Financial
Distress signals
Property profile

609 Indian Rocks Rd Clearwater, FL 33756

FOR SALE
Office buildings
Property ID
US18-5422048
5,243 SF 0.44 ac lot Built 1971
Last sale May 2022 · $1,944,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property in Belleair is a medical/office building with a replaced tile roof and a site that is located directly across from the Belleair Country Club golf course. It occupies an approximately half-acre lot and includes a building area of 5,243 square feet. The site features landscaping and a large rear parking lot that provides access to the business entrance.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$31k
Tax billed · 2023
Assessed value$1.56M
Effective rate1.99%

Value estimate

· Sep 2026
$1.07M
$959k – $1.17M
CAP approach$1.55M
Submarket $/SF estimate$1.33M
NOI build-up
Gross scheduled income$137k
Vacancy & credit loss−$11k
Operating expenses−$32k
NOI · 3.86% cap applied$95k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$170/SF
ZIP average, outlier-cleaned · 122 recorded sales of this use type
Observed band · Q1–Q3$103 – $254
Qualifying comparables5

Cap rate analysis

How does the asset earn?
3.86%
$95k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPINELLAS

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store10.4
Barber Shop9.9
Pharmacy9.8

Location

609 Indian Rocks Rd Clearwater, FL 33756
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1201 Myrtle, Clearwater, FL 33756-3424 $1,200,000 Nov 2024 3,561 SF
1569 Missouri, Clearwater, FL 33756-7219 $1,270,000 Oct 2024 3,540 SF
510 Druid E, Clearwater, FL 33756-3950 $1,200,000 Sep 2024 8,530 SF
806 Franklin, Clearwater, FL 33756-5514 $1,000,000 Jul 2024 4,572 SF
1430 Ct, Clearwater, FL 33756-6147 $512,500 Jun 2024 3,060 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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