5733 Myerlake Cir

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5733 Myerlake Cir

Clearwater, FL 33760
Asking Price
$5.80M
Asset Type
Office
Class
Class B

What's Special

5733 Myerlake Cir is located within the ICOT Center, a premier business park in Clearwater, Florida. Positioned just off Ulmerton Road and near US Highway 19, the property offers regional connectivity to St. Petersburg, Tampa, and the surrounding Pinellas County markets. The immediate neighborhood is characterized by a professional mix of corporate offices, light industrial facilities, and distribution centers. Nearby amenities include various dining options, retail centers, and hotels, while the St. Pete-Clearwater International Airport is situated less than four miles away. This office asset is well-suited for professional services, regional administrative headquarters, or technology-based firms. The layout and strategic location are ideal for tenants requiring high accessibility for a commuting workforce and proximity to major logistics hubs. Typical occupants include insurance agencies, engineering firms, medical administrative offices, and corporate back-office operations. The property’s professional setting within a master-planned park provides a stable environment for established businesses seeking functional office space in a central submarket.

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NOI
$80,000
Cap Rate
1.38%
DSCR
0.23
Underwater
Cash-on-Cash
-15.19%
Monthly Payment
$28,695.235
Annual Cash Flow
$-264,342.825

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