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    2051 RANGE ROAD Clearwater, FL 33765

    View on Map
    Pending
    $1,275,000

    Industrial - CLEARWATER, FL

    Type:Industrial
    Property size:
    3,719 SF
    Lot size:
    0.36 Acres
    Added:
    Oct 17, 2025
    Days on Market:
    167
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 2051 RANGE ROAD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Zoning
    M-1
    Security features
    Smoke Detector(s)
    Exterior features
    Corner Lot
    Standard status
    Pending
    APN
    12-29-15-00000-130-0410
    Size
    3,719 SF
    Lot size
    0.36 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    6278

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1966
    Flooring type
    Carpet, Concrete, Linoleum
    Building materials
    Block, Stucco
    Architectural style
    Other

    We can help!

    Listing Contact
    Luke Palmer
    Luke Palmer

    Listing agent Luke Palmer License #3300839

    Listing office RE/MAX ACTION FIRST OF FLORIDA 410 S. Lincoln Ave., Clearwater, FL

    Listing date Oct 17, 2025

    MLS# TB8439234 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.

    Overview

    Clearwater Corner Lot with Warehouse

    This Clearwater property, located near Clearwater Air Park and U.S. 19, just off Hercules Ave between Drew and Sunset Point, is suitable for various uses. The property is zoned E-1, which includes light manufacturing, offices, research and development, and accessory retail. The property features multiple office spaces, ample storage, two large work areas, and a newly painted warehouse. The warehouse has 14 ft ceilings, a 10 ft roll-up door, and a loading dock. The building has a total area of 3,719 square feet and sits on a 0.36-acre corner lot. The property is bright and clean throughout and is ready for immediate occupancy. Potential business uses include electrical contractors, pest control companies, plumbing contractors, pool supply and service contractors, and distribution companies.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hutton Medical Corporation Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Tampa Bay Office Movers — 2100 Calumet St, Clearwater, FL 33765
    • Clearwater RV & Boat Storage — 1427 N Hercules Ave, Clearwater, FL 33765
    • Storage Sense - Clearwater — 2080 Palmetto St, Clearwater, FL 33765
    • Life Storage - Clearwater — 1016 N Belcher Rd., Clearwater, FL 33765
    • Flex Moving & Storage — 1067 N Hercules Ave ste 6, Clearwater, FL 33765

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.752754
    Latitude
    27.978656

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    FAQs

    What type of property is this?
    Warehouse - Corner lot in Clearwater with warehouse, offices, and storage.
    Where is this warehouse located?
    The property is located at 2051 RANGE ROAD Clearwater, FL.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: Versatile E‑1 zoning allows for light manufacturing, offices, R&D, and accessory retail.; Flexible purchase options: purchase, lease, lease option, or owner financing.; **Features a large, newly painted warehouse with 14 ft ceilings, a 10 ft roll‑up door, and a loading dock.**
    (727) 871-5853
    We can help!
    Listing Contact
    Luke Palmer
    Luke Palmer
    Real Estate License ID: 3300839
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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