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    OFF-MARKET
    Office Spaces

    1243 Myrtle Ave, Clearwater, FL 33756

    10,000 SF 3.18 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Office Spaces
    Total area 10,000 SF
    Lot 3.18 ac (138,521 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Anika Toor, MD Physician
    • Hayes & Sons HVAC Solutions HVAC Service General Contractor
    • Joel Rivera-Rodriguez, MD Physician
    • Sara E Cruz-Luna, MD Physician
    • Optum - Myrtle Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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