Conventional Restaurant with Central
For Sale
$74,500
2454 MCMULLEN BOOTH ROAD 303, Clearwater, FL 33759
Clearwater restaurant property with central air conditioning serving the interior.
Property Size525 SF
Price / SF$141.90
Days on Market111
Property Features for 2454 MCMULLEN BOOTH ROAD 303
General Information
Standard status
Active
Size
525 SF
Property subtype
Business Opportunity
Amenities
Central Air
Central
Listing Agency:
(863) 529-1842
Listed By:
DAYANA SEGURA
(863) 529-1842
Source:
Evrealestate
Added: May 13
Changed: Aug 29
Last Checked: Aug 30 at 1:55PM
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 DAYANA SEGURA
Investment Insights
Based on property information with market context.
This conventional restaurant property is identified with central air conditioning and central interior features. The asset is located in Clearwater, within Pinellas County, Florida. The recorded property size is 525.
Key Highlights
- Central air conditioning
- Clearwater location in Pinellas County, Florida
- Recorded property size of 525
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
$6,284
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
8.43%
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%
$125,680
$125.7K
Cap Rate 7%
$89,771
$89.8K
Cap Rate 9%
$69,822
$69.8K
Market Conditions
NOI Build-Up for 525 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
$9.5K $18.00/SF
− Vacancy
−$473 −$0.90/SF
EGI
$9.0K $17.10/SF
− OpEx
−$2.7K −$5.13/SF
NOI
$6.3K $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%
$125,680
Cap Rate 7%
$89,771
Cap Rate 9%
$69,822
Alternative Uses
Best Use
Specialty Retail
$103.1K
$90.3K – $120.3K
NOI $7,220 @ 7.0% cap · market cap 9.69%
Second Best
Retail
$89.8K
$78.6K – $104.7K
NOI $6,284 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$147.3K
$128.9K – $171.9K
NOI $10,311 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
137k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 31%
Hotels & Casinos 2%
Beauty & Spa 1%
McDonald's
Dining
28,557 visits/mo
0.2 miles
Taco Bell
Dining
16,247 visits/mo
0.2 miles
Dollar Tree
Shops & Services
14,986 visits/mo
0.1 miles
Starbucks
Dining
12,047 visits/mo
0.3 miles
Anthony's Coal Fired Pizza
Dining
10,154 visits/mo
0.3 miles
Demographics for 33759, FL
18,316
Population
8,821
Households
2.1
Avg Household Size
44
Median Age
37%
College-Educated
91%
High-School Grad
5.3 sq mi
ZIP Area
3,456
Density / Sq Mi
$63,804
Median Household Income
$46,213
Median Earnings
$1,771
Median Rent
$295,000
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?
Conventional restaurant - Clearwater restaurant property with central air conditioning serving the interior.
Where is this conventional restaurant located?
The property is located at 2454 MCMULLEN BOOTH ROAD 303 Clearwater, FL.
What is the asking price?
The asking price for this property is $74,500.
What are key features of this property?
This property features: Central air conditioning; Clearwater location in Pinellas County, Florida; Recorded property size of 525
