Renovated Retail Building with
For Sale
$1,950,000
1710 N Fort Harrison Avenue CLEARWATER, Clearwater, FL 33755
Turnkey renovated retail building with epoxy flooring, three-phase electric, seven restrooms, and 25 parking spaces.
Property Size10,148 SF
Price / SF$205.35
Days on Market29
Property Features for 1710 N Fort Harrison Avenue CLEARWATER
General Information
Standard status
Active
Size
10,148 SF
Total Parking Spaces
25
Zoning
CG
Additional Details
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$16,450
Amenities
Concrete,Epoxy
true
Corner Lot,City Lot,Street Lights
21401
193 x 114
0.49
false
19 to 30 Spaces
Paved
Slab
Street Lights,Divided Highway,Main Throrughfare
10148
1
Building Details
Building Size
10,148 SF
Year Built
1954
Buildings
1
Listing Agency:
ENGEL & VOLKERS BELLEAIR
(904) 569-5862
Listed By:
Crystal Barling · License #647245
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 27
Changed: Aug 24
Last Checked: Aug 23 at 10:40AM
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.
Completely renovated commercial building designed for retail flexibility, offering durable epoxy flooring, three-phase electric, and seven restrooms. A new membrane roofing system was installed in 2024, and the interior and exterior have been freshly painted. The property is delivered clean and turnkey, with a configuration that can support one business or multiple tenants. Operational flexibility is supported by seven separate water meters, with the option to consolidate to a single bill.
Positioned on a high-traffic corner between downtown Clearwater and Dunedin, the site provides visibility and accessibility. The property includes 25 parking spaces and prominent monument signage.
Zoned CG, the building is suited to a wide range of commercial uses, offering options for both owner-users seeking a flagship setup and investors looking for versatility.
Positioned on a high-traffic corner between downtown Clearwater and Dunedin, the site provides visibility and accessibility. The property includes 25 parking spaces and prominent monument signage.
Zoned CG, the building is suited to a wide range of commercial uses, offering options for both owner-users seeking a flagship setup and investors looking for versatility.
Key Highlights
- Completely renovated commercial building with three‑phase electric and durable epoxy flooring
- New membrane roofing system installed in 2024; interior and exterior freshly painted
- 7 restrooms and multiple water meters (7 separate meters, option to consolidate to a single bill)
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
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 - Turnkey renovated retail building with epoxy flooring, three-phase electric, seven restrooms, and 25 parking spaces.
Where is this retail space located?
The property is located at 1710 N Fort Harrison Avenue CLEARWATER 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: Completely renovated commercial building with three‑phase electric and durable epoxy flooring; New membrane roofing system installed in 2024; interior and exterior freshly painted; 7 restrooms and multiple water meters (7 separate meters, option to consolidate to a single bill)
