Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117 N Mcmullen Booth Rd Clearwater, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Signalized intersection with high visibility and easy access.

    Type:LAND
    Lot size:
    0.67 Acres
    Added:
    Nov 5, 2024
    Days on Market:
    541
    Last Refresh:
    Apr 5 at 11:09 pm

    Property Features for 117 N Mcmullen Booth Rd

    General Information

    Standard status
    Active
    Lot size
    0.67 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Lawrence D Gilbert

    Listing agent Lawrence D Gilbert

    Listing office Klein & Heuchan, Inc.

    Listing date Nov 5, 2024

    Source Moodyscre

    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 Klein & Heuchan, Inc.

    Overview

    High-Traffic Commercial Land For Sale

    This commercial land is located at a signalized intersection with high visibility and all-way access. The site benefits from high traffic volume, with over 58,000 cars per day. Approved for over 11,000 square feet, the property is suitable for general office users and investors. The location provides easy access to Tampa, St. Petersburg, and North Pinellas, with multiple driveways and full traffic light access.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7082
    Latitude
    27.9676

    Nearby Similar for Sale

    • $350,000
      1,935 SF

      Downtown Clearwater Professional Office Condo

      Combined office condo near courthouse and Morton Plant Hospital.
      611 DRUID ROAD E, CLEARWATER, FL 33756
      View Details
    • $1,950,000
      9,496 SF

      Renovated Commercial Building in Clearwater

      Turnkey commercial building with flexible layout and high-traffic location.
      1710 N FORT HARRISON AVENUE, CLEARWATER, FL 33755
      View Details
    • $2,200,000
      9,799 SF

      Clearwater Mixed-Use Development Opportunity

      2.7-acre parcel in active commercial corridor with development flexibility.
      11400 US HIGHWAY 19 N, CLEARWATER, FL 33764
      View Details
    • $6,000,000
      22,086 SF

      Iconic Office Building For Sale

      Landmark office building in Clearwater, Florida, with diverse businesses.
      1465 S FORT HARRISON AVENUE, CLEARWATER, FL 33756
      View Details
    • $1,375,000
      3,561 SF

      Clearwater Commercial Building For Sale

      Freestanding building suitable for office, medical, or retail use.
      1201 S MYRTLE AVENUE, CLEARWATER, FL 33756
      View Details
    • $748,000

      Cleared Commercial Land in Clearwater

      Vacant commercial lot suitable for various developments in Clearwater, FL.
      2131 COACHMAN ROAD NE, CLEARWATER, FL 33765
      View Details
    • $199,000
      960 SF

      Clearwater Office Condo For Sale

      Office condo in downtown Clearwater near hospitals and beaches.
      611 DRUID ROAD E, CLEARWATER, FL 33756
      View Details
    • $2,595,000
      11,000 SF

      Clearwater Warehouse with Office, Storage

      Clearwater property with warehouse, office, and self-storage spaces.
      1453 S MARTIN LUTHER KING JR AVENUE, CLEARWATER, FL 33756
      View Details
    • $479,999
      1,848 SF

      Clearwater Triplex Investment Opportunity

      Turnkey Clearwater triplex with strong income potential and value-add upside.
      708-712 PENNSYLVANIA AVENUE, CLEARWATER, FL 33755
      View Details
    • $1,200,000
      3,515 SF

      Clearwater Office Property on Harrison

      Two office buildings totaling 3,515 SF in Clearwater, Florida.
      908 S FORT HARRISON AVENUE, CLEARWATER, FL 33756
      View Details
    • $1,849,000
      100 SF

      Clearwater Commercial Parcel For Sale

      Prime 1+ acre commercial land in Clearwater, Florida.
      00 US-19 N, CLEARWATER, FL 33764
      View Details
    • $1,450,000
      14,252 SF

      Clearwater Two-Story Office Building

      Two-story office building with 24 offices and 35 parking spaces.
      1253 PARK STREET, CLEARWATER, FL 33756
      View Details

    FAQs

    What type of property is this?
    Commercial land - Signalized intersection with high visibility and easy access.
    Where is this commercial land located?
    The property is located at 117 N Mcmullen Booth Rd Clearwater, FL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: High traffic location: Over 58,000 cars per day.; Approved for over 11,000 SF development.; Signalized intersection with full traffic light access.
    (727) 580-8446 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lawrence D Gilbert
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!