Clearwater Industrial Park
For Sale
$4,150,000
Pending
1555 SUNSHINE Dr, Clearwater, FL 33765
Spacious warehouse with offices, loading dock, and ample parking.
Property Size25,000 SF
Lot Size1.29 Acres
Days on Market100
Property Features for 1555 SUNSHINE Dr
General Information
Standard status
Pending
Size
25,000 SF
Lot size
1.29 Acres
Property subtype
Industrial
Building Details
Year Built
1969
Listing Agency:
ALEXANDROS REAL ESTATE GROUP
(727) 685-6136
Listed By:
Dennis White
(727) 685-6136
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 11:22AM
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 ALEXANDROS REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
Located in Clearwater Industrial Park, this industrial warehouse offers over 25,000 square feet of space on a 1.29-acre lot. Constructed in 1969 and partially rebuilt in 2004, the property features a reception entry, two conference rooms, nine offices, a kitchen/breakroom, and four restrooms. Over 10,000 square feet of the warehouse is air-conditioned, with the remaining area fan-cooled. The warehouse includes a loading dock and two bays. The property provides ample parking spaces and is situated in Flood Zone X. The location offers a bike score of 70, indicating it is very bikeable, a walk score of 73, indicating it is very walkable, and a transit score of 33, indicating some transit options are available. Situated next to CSX, the property offers possible spur access if needed.
Key Highlights
- Prime Industrial Warehouse with over 25,000 sq ft in Clearwater Industrial Park
- Boasts over 10,000 sq. ft air‑conditioned warehouse space
- Loading dock and 2 Bays for efficient operations
Financial Insights For Warehouse
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 | $261.0k | $10.44 |
| − Vacancy | −$13.3k | −$0.53 |
| EGI | $247.7k | $9.91 |
| − OpEx | −$37.2k | −$1.49 |
| NOI | $210.5k | $8.42 |
25,000 SF · lease $10.44/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.01M
$2.63M – $3.51M
NOI $210,536 @ 7.0% cap · market cap 5.07%
Second Best
Industrial
$2.62M
$2.29M – $3.06M
NOI $183,347 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$7.01M
$6.14M – $8.18M
NOI $490,978 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,450
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33765, FL
13,844
Population
6,873
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
3,296
Density / Sq Mi
$61,910
Median Household Income
$40,535
Median Earnings
$1,585
Median Rent
$290,700
Median Home Value
Market
Properties on Market for Warehouses in Pinellas County
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Spacious warehouse with offices, loading dock, and ample parking.
Where is this warehouse located?
The property is located at 1555 SUNSHINE Dr Clearwater, FL.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: Prime Industrial Warehouse with over 25,000 sq ft in Clearwater Industrial Park; Boasts over 10,000 sq. ft air‑conditioned warehouse space; Loading dock and 2 Bays for efficient operations
