Mixed-Use Income Property with
1548 S Missouri Avenue Clearwater, FL 33756
1548 S Missouri Avenue, Clearwater, FL, 33756
$925,000
For Sale
$925,000
Two block-constructed buildings combine six multifamily units with one commercial space, with new roofs installed within the past year.
Property Size4,677 SF
Price / SF$197.78
Days on Market154
Property Features for 1548 S Missouri Avenue
General Information
- Standard status
- Active
- Size
- 4,677 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1954
Listing agency
BLUE PEAK REALTY LLC
(727) 777-7100
Listed by
Nicholas Catando
Source
Xome
Added: Feb 18 Updated: Jul 21 at 1:17PM Checked: Jul 21 at 1:17PM
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 BLUE PEAK REALTY LLC
Investment Insights
Based on property information with market context.
This mixed-use income property includes two buildings totaling five multifamily units and one commercial space. The property at 1540–1548 S. Missouri Avenue features two 1-bedroom/1-bath units, one studio unit, and one commercial space. The second building at 1172 Howard Street includes two 2-bedroom/1-bath units. Both buildings have block construction, separate water and electric meters, and have new roofs installed within the past year.
The multifamily interiors have updates including new kitchens, bathrooms, and windows. The commercial space is already included within the first building’s mix, supported by the building’s separate utilities structure.
Overall, the asset is configured as an income-producing mixed-use parcel with unit-level upgrades and recent roof replacements, designed to help reduce near-term capital demands.
The multifamily interiors have updates including new kitchens, bathrooms, and windows. The commercial space is already included within the first building’s mix, supported by the building’s separate utilities structure.
Overall, the asset is configured as an income-producing mixed-use parcel with unit-level upgrades and recent roof replacements, designed to help reduce near-term capital demands.
Key Highlights
- Mixed‑use property with 5 multifamily units and 1 commercial space across two buildings
- 1540–1548 S. Missouri Ave includes two 1BD/1BA units, one studio, and one commercial space
- 1172 Howard St includes two 2BD/1BA units
Local Financial Insights For Mixed Use
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 | $101.0k | $21.60 |
| − Vacancy | −$7.1k | −$1.51 |
| EGI | $94.0k | $20.09 |
| − OpEx | −$35.2k | −$7.53 |
| NOI | $58.7k | $12.56 |
4,677 SF · lease $21.60/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$838.9K
$734.0K – $978.7K
NOI $58,720 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$824.6K
$721.6K – $962.1K
NOI $57,724 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,852 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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FAQs
What type of property is this?
Mixed-use property - Two block-constructed buildings combine six multifamily units with one commercial space, with new roofs installed within the past year.
Where is this mixed-use property located?
The property is located at 1548 S Missouri Avenue Clearwater, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Mixed‑use property with 5 multifamily units and 1 commercial space across two buildings; 1540–1548 S. Missouri Ave includes two 1BD/1BA units, one studio, and one commercial space; 1172 Howard St includes two 2BD/1BA units
