1453 S MARTIN LUTHER KING JR AVENUE Clearwater, FL 33756
Warehouse - CLEARWATER, FL
- Added:
- Sep 22, 2025
- Days on Market:
- 296
- Last Refresh:
- Jul 14 at 4:06 am
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 Ste 100, Tampa, FL (813) 264-7754
Listing date Sep 22, 2025
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.
Investment Insights
Based on property information with market context.
The rear buildings total approximately 6,000 square feet and include 43 self-storage units of varying sizes. The property sits on a fenced and secured site with a new electronic gate system, updated security, and freshly paved and striped parking with approximately 17+ spaces. Recent improvements include new interior and exterior paint, new storage doors, roof sealing and coating, and extensive site cleanup and landscaping.
The warehouse-and-office setup supports contractors, service businesses, and light industrial users needing both operational space and dedicated work areas. The on-site self-storage component adds additional storage capacity within the secured footprint, and may support storage-oriented businesses seeking space in both warehouse and unit formats. Buyers should verify zoning and permitted uses with the City of Clearwater.
Key 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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| 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 |
