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    1250 Rogers St Clearwater, FL 33756

    For Sale
    $1,400,000

    12-Unit Medical/Executive Office Building, High CAP Rate

    Property size:
    9,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 12-unit office building presents a compelling investment opportunity in Clearwater, Florida. Boasting 9,360 square feet, this Class B property, built in 1973 and extensively renovated in 2023, offers a blend of medical and executive office spaces. The asking price is $1,400,000, translating to $149.57 per square foot. All units are individually metered for electricity, providing efficient utility management. The property features Spanish Garden architecture and includes two oversized parking lots, adding significant value. Currently, ten of the twelve units are on month-to-month leases, offering flexibility for future income growth. The property's prime location in Clearwater, minutes from the beach, benefits from the ongoing Imagine Clearwater revitalization project, a multi-million dollar investment transforming the downtown waterfront. This project includes a new amphitheater, expanded park space, and improved waterfront access, promising increased foot traffic and property value appreciation. The projected capitalization rate is in the double digits, making this a highly attractive investment for discerning buyers seeking strong returns in a thriving coastal market. This is a rare opportunity to acquire a well-maintained, income-producing asset with significant upside potential in a rapidly developing area.

    Property Features for 1250 Rogers St

    General Information

    Property type
    Medical offices
    Square Feet
    9,360 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1973/2023
    Units
    12

    HighLights

    • 12‑Unit Office Center
    • Spanish Garden Architecture
    • Mostly Month‑to‑Month Tenants (Two Exceptions)
    • Two Oversized Parking Lots Included
    • High Value‑Add Potential, Double‑Digit Cap Rate Expected
    • Separate Electric Meters for Each Unit
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Decuypere J D ... Chiropractor Decuypere Chiropractic & Family ... Chiropractor Center For Men's Health Men'S Health Physician Bay Health LLC Home Health Care Service Capetronics Inc Electronics Repair Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7846808
    Latitude
    27.9602319

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    FAQs

    What type of property is this?
    Medical office - 12-Unit Medical/Executive Office Building, High CAP Rate
    Where is this medical office located?
    The property is located at 1250 Rogers St Clearwater, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 12-Unit Office Center; Spanish Garden Architecture; Mostly Month-to-Month Tenants (Two Exceptions)
    Request Owner's contact information
    1250 Rogers St Clearwater, FL 33756
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    Clearwater, FL 33756
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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
    1250 Rogers St Clearwater, FL 33756
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