Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4625 E Bay Dr Clearwater, FL 33764

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Well-maintained office complex with spaces for lease.

    Type:Office
    Property size:
    2,686 SF
    Added:
    Mar 24, 2023
    Days on Market:
    1120
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 4625 E Bay Dr

    General Information

    Standard status
    Active
    Size
    2,686 SF
    Property subtype
    Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 4625 E Bay Dr Contact us

    Suite 103 $18 /Mo

    Size
    2,686 SF
    Type
    Office
    Contact us

    Unit 314 $18 /Mo

    Size
    1,139 SF
    Type
    Office
    Contact us

    Suite 109 $18 /Mo

    Size
    1,458 SF
    Type
    Office
    This office offers, 2 front doors, a lobby, 3 large offices, 2 bathrooms and a large...
    show more
    Contact us

    Suite 205 $18 /Mo

    Size
    1,205 SF
    Type
    Office
    Contact us

    Suite 211 $18 /Mo

    Size
    1,190 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Ben Kreloff

    Listing agent Ben Kreloff License #FL 261521569

    Listing office Ben Kreloff

    Listing date Mar 24, 2023

    Source Crexi

    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 Ben Kreloff

    Overview

    Professional Office Space Available

    This well-established and nicely maintained office complex comprises three buildings, offering over 62,000 square feet of professional office space. Office spaces are currently available for lease, ranging in size from 1,190 square feet to 2,686 square feet. The property benefits from excellent visibility, easy access, and ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Care Ride LLC Freight Service Haas & Castillo, PLLC Law Firm Harper Insurance Group, ... Insurance Agency Charles M. Hicks ... Insurance Agency Surgery Consultants of Clearwater Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -82.7392635
    Latitude
    27.915395

    Nearby Similar for Lease

    • $170,928/mo

      Renovated Commercial Building in Clearwater

      Completely renovated commercial building suitable for various business types.
      1710 N FORT HARRISON AVENUE, CLEARWATER, FL 33755
      View Details
    • $104,786/mo

      Upscale Office and Retail Space

      Professional office and retail spaces available in landmark Belleair location.
      1465 S FORT HARRISON AVENUE, CLEARWATER, FL 33756
      View Details
    • $18/mo

      Clearwater Medical Office Space Available

      Prime medical office space in Clearwater near Morton Plant Hospital.
      1005 PINELLAS STREET, CLEARWATER, FL 33756
      View Details
    • Contact for pricing

      Professional Office Space in Clearwater

      Professional office suites available for lease in Clearwater, Florida.
      13246 38TH STREET N, CLEARWATER, FL 33762
      View Details
    • Contact for pricing

      Professional Space in Clearwater, FL

      Versatile 372 sq ft space suitable for various business uses.
      13246 38TH STREET N, CLEARWATER, FL 33762
      View Details
    • Contact for pricing

      Professional Space in Clearwater, FL

      Versatile 755 sqft office space suitable for various businesses.
      13246 38TH STREET N, CLEARWATER, FL 33762
      View Details
    • $3/mo

      Luxury Medical Office Space Available

      Renovated medical office space for lease or sale in Clearwater.
      13555 AUTOMOBILE Blvd 200, Clearwater, FL 33762
      View Details
    • Contact for pricing

      FL, Clearwater - Countryside Corporate Ctr

      2536 Countryside Blvd, Clearwater, FL 33763
      View Details
    • Sponsored
      Contact for pricing

      FL, Clearwater - Tech Data Dr

      5225 Tech Data Dr, Clearwater, FL 33760
      View Details
    • Contact for pricing

      FL, Clearwater - US Highway 19N

      29399 Us Highway 19, Clearwater, FL 33761
      View Details
    • $11/mo

      Clearwater Medical Space on Gulf

      13,000 SF medical space on busy Gulf to Bay.
      1685 Gulf to Bay Boulevard, Clearwater, FL 33755
      View Details
    • Contact for pricing

      Clearwater Office Space For Lease

      Recently renovated office space with prominent signage and ample parking.
      311 Park Place Blvd, Clearwater, FL 33759
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained office complex with spaces for lease.
    Where is this office building located?
    The property is located at 4625 E Bay Dr Clearwater, FL.
    What are key features of this property?
    This property features: Well‑established office complex with over 62,000 sq ft of professional office space.; Offices for lease ranging from 1,190 sq ft to 2,686 sq ft.; Excellent visibility.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ben Kreloff
    Real Estate License ID: FL 261521569
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!