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Property profile & analytics
OFF-MARKET
Office Spaces

2600 Mccormick Dr Clearwater, FL 33759

146,390 SF 12.57 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents two Class A office buildings totaling 146,390 square feet, situated on 12.57 acres in Clearwater, Florida. The property, comprised of 2600 and 2650 McCormick Drive, boasts 788 parking spaces (a 5.4/1,000 SF ratio). Built in 1989 and renovated between 2014 and 2015, the complex includes three structures: a multi-tenant building at 2600 McCormick Drive (75,684 SF), which serves as the headquarters for a major NYSE-listed company, and a single-tenant building at 2650 McCormick Drive (70,706 SF), currently occupied by AmeriLife under a long-term lease extending to 2033. A three-story, 288-space parking garage connects the two main buildings. The property enjoys a prime location, directly adjacent to US Highway 19, offering excellent access and visibility. Clearwater's desirable location within the Greater Tampa MSA, near Clearwater Beach and Downtown Tampa, contributes to its strong appeal. The property's 2023 Net Operating Income (NOI) is estimated at $1,640,000. This is a multi-tenant, NNN lease property, currently privately equity owned and ideal for corporate headquarters.

Property profile
Verified
Property type Office Spaces
Total area 146,390 SF
Lot 12.57 ac (547,549 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
  • Gallagher Bassett Services Insurance Agency
  • Alfred Olson Physician
  • 2600 & 2650 Mccormick Dr Holding Company
  • Heritage Property & Casualty Company Financial Advisor Insurance Agency
  • Newcoast Loan Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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