Mixed-Use Building with
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 Market54
Property Features for 1331 South Missouri Avenue
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Retail, Office
Zoning
C-2
Site & Location
Neighborhood
Brookhill Ambassadors
Utilities to Site
Yes
Additional Details
Asking Price
$599,000
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: Oct 25
Last Checked: Oct 28 at 8:29AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$41,532
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
