Multifamily Rental
For Sale
$1,870,000
1302 Sunset Pt Rd, Clearwater, FL 33755
Nine income-producing properties are reported occupied, with tenants on month-to-month agreements.
Property Size6,509 SF
Price / SF$287.29
Days on Market13
Property Features for 1302 Sunset Pt Rd
General Information
Standard status
Active
Size
6,509 SF
Occupancy
100%
Site & Location
Neighborhood
Spring Branch Neighborhood & Park Association
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,365
Amenities
true
Trees/Landscaped
Public
1.58
245 x 21 x 275 x 330
4
false
6 to 12 Spaces
Paved
Slab
City Street
6509
Public Maintained Road
Building Details
Building Size
6,509 SF
Year Built
1952
Tenancy
Multi
Listing Agency:
BIG BEND HOME & LAND LLC
(407) 794-7728
Listed By:
Matthew Allen
Source:
Mattallenteam
Added: Oct 19
Changed: Oct 30
Last Checked: Oct 29 at 1:20PM
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 BIG BEND HOME & LAND LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The multifamily property includes nine income-producing properties, with tenants on month-to-month agreements. The listing reports that the properties are occupied. The record also gives a 1952 year built and a property size of 6,509, without specifying a unit of measurement.
Key Highlights
- Nine income‑producing properties
- Tenants occupy the properties on month‑to‑month agreements
- Year built: 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,334
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,680
$1.6M
Cap Rate 7%
$1,147,629
$1.1M
Cap Rate 9%
$892,600
$892.6K
Market Conditions
NOI Build-Up for 6,509 SF
Gross rent
$156.2K $24.00/SF
− Vacancy
−$10.2K −$1.56/SF
EGI
$146.1K $22.44/SF
− OpEx
−$65.7K −$10.10/SF
NOI
$80.3K $12.34/SF
Area
Clearwater, FL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,680
Cap Rate 7%
$1,147,629
Cap Rate 9%
$892,600
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,334 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,831 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 33755, FL
28,360
Population
11,872
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,156
Density / Sq Mi
$59,613
Median Household Income
$36,206
Median Earnings
$1,340
Median Rent
$300,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Nine income-producing properties are reported occupied, with tenants on month-to-month agreements.
Where is this multifamily property located?
The property is located at 1302 Sunset Pt Rd Clearwater, FL.
What is the asking price?
The asking price for this property is $1,870,000.
What are key features of this property?
This property features: Nine income‑producing properties; Tenants occupy the properties on month‑to‑month agreements; Year built: 1952
