Mixed-Use Building with
New
For Sale
Contact for pricing
1331 South Missouri Avenue, Clearwater, FL 33756
Two commercial units offer flexible office and retail configurations with dedicated parking and C-2 zoning.
Property Size2,304 SF
Price / SF$259.98
Days on Market7
Property Features for 1331 South Missouri Avenue
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Retail, Office
Zoning
C-2
Additional Details
Asking Price
$599,000
Utilities to Site
Yes
Building Details
Buildings
1
Construction
concrete block
Tenancy
Multi
Listing Agency:
Bingham Realty Inc
Listed By:
Brian Infantino · License #FL 700275
(813) 714-2317
Source:
Crexi
Added: Sep 5
Changed: Sep 9
Last Checked: Sep 11 at 4:15AM
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 Bingham Realty Inc
Investment Insights
Based on property information with market context.
This concrete-block mixed-use building contains approximately 2,304 square feet divided among Units A, B, and C. Unit A provides approximately 768 square feet with central HVAC, one restroom, a front entrance, and a rear employee entrance. Units B and C are combined into approximately 1,536 square feet and configured as a professional tax accounting office with two restrooms, two front entrances, two rear employee entrances, and window AC units. Large plate-glass windows provide natural light and display space.
The property includes a dedicated asphalt parking lot with additional overflow parking behind the building. Each unit has a separate electric meter, while the building shares one water meter. The concrete-block structure has a flat membrane roof replaced a few years ago and is zoned C-2. Adjacent businesses include Publix, RNR Tire Express, and CITGO Gas. Unit A is vacant, while the tax service occupying Units B and C may lease back the smaller unit or vacate based on the purchaser’s needs.
The property includes a dedicated asphalt parking lot with additional overflow parking behind the building. Each unit has a separate electric meter, while the building shares one water meter. The concrete-block structure has a flat membrane roof replaced a few years ago and is zoned C-2. Adjacent businesses include Publix, RNR Tire Express, and CITGO Gas. Unit A is vacant, while the tax service occupying Units B and C may lease back the smaller unit or vacate based on the purchaser’s needs.
Key Highlights
- Approximately 2,304 square feet divided among Units A, B, and C
- Unit A offers approximately 768 square feet with central HVAC and one restroom
- Units B and C are combined into approximately 1,536 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,532
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$830,640
$830.6K
Cap Rate 7%
$593,314
$593.3K
Cap Rate 9%
$461,467
$461.5K
Market Conditions
NOI Build-Up for 2,304 SF
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.
Gross rent
$60.0K $26.04/SF
− Vacancy
−$4.6K −$2.01/SF
EGI
$55.4K $24.03/SF
− OpEx
−$13.8K −$6.01/SF
NOI
$41.5K $18.03/SF
Area
Clearwater, FL
Vacancy
7.70%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$830,640
Cap Rate 7%
$593,314
Cap Rate 9%
$461,467
Alternative Uses
Best Use
Office B
$593.3K
$519.2K – $692.2K
NOI $41,532 @ 7.0% cap · market cap 6.93%
Second Best
Mixed Use
$413.2K
$361.6K – $482.1K
NOI $28,927 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$646.4K
$565.6K – $754.1K
NOI $45,248 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,343
Businesses Nearby
Explore this area
Business Placement
Demographics for 33756, FL
31,807
Population
15,474
Households
2.1
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
7.2 sq mi
ZIP Area
4,418
Density / Sq Mi
$63,990
Median Household Income
$38,563
Median Earnings
$1,382
Median Rent
$335,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial units offer flexible office and retail configurations with dedicated parking and C-2 zoning.
Where is this mixed-use property located?
The property is located at 1331 South Missouri Avenue Clearwater, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approximately 2,304 square feet divided among Units A, B, and C; Unit A offers approximately 768 square feet with central HVAC and one restroom; Units B and C are combined into approximately 1,536 square feet
