Flex Space with
For Sale
$2,200,000
11400 US HIGHWAY 19 N, Clearwater, FL 33764
Commercial Sale, CLEARWATER, FL
Property Size9,799 SF
Lot Size2.77 Acres
Price / SF$224.51
Days on Market199
Property Features for 11400 US HIGHWAY 19 N
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security System
Subdivision
GULF COAST SUB 1
Lot features
Central Business District, Drainage Canal
Directions
Head northeast on I-275 N, Take exit 30 for FL-686 W/Roosevelt Blvd, Use the left lane to take the 118th Ave N ramp to County Rd 296 W, Merge onto FL-690/Gateway Expy, Take the CR-296 S exit toward Bryan Dairy Rd S/U.S. Hwy 19 S, Merge onto 118th Ave N, Use the left 2 lanes to turn left onto U.S. 19 Frontage Rd.
Standard status
Active
APN
16-30-16-34092-003-0060
Size
9,799 SF
Lot size
2.77 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
GULF COAST SUB NO. 1 BLK C, LOTS 1 THRU 12 & LOTS 26 THRU 28 & N 1/2 OF VAC 114TH AVE N ADJ ON S
Tax Annual Amount
19840
Legal Description
GULF COAST SUB NO. 1 BLK C, LOTS 1 THRU 12 & LOTS 26 THRU 28 & N 1/2 OF VAC 114TH AVE N ADJ ON S
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Cooling system
Central Air, Zoned
Water source
Public
Building Details
Year built
1969
Floors in Building
2
Building materials
Block, Stucco
Roof type
Metal
Listing Agency:
PALM LIFE REALTY
(888) 877-4040
Listed By:
Stephen Aki · License #3416853
(757) 377-6102
Added: Feb 11
Changed: Aug 24
Last Checked: Aug 29 at 7:06PM
MLS# TB8475614
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.
Investment Insights
Based on property information with market context.
This 2.77-acre flex-space property includes a 9,799-square-foot block and stucco commercial building constructed in 1969. The structure contains offices on both levels and substantial ground-floor workspace, supporting continued contractor operations, showroom use, flex-industrial occupancy, or office conversion. Central and zoned air conditioning, a metal roof, public water, public sewer, and available electricity are in place. A vacant single-family residence occupies the northwest portion and has access from 115th Ave N.
The site fronts the US 19 frontage road in Clearwater, with access to Ulmerton Road (SR 688), Roosevelt Boulevard, St. Petersburg, and Tampa. B-1 zoning supports a range of commercial applications, including professional or medical office, retail, service, hospitality, and flex-industrial concepts, with select residential applications subject to municipal approval. The property is in a non-flood zone, and infrastructure improvements along 58th St N support site preparation and future expansion.
The site fronts the US 19 frontage road in Clearwater, with access to Ulmerton Road (SR 688), Roosevelt Boulevard, St. Petersburg, and Tampa. B-1 zoning supports a range of commercial applications, including professional or medical office, retail, service, hospitality, and flex-industrial concepts, with select residential applications subject to municipal approval. The property is in a non-flood zone, and infrastructure improvements along 58th St N support site preparation and future expansion.
Key Highlights
- 2.77‑acre parcel with a 9,799‑square‑foot existing commercial structure
- B‑1 zoning allows broad commercial uses and select residential applications subject to municipal approval
- US 19 frontage road location with approximately 60,000‑70,000 vehicles per day in the corridor
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
Flex RnD
$1.27M
$1.11M – $1.48M
NOI $88,653 @ 7.0% cap · market cap 4.03%
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
Lease Details
70,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Balanced
Demand for This Use
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.
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Frequently Asked Questions
What type of property is this?
Flex space - B-1-zoned property combines an existing commercial building, connected utilities, and redevelopment flexibility in a high-traffic corridor.
Where is this flex space 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: 2.77‑acre parcel with a 9,799‑square‑foot existing commercial structure; B‑1 zoning allows broad commercial uses and select residential applications subject to municipal approval; US 19 frontage road location with approximately 60,000‑70,000 vehicles per day in the corridor
