609 Indian Rocks RdBelleair, FL 33756

Property Details for 609 Indian Rocks Rd

Year built

1971

Construction

CONCRETE BLOCKS

Lot size

0.44 AC

Property size (Sq ft)

5,243 SF

Property type

Office properties

Property subtype

Office buildings

APN

21-29-15-08640-000-0240

APU

212915086400000240

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,022,112

  6.5%

  $943,488

  7%

  $876,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $578,198

  Geo Method

  $578,198

• Alternative Use

  Use

  Valuation

  Residential

  $1,169,925

  Hospitality

  $1,071,645

  Educational

  $891,596

  Medical

  $922,260

  Retail

  $1,386,928

Location Insight

City

Belleair

County

Pinellas

State

Florida

Latitude

27.9438

Longitude

-82.8037

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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