Retail Property with Two Leased
For Sale
$1,250,000
1726 FORT HARRISON AVENUE, Clearwater, FL 33755
Commercially zoned site in Clearwater with an operating restaurant and dress shop occupying separate buildings.
Property Size2,836 SF
Lot Size0.30 Acres
Price / SF$440.76
Days on Market357
Property Features for 1726 FORT HARRISON AVENUE
General Information
Standard status
Active
Size
2,836 SF
Lot size
0.30 Acres
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$3,808
Amenities
Central Air
3
Paved Driveway.
105x125
Central Business District, Alley, City Road, Asphalt.
Building Details
Year Built
1953
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
CAPITAL REALTY INVESTMENT GRP
(813) 625-6900
Listed By:
Rhett Pennington · License #3215635
Source:
Xome
Added: Aug 19, 2025
Changed: Aug 9
Last Checked: Aug 10 at 2:24AM
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 CAPITAL REALTY INVESTMENT GRP
Investment Insights
Based on property information with market context.
This Clearwater retail property comprises a 13,261-square-foot parcel with two leased commercial buildings. One structure is configured as a restaurant, while the other operates as a dress shop. The site is designated for commercial use and includes central air, a paved driveway, and access from a city road and alley.
The property is located at 1726 Fort Harrison Avenue, with additional adjoining residential parcels identified at 1740 and 1738 N Fort Harrison Avenue and 413 Pleasant Street. Those parcels may be available separately or together, potentially creating a combined 30,750-square-foot assemblage. Any broader redevelopment concept would require approval from the Building Plans Review Committee.
The property is located at 1726 Fort Harrison Avenue, with additional adjoining residential parcels identified at 1740 and 1738 N Fort Harrison Avenue and 413 Pleasant Street. Those parcels may be available separately or together, potentially creating a combined 30,750-square-foot assemblage. Any broader redevelopment concept would require approval from the Building Plans Review Committee.
Key Highlights
- 13,261‑square‑foot commercial parcel at 1726 Fort Harrison Avenue
- Two leased buildings: a restaurant and a dress shop
- Commercial zoning with potential consideration of tourist zoning
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
$39,001
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
3.12%
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%
$780,020
$780.0K
Cap Rate 7%
$557,157
$557.2K
Cap Rate 9%
$433,344
$433.3K
Market Conditions
NOI Build-Up for 2,836 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
$54.5K $19.20/SF
− Vacancy
−$2.5K −$0.86/SF
EGI
$52.0K $18.34/SF
− OpEx
−$13.0K −$4.58/SF
NOI
$39.0K $13.75/SF
Area
Clearwater, FL
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$780,020
Cap Rate 7%
$557,157
Cap Rate 9%
$433,344
Alternative Uses
Best Use
Specialty Retail
$557.2K
$487.5K – $650.0K
NOI $39,001 @ 7.0% cap · market cap 3.12%
Second Best
Retail
$485.0K
$424.3K – $565.8K
NOI $33,947 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$795.7K
$696.2K – $928.3K
NOI $55,696 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Retail space - Commercially zoned site in Clearwater with an operating restaurant and dress shop occupying separate buildings.
Where is this retail space located?
The property is located at 1726 FORT HARRISON AVENUE Clearwater, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 13,261‑square‑foot commercial parcel at 1726 Fort Harrison Avenue; Two leased buildings: a restaurant and a dress shop; Commercial zoning with potential consideration of tourist zoning
