acre lot with ample parking, located in Downtown Clearwater with O‑Office zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anika Toor, MD Internist Hayes & Sons HVAC ... Hvac Contractor Joel Rivera-Rodriguez, MD Internist Sara E Cruz-Luna, ... Internist Optum - Myrtle Medical Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7953802
    Latitude
    27.9521983

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    FAQs

    What type of property is this?
    Medical office - Multi-Tenant Medical Office Complex, High Occupancy
    Where is this medical office located?
    The property is located at 1243 Myrtle Ave Clearwater, FL.
    What are key features of this property?
    This property features: Stabilized multi-tenant office investment opportunity in Clearwater, FL.; Three single-story buildings totaling 10,000 - 38,492 square feet.; 97% occupancy with 18 tenants, including major tenant DaVita.
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    Realmo Value Estimation

    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.

    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.

    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
    1243 Myrtle Ave Clearwater, FL 33756
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