Freestanding Flex Warehouse with
1356 Cleveland Street Clearwater, FL 33755
1356 Cleveland Street, Clearwater, FL, 33755
$589,000
For Sale
$589,000
Freestanding block flex warehouse with insulated walls, newer AC, overhead door, and a 7-spot parking lot.
Property Size1,474 SF
Price / SF$399.59
Days on Market288
Property Features for 1356 Cleveland Street
General Information
- Standard status
- Active
- Size
- 1,474 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1958
Listing agency
REAL BROKER, LLC
(309) 948-3443
Listed by
Alan Hon · License #3614760
(309) 948-3443
Source
Compass
Added: Oct 8, 2025 Updated: Jul 22 at 12:37AM Checked: Jul 22 at 12:37AM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
This freestanding block commercial property offers 1,474 square feet of raw gallery and warehouse space, arranged in two halves and finished with insulated block walls and ceiling. The building includes newer AC units, two bathrooms, and an overhead industrial door on the side. A front gallery area features newer drywall along with cool, heavy-duty retail windows and a front entry door.
The City recently updated the surrounding Clearwater area, including new roads and paved sidewalks, and the property is set amid newly installed landscaping. The building also includes its own 7-spot parking lot.
Located in a Commercial Flexible Zone, the property is described as offering flexibility for multiple businesses. Owner financing is available, with proof of downpayment funds required. Please do not attempt to enter the building; it is currently occupied.
The City recently updated the surrounding Clearwater area, including new roads and paved sidewalks, and the property is set amid newly installed landscaping. The building also includes its own 7-spot parking lot.
Located in a Commercial Flexible Zone, the property is described as offering flexibility for multiple businesses. Owner financing is available, with proof of downpayment funds required. Please do not attempt to enter the building; it is currently occupied.
Key Highlights
- 1,474 sqft freestanding block commercial building with raw gallery and warehouse space (2 halves) and high ceilings
- Insulated block walls and ceiling with newer AC units; central heating and central air
- Overhead industrial door on the side plus retail‑style front windows and door
Local Financial Insights For Retail
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 | $26.5k | $18.00 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $25.2k | $17.10 |
| − OpEx | −$7.6k | −$5.13 |
| NOI | $17.6k | $11.97 |
1,474 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$252.1K
$220.6K – $294.1K
NOI $17,644 @ 7.0% cap · market cap 3.00%
Second Best
Flex RnD
$190.5K
$166.7K – $222.3K
NOI $13,335 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$413.5K
$361.9K – $482.5K
NOI $28,948 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jade Savage Tattoos
Tattoo & Piercing Shop
Lou's Tattoos
Tattoo & Piercing Shop
Revival Tattoo Collective
Tattoo & Piercing Shop
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FAQs
What type of property is this?
Flex space - Freestanding block flex warehouse with insulated walls, newer AC, overhead door, and a 7-spot parking lot.
Where is this flex space located?
The property is located at 1356 Cleveland Street Clearwater, FL.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 1,474 sqft freestanding block commercial building with raw gallery and warehouse space (2 halves) and high ceilings; Insulated block walls and ceiling with newer AC units; central heating and central air; Overhead industrial door on the side plus retail‑style front windows and door
