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15500 Roosevelt Blvd Clearwater, FL 33760

Office buildings Google Maps
25,598 SF 1.71 ac lot Built 2001
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$5.17M
Range $4.65M – $5.69M (±10%)
Property ID US19-0856466

Property summary

AI-generated overview

The Roosevelt Office Center, under new ownership, offers exceptional office space in Pinellas County. Two suites are currently available: one measuring 1,861 square feet and another spanning 4,029 square feet. This strategically located building sits at the northwest corner of Roosevelt Boulevard and Bolesta Road, enjoying convenient proximity to US Highway 19 and 49th Street, and just one mile west of the St. Pete/Clearwater Airport. The building is ideally situated to benefit from the area's robust demographic profile, providing access to a large pool of skilled workers. Employees will appreciate the abundance of retail and service amenities within a two-mile radius. Camelot Community Care will be occupying the second floor, creating a collaborative environment welcoming non-profit organizations, for-profit businesses, and government entities. The building's new ownership is committed to enhancing the property, making it an attractive option for businesses seeking a modern and well-located office space in Pinellas County. The property is a traditional office building offering single tenancy options. Interested parties are encouraged to schedule a viewing. The total building square footage is not currently available.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2001
Construction CONCRETE BLOCKS
Total area 25,598 SF
Lot 1.71 ac (74,553 SF)
APN 33-29-16-40356-001-0010
UPID US19-0856466

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Financial Advisor
  • Home Health Care Service
  • Consultant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.79M
Blend (final) Blend
$5.17M

Owner & transaction history

since 2021
Last sale
$3.8M
7 recorded transactions
2021
$3.8M
2020
Price N/A
2017
Price N/A
2003
$2.7M
1998
$145,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $5.3M +10.7%
Apartment house (5+ units) $5.3M +10.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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