609 Indian Rocks Rd, Belleair, FL 33756
- Office buildings
- 5,243 SF
- 0.44 lot acres
Current Use by Public Records
- Office buildings
Property Details for 609 Indian Rocks Rd
- Year built
- 1971
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.44 lot acres
- Property type
- Office buildings
- APN
- 21-29-15-08640-000-0240
- APU
- 212915086400000240
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 21, 2022 | $1,944,000 | 609 Irr Holdings LLC | Winterset Realty LLC | Special Warranty Deed | — |
| Nov 2, 2017 | $915,000 | Winterset Realty LLC | Sarandaporou Partners INC | Warranty Deed | $1.6M · Centerstate Bank Of Florida NA |
Description
This exceptional 5,243 square foot medical/office building is situated on a desirable 0.44-acre lot in Belleair, Florida. The property boasts a brand-new tile roof and is currently leased to a long-term tenant, providing immediate and consistent income. Its prime location directly across from the Belleair Country Club golf course ensures high visibility and accessibility. The building features a spacious rear parking lot, providing ample parking for both staff and clients, with convenient access to the main entrance. The exceptionally large lot size offers significant potential for future expansion or development. The property is a true NNN lease, meaning the tenant is responsible for most operating expenses, minimizing the owner's ongoing responsibilities. This turnkey investment opportunity presents a rare chance to acquire a well-maintained, high-demand medical office building in a prestigious location. The existing long-term lease provides immediate cash flow, making this an attractive option for investors seeking a stable and profitable addition to their portfolio. The property's size and location make it an ideal investment for those seeking a strong return on investment in a thriving community. The combination of a desirable location, a long-term tenant, and a low-maintenance structure makes this a truly exceptional opportunity. Do not disturb the tenant.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,065,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,680,000
- 6.5%
- $1,550,000
- 7%
- $1,440,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,331,000
- AI Estimate
- $1,331,000
Market price range: $541k - $1.33MMarket price range: $541k - $1.33M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,090,000
- APARTMENT HOUSE (5+ UNITS)
- $1,050,000
- NEIGHBORHOOD: SHOPPING CENTER
- $925,000
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Location Insight
- Map
- Local Demand
- City
- Belleair
- County
- Pinellas
- State
- Florida
- Longitude
- -82.8037
- Latitude
- 27.9438
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
