Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    407 S Arcturas Ave Clearwater, FL 33765

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr ($4,323 /Mo)

    Freestanding building with versatile floor plan and natural light.

    Property size:
    5,188 SF
    Lot size:
    0.39 Acres

    Property Features for 407 S Arcturas Ave

    General Information

    Size
    5,188 SF
    Lot size
    0.39 Acres

    We can help!

    Listing Contact
    Thomas Duncan
    Thomas Duncan
    Source: Moodyscre

    Listing Agent: Thomas Duncan

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

    Learn more

    Property Insight Report

    Overview

    Freestanding Building Near Gulf to Bay

    This is a well-located freestanding building with convenient access, situated one lot north of Gulf to Bay Boulevard. The location benefits from a traffic light at the intersection of S. Arcturas Avenue and Gulf to Bay Boulevard, and is across from Clearwater High School. The property features a versatile floor plan with a significant amount of open area and ample windows that provide natural light. The property has a size of 5188 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7581811
    Latitude
    27.9613283

    Nearby Similar for Lease

    • $64,680
      10,019 SF

      Clearwater Freestanding Office Building For Lease

      3,080 SF office building near Morton Plant Hospital.
      1105 S Fort Harrison Ave, Clearwater, FL 33756
      View Details
    • $19 SF/Yr
      2,984 SF

      Clearwater Medical Office Space Available

      Class A medical office space in prime Clearwater location.
      1005 Pinellas St, Clearwater, FL 33756
      View Details
    • $15 SF/Yr
      11,375 SF

      Clearwater Commercial Property For Lease

      Versatile commercial property near downtown and the beach.
      1453 S Martin Luther King Jr Ave, Clearwater, FL 33756
      View Details
    • $6,600 /Mo
      250 SF

      Private Workspace with Fenced Yard

      Private workspace with yard, utilities included in rent.
      1212 South Highland Ave, Clearwater, FL 33756
      View Details
    • $1,000 /Mo
      8,115 SF

      Professional Office Space in Clearwater

      Professional office suites available for lease in Clearwater, Florida.
      13246 38Th St N, Clearwater, FL 33762
      View Details
    • $1,400 /Mo
      8,115 SF

      Professional Space in Clearwater, FL

      Versatile 372 sq ft space suitable for various business uses.
      13246 38Th St N, Clearwater, FL 33762
      View Details
    • $1,800 /Mo
      8,115 SF

      Professional Space in Clearwater, FL

      Versatile 755 sqft office space suitable for various businesses.
      13246 38Th St N, Clearwater, FL 33762
      View Details
    • $20,208

      Renovated Retail Spaces in Clearwater

      Retail leasing opportunities in Sunset Square near downtown Clearwater.
      1861 N Highland Ave, Clearwater, FL 33755
      View Details
    • $11 SF/Yr
      73,080 SF

      Clearwater Medical Space on Gulf

      13,000 SF medical space on busy Gulf to Bay.
      1685 Gulf To Bay Blvd, Clearwater, FL 33755
      View Details
    • $24 SF/Yr
      770 SF

      Feather Sound Office Space Available

      Three-story office building with renovated common areas and ample parking.
      3001 Executive Dr, Clearwater, FL 33762
      View Details
    • $10 SF/Yr
      46,543 SF

      Clearwater Industrial Spaces For Lease

      Move-in ready industrial spaces in Clearwater, ranging from 2,000-10,000 SF.
      12485-12555 44Th St North, Clearwater, FL 33762
      View Details
    • $18,000 /Mo

      Renovated Office Space on McMullen

      Renovated office space with high visibility and large parking area.
      111 N Mcmullen Booth Rd, Clearwater, FL 33759
      View Details

    FAQs

    What type of property is this?
    Office building - Freestanding building with versatile floor plan and natural light.
    Where is this office building located?
    The property is located at 407 S Arcturas Ave Clearwater, FL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Excellent location with easy access just north of Gulf to Bay Blvd.; - Traffic light access at S. Arcturas & Gulf to Bay.; - Free standing building.
    (727) 441-1951
    Request Owner's contact information
    407 S Arcturas Ave Clearwater, FL 33765
    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.
    407 S Arcturas Ave
    Clearwater, FL 33765
    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
    407 S Arcturas Ave Clearwater, FL 33765
    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
    Thomas Duncan
    Thomas Duncan
    (727) 441-1951
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.