12 UNIT OFFICE COMPLEX 10%+ CAP PROFORMA | 1250 Rogers St
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12 UNIT OFFICE COMPLEX 10%+ CAP PROFORMA 1250 Rogers St
9,360 SF Office Building Clearwater, FL 33756 $1,300,000 ($139/SF) 10.17% Cap Rate
Investment Highlights
- 12-UNIT OFFICE CENTER
- ALL TENANTS ON MONTH TO MONTH EXCEPT FOR TWO
- ADD VALUE PROPERTY WILL BRING DOUBLE DIGIT CAP RATE
- SPANISH GARDEN ARCHITECTURE
- PROPERTY COMES WITH TWO OVERSIZED PARKING-LOTS
- SEPARATE ELECTRIC METERS
Executive Summary
a strategically positioned 12 unit office building priced aggressively. Investors will have substantial upside potential, coupled with a proforma double-digit capitalization rate. Nestled in the heart of Clearwater minutes from the beach, this property not only offers a prime location but also a lucrative return on investment. Sought-after coastal destination with a competitive purchase price and significant growth prospects, making it an ideal venture for savvy investors seeking a strategic and lucrative addition to their portfolio.
Downtown Clearwater is home to an exciting project called Imagine Clearwater, where the city is investing $84 million in the downtown waterfront, the celebration to this project will begin on June 28th with an entire week of events ending with the fireworks of the 4th of July as the grand finale! "The park is designed to connect the waterfront with downtown and will include a gateway plaza and bluff walk, 19 acres of park space, a pedestrian promenade along the Intracoastal Waterway, and a playground with splash pad. A focal point will be the 4,000-seat covered amphitheater with lawn space for 5,000 people. Ruth Eckerd Hall, which will operate the facility, last week unveiled the name of the venue will be The Sound." - Tampa Bay Times
Downtown Clearwater is home to an exciting project called Imagine Clearwater, where the city is investing $84 million in the downtown waterfront, the celebration to this project will begin on June 28th with an entire week of events ending with the fireworks of the 4th of July as the grand finale! "The park is designed to connect the waterfront with downtown and will include a gateway plaza and bluff walk, 19 acres of park space, a pedestrian promenade along the Intracoastal Waterway, and a playground with splash pad. A focal point will be the 4,000-seat covered amphitheater with lawn space for 5,000 people. Ruth Eckerd Hall, which will operate the facility, last week unveiled the name of the venue will be The Sound." - Tampa Bay Times
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$163,200
|
$8.21
|
| Other Income |
$720
|
$0.04
|
| Vacancy Loss |
$16,320
|
$0.82
|
| Effective Gross Income |
$147,600
|
$7.43
|
| Taxes |
$8,470
|
$0.43
|
| Operating Expenses |
$6,960
|
$0.35
|
| Total Expenses |
$15,430
|
$0.78
|
| Net Operating Income |
$132,170
|
$6.65
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $163,200 |
| Annual Per SF | $8.21 |
| Other Income | |
|---|---|
| Annual | $720 |
| Annual Per SF | $0.04 |
| Vacancy Loss | |
|---|---|
| Annual | $16,320 |
| Annual Per SF | $0.82 |
| Effective Gross Income | |
|---|---|
| Annual | $147,600 |
| Annual Per SF | $7.43 |
| Taxes | |
|---|---|
| Annual | $8,470 |
| Annual Per SF | $0.43 |
| Operating Expenses | |
|---|---|
| Annual | $6,960 |
| Annual Per SF | $0.35 |
| Total Expenses | |
|---|---|
| Annual | $15,430 |
| Annual Per SF | $0.78 |
| Net Operating Income | |
|---|---|
| Annual | $132,170 |
| Annual Per SF | $6.65 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,360 SF
Building Class
B
Year Built/Renovated
1973/2023
Price
$1,300,000
Price Per SF
$139
Cap Rate
10.17%
NOI
$132,170
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,680 SF
Building FAR
0.39
Lot Size
0.55 AC
Zoning
P-1, Clearwater - Office, Professional office, Medical
Amenities
- 24 Hour Access
- Conferencing Facility
- Courtyard
- Security System
- Signage
- Reception
- Central Heating
- Natural Light
- Partitioned Offices
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Aura Home Health
- Health Care and Social Assistance
- 750 SF
- -
- -
- Capetronics Inc
- Services
- -
- -
- -
- Centers For Mens Health
- Health Care and Social Assistance
- 750 SF
- -
- -
- Crawford Benny CPA
- Services
- -
- -
- -
- Decuypere J D Chiropractic
- Health Care and Social Assistance
- 800 SF
- -
- -
- Optimum Health
- Health Care and Social Assistance
- 750 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Aura Home Health | Health Care and Social Assistance | 750 SF | - | - | ||
| Capetronics Inc | Services | - | - | - | ||
| Centers For Mens Health | Health Care and Social Assistance | 750 SF | - | - | ||
| Crawford Benny CPA | Services | - | - | - | ||
| Decuypere J D Chiropractic | Health Care and Social Assistance | 800 SF | - | - | ||
| Optimum Health | Health Care and Social Assistance | 750 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 1,500 SF
- Office
- Full Build-Out
- Now
$6000/month with water included, first floor, two offices and large open reception / conference area.
- 1st Floor
- 1,500 SF
- Office
- Full Build-Out
- Now
$1,500/month. This includes water. One conference room, large kitchen area, and 14 offices.
$1500/month includes water. 4 offices and one bathroom
$1,500 / month includes water. 4 offices and one bathroom
$1,500/month including water. 4 offices and one conference room.
1,500/month. This includes water. One conference room, large kitchen area, and 14 offices.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,500 SF | Office | Full Build-Out | Now |
| 1st Floor | 3,000 SF | Office | Full Build-Out | Now |
| 1st Floor | 1,500 SF | Office | Full Build-Out | Now |
| 2nd Floor | 750 SF | Office | Full Build-Out | Now |
| 2nd Floor | 750 SF | Office | Full Build-Out | Now |
| 2nd Floor | 750 SF | Office | Full Build-Out | Now |
| 2nd Floor | 750 SF | Office | Full Build-Out | Now |
| 2nd Floor | 750 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 750 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 750 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 750 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 750 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 750 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 3,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
$6000/month with water included, first floor, two offices and large open reception / conference area.
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Floor
| Size | 750 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
$1,500/month. This includes water. One conference room, large kitchen area, and 14 offices.
2nd Floor
| Size | 750 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
$1500/month includes water. 4 offices and one bathroom
2nd Floor
| Size | 750 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
$1,500 / month includes water. 4 offices and one bathroom
2nd Floor
| Size | 750 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
$1,500/month including water. 4 offices and one conference room.
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Floor
| Size | 750 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1,500/month. This includes water. One conference room, large kitchen area, and 14 offices.
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Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 15-29-15-38574-017-0120 | Total Assessment | $495,000 (2023) |
| Land Assessment | $204,981 (2023) | Annual Taxes | $8,470 ($0.90/SF) |
| Improvements Assessment | $290,019 (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
15-29-15-38574-017-0120
Land Assessment
$204,981 (2023)
Improvements Assessment
$290,019 (2023)
Total Assessment
$495,000 (2023)
Annual Taxes
$8,470 ($0.90/SF)
Tax Year
2025
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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12 UNIT OFFICE COMPLEX 10%+ CAP PROFORMA | 1250 Rogers St
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