Prime Commercial Development
11400 US HIGHWAY 19 N, Clearwater, FL 33764
For Sale
$2,200,000
2.7-acre parcel on US 19 with B-1 zoning.
Property Size9,799 SF
Lot Size2.77 Acres
Price / SF$224.51
Days on Market267
Property Features for 11400 US HIGHWAY 19 N
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Drainage Canal
Metal Roof
Pool
Public Pool
Central Air Cooling
Central Business District
Parking Spaces - 6 to 12
Zoned Cooling
Building Details
Year Built
Listing Agency:
PALM LIFE REALTY
(888) 877-4040
Listed By:
STEPHEN AKI · License #3416853
(757) 377-6102
Source:
Corcoran
Added: Feb 16
Changed: Aug 8
Last Checked: Aug 14 at 4:04AM
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 PALM LIFE REALTY
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.
This approximately 2.7-acre parcel, zoned B-1 (General Commercial District), offers flexibility for various commercial uses and residential applications. It is located directly on the US 19 frontage road, benefiting from high visibility and accessibility with approximately 60,000–70,000 vehicles per day in this corridor. The property is near Ulmerton Road (SR 688) and Roosevelt Boulevard, providing east–west connectivity, and direct north–south access to St. Petersburg and Tampa. The surrounding area includes established single-family neighborhoods, multifamily apartment communities, and a strong commercial presence. The parcel includes an existing industrial/commercial structure formerly used as an HVAC service operation, featuring multiple offices and ground-level workspace, suitable for contractor use, flex-industrial, showroom, or office conversion. A vacant single-family residence is located on the northwest portion of the property with access from 115th Ave N, which may be renovated for income-producing use, utilized as interim office space, or removed to accommodate a larger redevelopment plan. Utilities are available and currently connected. The property is located in a non-flood zone. The B-1 zoning allows for professional or medical office campus, retail or service center, flex-industrial or contractor yard, mixed-use redevelopment concept, and hospitality or specialty commercial applications. The property is positioned as an infill redevelopment opportunity in a mature, high-traffic corridor.
Key Highlights
- High‑traffic location on US 19 with 60,000‑70,000 vehicles per day, providing excellent visibility.
- B‑1 zoning allows for a broad range of commercial uses and select residential applications, offering exceptional development flexibility.
- Located in a densely populated area with over 70,000 residents within a 3‑mile radius and a strong median household income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,639
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,532,780
$3.5M
Cap Rate 7%
$2,523,414
$2.5M
Cap Rate 9%
$1,962,656
$2.0M
Market Conditions
NOI Build-Up for 9,799 SF
Gross rent
$255.2K $26.04/SF
− Vacancy
−$19.6K −$2.01/SF
EGI
$235.5K $24.03/SF
− OpEx
−$58.9K −$6.01/SF
NOI
$176.6K $18.03/SF
Area
Clearwater, FL
Vacancy
7.70%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,532,780
Cap Rate 7%
$2,523,414
Cap Rate 9%
$1,962,656
Alternative Uses
Best Use
Office B
$2.52M
$2.21M – $2.94M
NOI $176,639 @ 7.0% cap · market cap 8.03%
Second Best
Mixed Use
$1.76M
$1.54M – $2.05M
NOI $123,026 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,444 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Explore this area
Business Placement
Demographics for 33764, FL
27,547
Population
15,193
Households
1.8
Avg Household Size
50
Median Age
32%
College-Educated
93%
High-School Grad
6.3 sq mi
ZIP Area
4,373
Density / Sq Mi
$64,573
Median Household Income
$45,949
Median Earnings
$1,622
Median Rent
$302,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Commercial land in Clearwater, FL
Properties on Market for Commercial land in Clearwater
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - 2.7-acre parcel on US 19 with B-1 zoning.
Where is this commercial land located?
The property is located at 11400 US HIGHWAY 19 N Clearwater, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: High‑traffic location on US 19 with 60,000‑70,000 vehicles per day, providing excellent visibility.; B‑1 zoning allows for a broad range of commercial uses and select residential applications, offering exceptional development flexibility.; Located in a densely populated area with over 70,000 residents within a 3‑mile radius and a strong median household income.
