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    Imperial Cove First Floor Unit Title is generated by Realmo AI

    19029 US HIGHWAY 19 N 1-3, Clearwater, FL 33764

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    For Sale
    $179,500

    First floor unit with fine finishes and quality furnishings.

    Type:Condo/Townhome
    Property size:
    960 SF
    Lot size:
    0.98 Acres
    Price / SF:
    $186/SF
    Added:
    Mar 24, 2026
    Days on Market:
    56
    Last Refresh:
    Apr 6 at 3:52 am

    Property Features for 19029 US HIGHWAY 19 N 1-3

    General Information

    Standard status
    Active
    Size
    960 SF
    Lot size
    0.98 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Nancy Lee Zeimetz

    Listing agent Nancy Lee Zeimetz License #3265793

    Listing office CHARLES RUTENBERG REALTY INC

    Listing date Mar 24, 2026

    Source Exitrealty

    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 CHARLES RUTENBERG REALTY INC

    HighLights

    • First floor unit in waterfront community with heated pool.
    • Larger one bedroom unit with double lanai.
    • Includes furnishings and fine finishes throughout.
    • Granite countertops and white cabinetry in kitchen.
    • Updated bath and shower with large walk‑in master closet.
    • Condo fee includes extensive amenities: water, sewer, trash, cable, internet, insurance, maintenance, social director, clubhouse, fitness room, and sauna.

    Overview

    This first-floor unit in Imperial Cove features fine finishes and is being sold with quality furnishings. It is one of the larger one-bedroom units available, featuring a double lanai. The property includes an open-concept living/dining room, granite countertops in the kitchen, and white cabinetry. A large walk-in master closet complements an updated bath and shower. The monthly condo fee covers water, sewer, trash, cable, internet, exterior insurance, building and grounds maintenance, a social director, a community manager, a heated waterfront pool, a clubhouse, a fitness room, and a sauna. The property size is 960 square feet.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $131.6K
    NOI $11,848 @ 9.00% cap · cautious / downside scenario
    Moderate
    $169.3K
    NOI $11,848 @ 7.00% cap · market / base-case scenario
    Aggressive
    $237.0K
    NOI $11,848 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $23.0k $24.00
    − Vacancy −$1.5k −$1.56
    EGI $21.5k $22.44
    − OpEx −$9.7k −$10.10
    NOI $11.8k $12.34
    960 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $169.3K
    $148.1K – $197.5K (±1% cap)
    NOI $11,848 @ 7.0% cap · market cap 6.60%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $269.3K
    $235.7K – $314.2K (±1% cap)
    NOI $18,854 @ 7.0% cap · market cap 10.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bldg 33, Unit A Condominium Complex Imperial Cove Condominium ... Condominium Complex Hi-Res Homes Photography Service Villa Du MauBri Condominium Complex Nancy Zeimetz Charles ... Real Estate Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7281313
    Latitude
    27.9448021

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    FAQs

    What type of property is this?
    Residential income property - First floor unit with fine finishes and quality furnishings.
    Where is this residential income property located?
    The property is located at 19029 US HIGHWAY 19 N 1-3 Clearwater, FL.
    What is the asking price?
    The asking price for this property is $179,500.
    What are key features of this property?
    This property features: First floor unit in waterfront community with heated pool.; Larger one bedroom unit with **double lanai**.; Includes furnishings and fine finishes throughout.
    (727) 538-9200
    We can help!
    Listing Contact
    Nancy Lee Zeimetz
    Real Estate License ID: 3265793
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    19029 US HIGHWAY 19 N 1-3, CLEARWATER, FL 33764
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