Commercial Land with Existing
For Sale
Contact for pricing
Pending
2085 Gulf to Bay Blvd, Clearwater, FL 33764
Assemblage includes an income-producing automotive building, a former dealership, and a separately available parcel.
Property Size63,000 SF
Days on Market170
Property Features for 2085 Gulf to Bay Blvd
General Information
Standard status
Pending
Size
63,000 SF
Total Parking Spaces
1009
Property subtype
Retail, Land, Special Purpose
Zoning
C (Commercial District)
Building Details
Buildings
2
Units
1007
Tenancy
Single
Listing Agency:
Newmark Miami
Listed By:
Chase Deuschle · License #BK3168499
Source:
Crexi
Added: Apr 29
Changed: Oct 6
Last Checked: Oct 14 at 11:38PM
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 Newmark Miami
Investment Insights
Based on property information with market context.
This commercial land offering comprises two adjacent parcels totaling 10.92 acres in Clearwater, Florida. The 8.08-acre parcel contains a 2.05-acre building measuring 24,082 SF and occupied by Caliber Collision; the franchise is not included. The same parcel also includes a former dealership with rooftop parking.
The separate 2.84-acre parcel provides an additional component for ownership or investment use. C Commercial District zoning is identified for the property, with retail, service, office, and automotive uses supported in the source information. The assemblage is positioned along Gulf to Bay Boulevard within a major commercial corridor and near Clearwater Mall, U.S. 19, and major retailers.
The separate 2.84-acre parcel provides an additional component for ownership or investment use. C Commercial District zoning is identified for the property, with retail, service, office, and automotive uses supported in the source information. The assemblage is positioned along Gulf to Bay Boulevard within a major commercial corridor and near Clearwater Mall, U.S. 19, and major retailers.
Key Highlights
- Two adjacent parcels total 10.92 acres
- 8.08‑acre parcel includes a 2.05‑acre, 24,082 SF building
- Building is leased to Caliber Collision; franchise is not included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$754,110
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,082,200
$15.1M
Cap Rate 7%
$10,773,000
$10.8M
Cap Rate 9%
$8,379,000
$8.4M
Market Conditions
NOI Build-Up for 63,000 SF
Gross rent
$1.13M $18.00/SF
− Vacancy
−$56.7K −$0.90/SF
EGI
$1.08M $17.10/SF
− OpEx
−$323.2K −$5.13/SF
NOI
$754.1K $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 Rate 5%
$15,082,200
Cap Rate 7%
$10,773,000
Cap Rate 9%
$8,379,000
Alternative Uses
Best Use
Retail
$10.77M
$9.43M – $12.57M
NOI $754,110 @ 7.0% cap · market cap 3.99%
Second Best
Industrial
$6.60M
$5.78M – $7.70M
NOI $462,034 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$17.68M
$15.47M – $20.62M
NOI $1,237,264 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,559
Businesses Nearby
Explore this area
Business Placement
Demographics for 33764, FL
27,547
Population
15,193
Households
1.8
Avg Household Size
50
Median Age
32%
College-Educated
93%
High-School Grad
6.3 sq mi
ZIP Area
4,373
Density / Sq Mi
$64,573
Median Household Income
$45,949
Median Earnings
$1,622
Median Rent
$302,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Assemblage includes an income-producing automotive building, a former dealership, and a separately available parcel.
Where is this commercial land located?
The property is located at 2085 Gulf to Bay Blvd Clearwater, FL.
What is the asking price?
The asking price for this property is $18,900,000.
What are key features of this property?
This property features: Two adjacent parcels total 10.92 acres; 8.08‑acre parcel includes a 2.05‑acre, 24,082 SF building; Building is leased to Caliber Collision; franchise is not included
