Renovated Storefront
For Sale
$1,950,000
1710 N FORT HARRISON AVENUE, Clearwater, FL 33755
CLEARWATER, FL
Property Size9,496 SF
Price / SF$205.35
Days on Market46
Property Features for 1710 N FORT HARRISON AVENUE
General Information
Property type
Residential
Property subtype
Retail
Subdivision
SUNBURST COURT
Standard status
Active
Size
9,496 SF
Amenities
three-phase electric
epoxy flooring
seven restrooms
new membrane roofing system
freshly painted interior and exterior
seven separate water meters
monument signage
Building Details
Year built
1954
Listing Agency:
Engel & Volkers Belleair · Engel & Völkers
(727) 461-1000
Listed By:
Kelly Montgomery-Kepler · License #647245
Added: Jul 15
Changed: Aug 20
Last Checked: Aug 29 at 4:06PM
MLS# TB8481320
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 9,496-square-foot storefront building was constructed in 1954 and has undergone substantial updates. Improvements include a membrane roof installed in 2024, new interior and exterior paint, epoxy flooring, three-phase electric service, and seven restrooms. Seven individual water meters are in place, with the option to combine billing under one account. The layout can accommodate a single business or multiple occupants, subject to applicable approvals.
The property occupies a corner position between downtown Clearwater and Dunedin, providing access to both areas. On-site features include 25 parking spaces and prominent monument signage. CG zoning supports a broad range of commercial uses, while the building’s location, configuration, and utility setup provide flexibility for an owner-user or multi-occupant operation.
The property occupies a corner position between downtown Clearwater and Dunedin, providing access to both areas. On-site features include 25 parking spaces and prominent monument signage. CG zoning supports a broad range of commercial uses, while the building’s location, configuration, and utility setup provide flexibility for an owner-user or multi-occupant operation.
Key Highlights
- 9,496‑square‑foot storefront building on a corner site
- Membrane roofing system installed in 2024
- Three‑phase electric, epoxy flooring, and fresh interior and exterior paint
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
$113,667
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
5.83%
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%
$2,273,340
$2.3M
Cap Rate 7%
$1,623,814
$1.6M
Cap Rate 9%
$1,262,967
$1.3M
Market Conditions
NOI Build-Up for 9,496 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
$170.9K $18.00/SF
− Vacancy
−$8.5K −$0.90/SF
EGI
$162.4K $17.10/SF
− OpEx
−$48.7K −$5.13/SF
NOI
$113.7K $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%
$2,273,340
Cap Rate 7%
$1,623,814
Cap Rate 9%
$1,262,967
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,667 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.33M – $3.11M
NOI $186,493 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Under-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Storefront property - CG-zoned commercial building with flexible utility metering, monument signage, and adaptable occupancy potential.
Where is this storefront property located?
The property is located at 1710 N 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: 9,496‑square‑foot storefront building on a corner site; Membrane roofing system installed in 2024; Three‑phase electric, epoxy flooring, and fresh interior and exterior paint
