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Property profile & analytics
FOR SALE
Office buildings

609 Indian Rocks Rd Belleair, FL 33756

5,243 SF 0.44 ac lot Built 1971
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-5422048
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1971
Construction CONCRETE BLOCKS
Total area 5,243 SF
Lot 0.44 ac (18,975 SF)
APN 21-29-15-08640-000-0240
UPID US18-5422048
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.55M
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$1.53M
Owner & transaction history
609 Irr Holdings LLC · 4 yrs held
609 Irr Holdings LLC
since 2022
Last sale
$1.9M
2 recorded transactions
2022
$1.9M
2017
$915,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.1M +22.6%
Apartment house (5+ units) $1.1M +18.0%
Neighborhood: shopping center $925,000 +3.8%
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