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

    4677 118Th Ave N Clearwater, FL 33762

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,449,000

    46,233 SF warehouse-office property with digital signage and modern amenities.

    Property size:
    46,233 SF
    Lot size:
    2.55 Acres

    Property Features for 4677 118Th Ave N

    General Information

    Standard status
    Active
    Size
    46,233 SF
    Lot size
    2.55 Acres

    Building Details

    Year built
    1978

    We can help!

    Listing Contact
    Roger Broderick
    Source: Exitrealty

    Listing Agency: BRODERICK & ASSOCIATES INC Listing Agent: Roger Broderick

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

    Learn more

    Overview

    Warehouse-Office Facility in Central Pinellas

    This 46,233-square-foot warehouse-office property is located in Central Pinellas County, Florida. Built in 1978, this pre-engineered steel building has been maintained and remodeled, including a new roof. The facility features 18,380 square feet of formal office spaces, classrooms, and training rooms. The remaining area is designed for warehouse or industrial use, supported by seven overhead doors, a 24-foot eave height, and a peak ceiling height of 28.5 feet. The property includes 6'X12' digital pylon signage on the major east-west corridor of 118th Avenue and 49th Street, providing visibility and access to Tampa, St. Petersburg, and Clearwater via the interstate system. Currently, 24% of the building is leased under a triple net agreement at $11 per square foot, generating income through February 2026. A deep well supports an irrigation system for the landscaped grounds. The site includes 138 parking spaces, with 36 public-facing spaces at the front and 102 secured within a gated compound. Operational efficiency is enhanced by a 150-kilowatt Caterpillar diesel generator, which powers the entire building during outages, and a dedicated 16-kilowatt generator for the server room. Additionally, the property offers 66.5 tons of air conditioning across 20 systems. This two-story facility is suited for corporate offices, training centers, manufacturing, distribution, or mixed-use operations. The property provides a turnkey solution for businesses seeking a versatile and well-equipped facility. It offers interstate connectivity and a central location in the Tampa Bay area.
    Location Intelligence

    Current Use by Public Records

    Midway Services Plumbing Service Go Solar Power Solar Energy Company Midway Services Utilities Water Utility Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    Engine 53 Pizza/ Fire Engine Enterprises, LLC, R2 Provisions, Chouinard's Cuisine

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.69821
    Latitude
    27.879989

    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 Rd E, Clearwater, FL 33756
      View Details
    • $325,000
      237 SF

      Clearwater Beach Retail Opportunity

      Turnkey business in Clearwater Beach Marina with high foot traffic.
      25 Causeway Blvd, Clearwater Beach, FL 33767
      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 Ave, Clearwater, FL 33755
      View Details
    • New
      $284,000
      1,072 SF

      Clearwater Office Building For Sale

      Well-maintained office building with high visibility and traffic.
      1536 S Missouri Ave, Clearwater, FL 33756
      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
    • $1,549,000
      4,565 SF

      Clearwater Class A Office Building

      Move-in ready office building near Morton Plant Hospital.
      1314 S Fort Harrison Ave, Clearwater, FL 33756
      View Details
    • $449,900
      Pending

      Mixed-Use Clearwater Property For Sale

      Mixed-use commercial/residential building in downtown Clearwater, minutes from the beach.
      1221 Court St, Clearwater, FL 33756
      View Details
    • $850,000
      2,463 SF

      Clearwater Fourplex Investment Opportunity

      Income-producing fourplex in Clearwater, Florida with recent updates.
      405 S Orion Ave, Clearwater, FL 33765
      View Details
    • $1,275,000
      Pending

      Clearwater Corner Lot with Warehouse

      Corner lot in Clearwater with warehouse, offices, and storage.
      2051 Range Rd, Clearwater, FL 33765
      View Details
    • New
      $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 Ave, Clearwater, FL 33756
      View Details
    • $5,000,000
      6,758 SF

      Renovated Motel Near Clearwater Beach

      Renovated 32-room motel on prime Florida beachfront near Clearwater.
      1628 Gulf To Bay Blvd, Clearwater, FL 33755
      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 Ave, Clearwater, FL 33756
      View Details

    FAQs

    What type of property is this?
    Flex space - 46,233 SF warehouse-office property with digital signage and modern amenities.
    Where is this flex space located?
    The property is located at 4677 118Th Ave N Clearwater, FL.
    What is the asking price?
    The asking price for this property is $6,449,000.
    What are key features of this property?
    This property features: - Prime Central Pinellas County location with excellent visibility.; - Significant income generation from existing triple net lease ($11 per square foot) covering 24% of the building through February 2026.; - Versatile space with 18,380 sq ft of office/classroom/training space and warehouse/industrial area with seven overhead doors, 24-foot eave height, and 28.5-foot peak ceiling height.
    (727) 544-1403
    Request Owner's contact information
    4677 118Th Ave N Clearwater, FL 33762
    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.
    4677 118Th Ave N
    Clearwater, FL 33762
    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
    4677 118Th Ave N Clearwater, FL 33762
    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
    Roger Broderick
    Real Estate License ID: 009863
    (727) 544-1403 (727) 460-8535
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!