Renovated Retail
For Sale
$1,950,000
1710 FORT HARRISON AVENUE, Clearwater, FL 33755
CG-zoned corner property with flexible utility metering and prominent monument signage.
Property Size10,148 SF
Price / SF$192.16
Days on Market178
Property Features for 1710 FORT HARRISON AVENUE
General Information
Standard status
Active
Size
10,148 SF
Total Parking Spaces
25
Property subtype
Retail
Zoning
CG
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$16,450
Amenities
three-phase electric
epoxy flooring
seven restrooms
new membrane roofing system
freshly painted interior and exterior
prominent monument signage
3
Corner Lot.
193x114
Corner, Paved Road.
Building Details
Year Built
1954
Listing Agency:
ENGEL & VOLKERS BELLEAIR
(727) 461-1000
Listed By:
Kelly Montgomery-Kepler · License #647245
Source:
Xome
Added: Feb 15
Changed: Aug 12
Last Checked: Aug 12 at 8:33AM
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 ENGEL & VOLKERS BELLEAIR
Investment Insights
Based on property information with market context.
This 10,148-square-foot retail building has undergone a comprehensive renovation, including fresh interior and exterior paint, epoxy flooring, and a new membrane roofing system installed in 2024. The property is equipped with three-phase electric, seven restrooms, and seven separate water meters, with the option to consolidate billing. Its configuration supports use by one business or multiple tenants.
Set on a paved corner lot measuring 193x114, the property includes 25 parking spaces and prominent monument signage. The site is positioned between downtown Clearwater and Dunedin on a high-traffic corner. CG zoning allows a broad range of commercial uses.
Set on a paved corner lot measuring 193x114, the property includes 25 parking spaces and prominent monument signage. The site is positioned between downtown Clearwater and Dunedin on a high-traffic corner. CG zoning allows a broad range of commercial uses.
Key Highlights
- 10,148‑square‑foot retail building on a 193x114 corner lot
- New membrane roofing system installed in 2024
- Three‑phase electric and durable epoxy flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,472
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,429,440
$2.4M
Cap Rate 7%
$1,735,314
$1.7M
Cap Rate 9%
$1,349,689
$1.3M
Market Conditions
NOI Build-Up for 10,148 SF
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.
Gross rent
$182.7K $18.00/SF
− Vacancy
−$9.1K −$0.90/SF
EGI
$173.5K $17.10/SF
− OpEx
−$52.1K −$5.13/SF
NOI
$121.5K $11.97/SF
Area
Clearwater, FL
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,429,440
Cap Rate 7%
$1,735,314
Cap Rate 9%
$1,349,689
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.02M
NOI $121,472 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,298 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 33755, FL
28,360
Population
11,872
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,156
Density / Sq Mi
$59,613
Median Household Income
$36,206
Median Earnings
$1,340
Median Rent
$300,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - CG-zoned corner property with flexible utility metering and prominent monument signage.
Where is this retail space located?
The property is located at 1710 FORT HARRISON AVENUE Clearwater, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 10,148‑square‑foot retail building on a 193x114 corner lot; New membrane roofing system installed in 2024; Three‑phase electric and durable epoxy flooring
