601 Belcher Rd Clearwater, FL 33764-6301
Property profile & analytics
601 Belcher Rd Clearwater, FL 33764-6301
- Office buildings
- 6,978 SF
- 0.57 lot acres
Property ID
US18-5507700
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Robson Eye Institute / Ophthalmologist
- Allison Dickson / Physician
- Sheila Pabon / Ophthalmologist
- Roger Gstalder / Ophthalmologist
- Allison Page Dickson / Physician
Property Details for 601 Belcher Rd
- Year built
- 1989
- Construction
- FRAME
- Lot size
- 0.57 lot acres
- Property size
- 6,978 SF
- Property type
- Office buildings
- APN
- 18-29-16-92650-000-0010
- APU
- 182916926500000010
Description
This fee-simple, single-tenant medical office building in Clearwater, Florida, offers a compelling investment opportunity. The 7,092 square foot building, constructed in 1989, sits on a 0.57-acre lot and is currently 100% occupied by Robson Eye Institute under a triple-net (NNN) lease expiring March 31, 2030, with two five-year renewal options. The property boasts a 5.53% cap rate and a strong remaining lease term of 5.4 years. Located at 601 S Belcher Rd, Clearwater, FL 33764, the building benefits from a high-traffic location on Belcher Road, directly off Gulf-to-Bay Boulevard, a major east-west corridor in Pinellas County with over 69,300 cars passing daily. The property's proximity to Clearwater Beach and Tampa, along with its location within a densely populated area (over 257,000 residents within 5 miles), ensures high visibility and accessibility. The tenant, Robson Eye Institute, a subsidiary of Southeastern EyeCare Group, demonstrates financial stability and long-term commitment to the location. The lease includes annual base rent increases of 3%, and the tenant reimburses management and administrative fees. The building is zoned for medical office use and presents minimal landlord responsibilities, limited to roof and structure maintenance. This investment is ideal for those seeking a stable, passive income stream with significant upside potential. The property's essential business nature and strong demographics further enhance its investment appeal.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,719,000
- AI Estimate
- $1,719,000
Market price range: $868k - $1.92MMarket price range: $868k - $1.92M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,310,000 Current use
- RETAIL STORES
- $1,450,000 Change: +11% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,420,000 Change: +9% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,230,000 Change: -6% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,190,000 Change: -9% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.745
- Latitude
- 27.9584
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,369
$0.00
$0.00
$1,185,000
-
$536,177
$648,823
$1,185,000
