Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    701 Martin Luther King Jr Ave Clearwater, FL 33755

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,400,000

    8,662 SF Industrial Building, 0.54 Acres

    Property size:
    8,662 SF

    Property Features for 701 Martin Luther King Jr Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    8,662 SF
    Lot Size
    23,522 SF

    Building Details

    Year Built
    1951

    We can help!

    Listing Contact
    Luke Palmer
    Luke Palmer

    Listing Agency: RE/MAX Action First Listing Agent: Luke Palmer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Clearwater industrial property, located at 701 N Martin Luther King Jr Avenue, presents a rare investment opportunity. Boasting a substantial 8,662 square feet of building space under roof, this property sits on a 0.54-acre lot and offers significant outdoor storage capacity. Its strategic location near the Seminole Boat Ramp makes it ideally suited for businesses supporting Clearwater Beach boat excursions, such as repair, supply, or charter operations. The property's zoning permits light manufacturing, providing versatility for a range of potential uses. The existing building includes warehouse space, storefront area, and ample storage, offering a flexible layout adaptable to various business needs. This property is being offered for both sale and lease, presenting a unique opportunity for buyers and tenants alike. The combination of size, location, zoning flexibility, and the potential for both sale and lease makes this a highly desirable asset in a competitive market. Serious inquiries are encouraged to explore this exceptional opportunity further. Don't miss out on this rare chance to acquire a prime industrial property in a thriving coastal location. Contact us today to schedule a showing and discuss the possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.79152
    Latitude
    27.97278

    Nearby Similar for Sale

    • $350,000
      1,935 SF

      Downtown Clearwater Professional Office Condo

      Combined office condo near courthouse and Morton Plant Hospital.
      611 Druid Rd E, Clearwater, FL 33756
      View Details
    • New
      $1,950,000
      9,496 SF

      Renovated Commercial Building in Clearwater

      Turnkey commercial building with flexible layout and high-traffic location.
      1710 N Fort Harrison Ave, Clearwater, FL 33755
      View Details
    • $289,000
      1,072 SF

      Clearwater Office Building For Sale

      Well-maintained office building on Missouri Avenue with high visibility.
      1536 S Missouri Ave, Clearwater, FL 33756
      View Details
    • $325,000
      237 SF

      Clearwater Beach Retail Opportunity

      Turnkey business in Clearwater Beach Marina with high foot traffic.
      25 Causeway Blvd, Clearwater Beach, FL 33767
      View Details
    • $225,000
      Pending

      Clearwater Mixed-Use Investment Opportunity

      Versatile property near Clearwater Beach, ideal for business or residence.
      711 Smith St, Clearwater, FL 33756
      View Details
    • $2,200,000
      9,799 SF

      Clearwater Mixed-Use Development Opportunity

      2.7-acre parcel in active commercial corridor with development flexibility.
      11400 Us Highway 19 N, Clearwater, FL 33764
      View Details
    • $6,000,000
      22,086 SF

      Iconic Office Building For Sale

      Landmark office building in Clearwater, Florida, with diverse businesses.
      1465 S Fort Harrison Ave, Clearwater, FL 33756
      View Details
    • $1,275,000
      Pending

      Clearwater Corner Lot with Warehouse

      Corner lot in Clearwater with warehouse, offices, and storage.
      2051 Range Rd, Clearwater, FL 33765
      View Details
    • $850,000
      2,463 SF

      Clearwater Fourplex Investment Opportunity

      Income-producing fourplex in Clearwater, Florida with recent updates.
      405 S Orion Ave, Clearwater, FL 33765
      View Details
    • $199,000
      960 SF

      Clearwater Office Condo For Sale

      Office condo in downtown Clearwater near hospitals and beaches.
      611 Druid Rd E, Clearwater, FL 33756
      View Details
    • $12,000,000
      4,360 SF

      Clearwater Beach Motel For Sale

      22-unit motel on Clearwater Beach with pool and recent updates.
      653 Mandalay Ave, Clearwater, FL 33767
      View Details
    • $199,000
      950 SF

      Medical Office Condo in Clearwater

      Medical office condo in downtown Clearwater near hospitals and beaches.
      611 Druid Rd E, Clearwater, FL 33756
      View Details

    FAQs

    What type of property is this?
    Industrial property - 8,662 SF Industrial Building, 0.54 Acres
    Where is this industrial property located?
    The property is located at 701 Martin Luther King Jr Ave Clearwater, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    (727) 871-5853
    Request Owner's contact information
    701 Martin Luther King Jr Ave Clearwater, FL 33755
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 Martin Luther King Jr Ave
    Clearwater, FL 33755
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    701 Martin Luther King Jr Ave Clearwater, FL 33755
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Luke Palmer
    Luke Palmer
    Real Estate License ID: 3300839
    (727) 871-5853 (727) 531-2006 (727) 595-1604
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!