Clearwater Warehouse with Office,
1453 S MARTIN LUTHER KING JR AVENUE, Clearwater, FL 33756
Warehouse - CLEARWATER, FL
Type:Single Family Residence
Property size:
11,000 SFLot size:
0.71 AcresPrice / SF:
$235/SF- Added:
- Sep 22, 2025
- Days on Market:
- 245
- Last Refresh:
- May 24 at 6:06 pm
Property Features for 1453 S MARTIN LUTHER KING JR AVENUE
General Information
- Property type
- Commercial Sale
- Property subtype
- Single Family Residence
- Zoning
- COMMERCIAL
- Parking features
- Secured
- Security features
- Security Gate, Security System
- Fencing
- Gate
- Standard status
- Active
- APN
- 22-29-15-22986-000-0100
- Size
- 11,000 SF
- Lot size
- 0.71 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14087
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1986
- Building materials
- Metal Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Alexander Lucke License #3351552 (727) 410-2896
Listing office KELLER WILLIAMS TAMPA PROP. 5020 W Linebaugh Ave, Tampa, FL (813) 264-7754
Listing date Sep 22, 2025
MLS# TB8430101
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey opportunity after major renovations in 2026.
- Functional mix of office (±2,600 SF), warehouse (±2,400 SF), and self‑storage space (±6,000 SF with 43 units).
- Secure property with full fencing, new electronic gate system, and updated security.
- Warehouse features 18‑foot clear heights, 12' x 10' grade‑level door, epoxy floors, upgraded electrical, new insulation liner, and skylights.
- Includes renovated two‑story office space with reception area, private offices, conference room, and break room.
- ±0.71 acre site with freshly paved and striped parking (17+ spaces), new interior/exterior paint, roof sealing/coating, and landscaping.
Overview
Located in Clearwater, Florida, this commercial property at 1453 S. Martin Luther King Jr. Avenue comprises approximately 11,000 square feet across three buildings, situated on a lot of approximately 0.71 acres. The property features a mix of office, warehouse, and self-storage spaces. The main building, totaling approximately 5,000 square feet, includes approximately 2,400 square feet of warehouse space with 18-foot clear heights, a 12' x 10' grade-level door, epoxy floors, upgraded electrical, a new insulation liner, and skylights. The office area, approximately 2,600 square feet, is a renovated two-story space with a reception area, five private offices, four to five additional cubicle workstations, an oversized conference room, a break room, and multiple access points. The rear buildings, totaling approximately 6,000 square feet, contain 43 self-storage units of varying sizes. The site is fully fenced and secured with a new electronic gate system, updated security, freshly paved and striped parking, and over 17 parking spaces. Improvements include new interior and exterior paint, new storage doors, roof sealing and coating, and extensive site cleanup and landscaping. Renovations were completed in 2026. The property is suitable for contractors, service businesses, light industrial users, office/warehouse operations, and storage-oriented businesses. The property is zoned commercial.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.20M
NOI $198,288 @ 9.00% cap · cautious / downside scenario
Moderate
$2.83M
NOI $198,288 @ 7.00% cap · market / base-case scenario
Aggressive
$3.97M
NOI $198,288 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $286.4k | $26.04 |
| − Vacancy | −$22.1k | −$2.01 |
| EGI | $264.4k | $24.03 |
| − OpEx | −$66.1k | −$6.01 |
| NOI | $198.3k | $18.03 |
11,000 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.83M
$2.48M – $3.30M
NOI $198,288 @ 7.0% cap · market cap 7.64%
Second Best
Flex RnD
$1.42M
$1.24M – $1.66M
NOI $99,519 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,030 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.791076
- Latitude
- 27.94455
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Clearwater property with warehouse, office, and self-storage spaces.
Where is this flex space located?
The property is located at 1453 S MARTIN LUTHER KING JR AVENUE Clearwater, FL.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Turnkey opportunity after major renovations in 2026.; Functional mix of office (±2,600 SF), warehouse (±2,400 SF), and self‑storage space (±6,000 SF with 43 units).; Secure property with full fencing, new electronic gate system, and updated security.
