Prime Commercial Development
For Sale
$2,200,000
11400 US HIGHWAY 19 N, Clearwater, FL 33764
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 Market175
Property Features for 11400 US HIGHWAY 19 N
General Information
Standard status
Active
Size
9,799 SF
Lot size
2.77 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$19,840
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
1969
Listing Agency:
PALM LIFE REALTY
(888) 877-4040
Listed By:
STEPHEN AKI · License #3416853
Source:
Corcoran
Added: Feb 16
Changed: Aug 8
Last Checked: Apr 5 at 8:25PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$176,639
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
553
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
