Office Unit with Updated
New
For Sale
Contact for pricing
110 N MARTIN LUTHER KING JR AVENUE #C, Clearwater, FL 33755
Flexible office space offers a private entrance and access to on-site and street parking.
Property Size800 SF
Price / SF$25.50
Days on Market5
Property Features for 110 N MARTIN LUTHER KING JR AVENUE #C
General Information
Standard status
Active
Size
800 SF
Property subtype
Office
Additional Details
Property Use
Office / Retail
Amenities
landscaped pathway
artistic painted mural
own entrance
0.14 acres, Dimensions: 60x90
Public Sewer
Additional parcels description:, Parcel Number: 15-29-15-53928-001-XXXY, Public Survey Range: 15, Public Survey Section: 15, Annual Amount: $6,870.05, Tax Block: 1, Tax Book Number: 1-41, Legal Description: MCMULLEN'S, SARAH SUB BLK 1, S 1/2 OF LOT 10, Lot: 10, Year: 2025, Zoning: C
Ceramic Tile
Mini-Split Unit(s)
Heat Pump
Listing ID: MFRTB8560005, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-10-20
Ground Level
Built in 1951, Living area: 800, Living area units: Square Feet, Building faces East, 1 storey, Construction Materials: Block
Subdivision: MCMULLENS SARAH SUB, MLS Area (Major): 33755 - Clearwater, County/Parish: Pinellas
Completed, Leasable area: 800
Electricity Available, Public, Water Connected, Water Source: Public
Slab
Electricity, Insurance, Pro-rated, Trash Collection, Water
Frontage Type: City Street, Road Surface: Asphalt
Building Details
Year Built
1951
Listing Agency:
VIEWPOINT REALTY INTERNATIONAL
(727) 584-7355
Listed By:
Anthony Maccaroni · License #3304442
(727) 641-0271
Source:
Miharaandassociates
Added: Oct 20
Changed: Oct 24
Last Checked: Oct 23 at 4:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VIEWPOINT REALTY INTERNATIONAL
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office space at 110 N. Martin Luther King Jr. Avenue features a private entrance and access to a rear parking area. Recent building work includes a replacement roof, new air-conditioning units and electrical updates, along with refreshed bathrooms and drywall. Exterior improvements include stucco and architectural accents, plus a painted mural by a local artist.
The property is in downtown Clearwater near Drew Street and N. Martin Luther King Jr. Avenue. Parking options include a private off-street lot, employee parking and on-street spaces on Grove Street. The entrance is reached by a landscaped, illuminated path.
The property is in downtown Clearwater near Drew Street and N. Martin Luther King Jr. Avenue. Parking options include a private off-street lot, employee parking and on-street spaces on Grove Street. The entrance is reached by a landscaped, illuminated path.
Key Highlights
- Recent work includes a new roof, AC units and electrical updates
- Updated bathrooms and drywall, with new stucco and exterior accents
- Private entrance with limited rear parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,576
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,520
$191.5K
Cap Rate 7%
$136,800
$136.8K
Cap Rate 9%
$106,400
$106.4K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$14.4K $18.00/SF
− Vacancy
−$720 −$0.90/SF
EGI
$13.7K $17.10/SF
− OpEx
−$4.1K −$5.13/SF
NOI
$9.6K $11.97/SF
Area
Clearwater, FL
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,520
Cap Rate 7%
$136,800
Cap Rate 9%
$106,400
Alternative Uses
Best Use
Office B
$206.0K
$180.3K – $240.4K
NOI $14,421 @ 7.0% cap · market cap 70.69%
Second Best
Retail
$136.8K
$119.7K – $159.6K
NOI $9,576 @ 7.0% cap · market cap 46.94%
Theoretical Best
Office A
$224.4K
$196.4K – $261.9K
NOI $15,711 @ 7.0% cap · market cap 77.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,556
Businesses Nearby
Explore this area
Business Placement
Demographics for 33755, FL
28,360
Population
11,872
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,156
Density / Sq Mi
$59,613
Median Household Income
$36,206
Median Earnings
$1,340
Median Rent
$300,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office space offers a private entrance and access to on-site and street parking.
Where is this office unit located?
The property is located at 110 N MARTIN LUTHER KING JR AVENUE #C Clearwater, FL.
What are key features of this property?
This property features: Recent work includes a new roof, AC units and electrical updates; Updated bathrooms and drywall, with new stucco and exterior accents; Private entrance with limited rear parking
