Landmark Office Building For
For Sale
$5,750,000
1465 S Fort Harrison Avenue CLEARWATER, Clearwater, FL 33756
Iconic two-story office building in a sought-after location.
Property Size23,841 SF
Price / SF$260.35
Days on Market181
Property Features for 1465 S Fort Harrison Avenue CLEARWATER
General Information
Standard status
Active
Size
23,841 SF
Taxes and HOA fees
Annual Taxes
$51,380
Building Details
Building Size
23,841 SF
Year Built
1989
Buildings
1
Listed By:
MeLissa Pellerito
(904) 447-1321
Source:
Yourfhrm
Added: Apr 24
Changed: Oct 6
Last Checked: Oct 7 at 9:32AM
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 MeLissa Pellerito
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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.
Belleair Landing is a landmark two-story office building located at the corner of S. Fort Harrison Avenue and Belleview Boulevard, directly across from the Belleair Country Club Golf Course. The property features 16 office suites and houses a mix of local and national businesses. The building is anchored by the Wildflower Café. Constructed of solid concrete, the property includes on-site parking and has undergone recent capital improvements, including a newer roof, fresh exterior paint, a newly paved parking lot, and updated landscaping. The lobby features an elevator and staircase. Located just outside of Belleair, the property has architecture and a signature blue exterior. Additional features include building signage and a tall, illuminated pylon sign providing exposure along Fort Harrison Avenue. It is located near the Pinellas Trail, Pelican Golf Club, and Clearwater Beach. The property is located in a bikeable area with a score of 66, a very walkable area with a score of 76, and some transit options with a score of 38.
Key Highlights
- Highly visible location at a signalized corner across from Belleair Country Club, in a sought‑after corridor.
- Landmark building with prominent signage and high exposure on Fort Harrison Avenue.
- Anchored by the popular Wildflower Café, a destination for residents and visitors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$398,126
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,962,520
$8.0M
Cap Rate 7%
$5,687,514
$5.7M
Cap Rate 9%
$4,423,622
$4.4M
Market Conditions
NOI Build-Up for 22,086 SF
Gross rent
$575.1K $26.04/SF
− Vacancy
−$44.3K −$2.01/SF
EGI
$530.8K $24.03/SF
− OpEx
−$132.7K −$6.01/SF
NOI
$398.1K $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%
$7,962,520
Cap Rate 7%
$5,687,514
Cap Rate 9%
$4,423,622
Alternative Uses
Best Use
Office B
$5.69M
$4.98M – $6.64M
NOI $398,126 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.20M
$5.42M – $7.23M
NOI $433,749 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,256
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Iconic two-story office building in a sought-after location.
Where is this office building located?
The property is located at 1465 S Fort Harrison Avenue CLEARWATER Clearwater, FL.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Highly visible location at a signalized corner across from Belleair Country Club, in a sought‑after corridor.; Landmark building with prominent signage and high exposure on Fort Harrison Avenue.; Anchored by the popular Wildflower Café, a destination for residents and visitors.
