125 Indian Rocks RdBelleair Bluffs, FL 33770

  • Office properties
  • 18,127 SF
For Lease
$312/SF/YR View listing

Property Details for 125 Indian Rocks Rd

Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.90 AC
Property size (Sq ft)
18,127 SF
Property type
Office properties
Property subtype
Office buildings
APN
32-29-15-88434-001-0010
APU
322915884340010010

Description

This Belleair Bluffs, FL office building offers 5,500 square feet of immediately available space on the second floor of a well-maintained Class A building. The 18,127 square foot building, constructed in 1962, sits on a 1.9-acre lot and features a two-story design. The property boasts excellent visibility and convenient access to numerous local businesses, residential areas, and tourist attractions. Its central location places it within walking distance of Publix, Walgreens, City Hall, and various shops and restaurants. The building includes 31 total parking spaces and an elevator. A significant portion of the building is already occupied by long-term tenants, including Bank of America on the first floor and another credit tenant on the second floor, ensuring a stable and desirable environment. The available space is ideal for owner-occupancy or leasing to an additional tenant, offering a flexible and attractive opportunity in a thriving community. The space ranges from approximately 5,000 to 5,800 square feet. This property presents a unique opportunity to secure prime office space in a highly sought-after location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,533,822
    6.5%
    $3,261,990
    7%
    $3,028,990
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,999,046
    Geo Method
    $1,999,046
  • Alternative Use

    Use
    Valuation
    Residential
    $4,044,867
    Hospitality
    $3,705,076
    Educational
    $3,082,580
    Medical
    $3,188,595
    Retail
    $4,795,124
125 Indian Rocks Rd, Belleair Bluffs, Florida

Location Insight

City
Belleair Bluffs
County
Pinellas
State
Florida
Latitude
27.9177
Longitude
-82.8161
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
$44,979
-
-
$2,400,000
-
$1,032,445
$1,367,555
$2,400,000

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