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    Clearwater Industrial Park Warehouse Title is generated by Realmo AI

    1555 SUNSHINE Dr, Clearwater, FL 33765

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    Claim this Listing
    For Sale
    $4,150,000

    Spacious warehouse with offices, loading dock, and ample parking.

    Type:Industrial
    Property size:
    25,000 SF
    Lot size:
    1.29 Acres
    Price / SF:
    $166/SF
    Added:
    Apr 24, 2026
    Days on Market:
    38
    Last Refresh:
    Apr 24 at 3:50 pm

    Property Features for 1555 SUNSHINE Dr

    General Information

    Standard status
    Active
    Size
    25,000 SF
    Lot size
    1.29 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Dennis White

    Listing agent Dennis White

    Listing office ALEXANDROS REAL ESTATE GROUP

    Listing date Apr 24, 2026

    Source Elliman

    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 ALEXANDROS REAL ESTATE GROUP

    HighLights

    • Prime Industrial Warehouse with over 25,000 sq ft in Clearwater Industrial Park
    • Boasts over 10,000 sq. ft air‑conditioned warehouse space
    • Loading dock and 2 Bays for efficient operations
    • Located next to CSX with possible spur access
    • Includes Reception Entry, 2 Conference Rooms, 9 Offices, Kitchen/Breakroom, and 4 Restrooms
    • Located in Flood Zone X

    Overview

    Located in Clearwater Industrial Park, this industrial warehouse offers over 25,000 square feet of space on a 1.29-acre lot. Constructed in 1969 and partially rebuilt in 2004, the property features a reception entry, two conference rooms, nine offices, a kitchen/breakroom, and four restrooms. Over 10,000 square feet of the warehouse is air-conditioned, with the remaining area fan-cooled. The warehouse includes a loading dock and two bays. The property provides ample parking spaces and is situated in Flood Zone X. The location offers a bike score of 70, indicating it is very bikeable, a walk score of 73, indicating it is very walkable, and a transit score of 33, indicating some transit options are available. Situated next to CSX, the property offers possible spur access if needed.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $261.0k $10.44
    − Vacancy −$13.3k −$0.53
    EGI $247.7k $9.91
    − OpEx −$37.2k −$1.49
    NOI $210.5k $8.42
    25,000 SF · lease $10.44/SF/yr · vacancy 5.10% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $3.01M
    $2.63M – $3.51M (±1% cap)
    NOI $210,536 @ 7.0% cap · market cap 5.07%
    Second Best
    Industrial
    $2.62M
    $2.29M – $3.06M (±1% cap)
    NOI $183,347 @ 7.0% cap · market cap 4.42%
    Theoretical Best
    Office A
    $7.01M
    $6.14M – $8.18M (±1% cap)
    NOI $490,978 @ 7.0% cap · market cap 11.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Stratford Corporation Corporate Office Icwc Industrial Manufacturer Southern Container Corporation ... Big Box & Wholesale Store Absolute Appeal Detailing ... Car Wash International Ceiling & Wall Hardware & Home Improvement

    Suggested Use

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

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

    Similar Places Nearby

    • Tampa Bay Office Movers — 2100 Calumet St, Clearwater, FL 33765
    • Clearwater RV & Boat Storage — 1427 N Hercules Ave, Clearwater, FL 33765
    • Storage Sense - Clearwater — 2080 Palmetto St, Clearwater, FL 33765
    • Life Storage - Clearwater — 1016 N Belcher Rd., Clearwater, FL 33765
    • Flex Moving & Storage — 1067 N Hercules Ave ste 6, Clearwater, FL 33765

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7499496
    Latitude
    27.9811866

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    FAQs

    What type of property is this?
    Warehouse - Spacious warehouse with offices, loading dock, and ample parking.
    Where is this warehouse located?
    The property is located at 1555 SUNSHINE Dr Clearwater, FL.
    What is the asking price?
    The asking price for this property is $4,150,000.
    What are key features of this property?
    This property features: Prime Industrial Warehouse with over 25,000 sq ft in Clearwater Industrial Park; Boasts over 10,000 sq. ft air‑conditioned warehouse space; Loading dock and 2 Bays for efficient operations
    (727) 685-6136
    We can help!
    Listing Contact
    Dennis White
    Learn More
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    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
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