Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Condo in Caribay Community Title is generated by Realmo AI

    2980 HAINES BAYSHORE Rd 109, Clearwater, FL 33760

    View on Map
    Claim this Listing
    For Sale
    $224,000

    Ground-floor condo with Tampa Bay waterfront community amenities.

    Type:Commercial
    Property size:
    1,100 SF
    Price / SF:
    $203/SF
    Added:
    Apr 15, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 4 at 6:59 am

    Property Features for 2980 HAINES BAYSHORE Rd 109

    General Information

    Standard status
    Active
    Size
    1,100 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    Stephen Hachey
    Stephen Hachey

    Listing agent Stephen Hachey License #3389117

    Listing office Flat Fee MLS Realty

    Listing date Apr 15, 2026

    Source Elliman

    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 Flat Fee MLS Realty

    HighLights

    • Waterfront community on Tampa Bay with community pool, tennis courts, and waterfront access.
    • Convenient ground‑floor location with covered parking for easy, single‑level living.
    • Centrally located in Pinellas County with quick access to Clearwater Beach, Tampa International Airport, and downtown St. Petersburg.
    • Spacious 2‑bedroom, 2‑bath layout with private porch and in‑unit laundry.
    • Opportunity to customize and update the interior finishes.
    • Adjacent to Cove Cay golf course.

    Overview

    Located in the Caribay waterfront community along Tampa Bay in Clearwater, this ground-floor condominium features two bedrooms and two bathrooms. The residence offers approximately 1,100 square feet of living space with a functional layout and first-floor access. Covered parking is available. The interior includes a living and dining area that opens to a private porch. The primary bedroom suite has a private bathroom and a walk-in closet. The guest bedroom is located near a second bathroom. An in-unit laundry room is located adjacent to the kitchen. Caribay is a waterfront residential community providing residents access to a community swimming pool, tennis courts, and waterfront areas. The community is located next to the Cove Cay golf course. The private porch and backyard area offer views toward the Tampa Bay waterfront. The property offers an opportunity for buyers to update and customize the space. The property is centrally located within Pinellas County with access to destinations throughout the Tampa Bay area. Clearwater Beach is approximately 25 minutes away, and both Tampa International Airport and downtown St. Petersburg can be reached within approximately 20–25 minutes. The nearby US-19 corridor provides access to shopping, dining, medical services, and regional transportation.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $26.4k $24.00
    − Vacancy −$1.7k −$1.56
    EGI $24.7k $22.44
    − OpEx −$11.1k −$10.10
    NOI $13.6k $12.34
    1,100 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $193.9K
    $169.7K – $226.3K (±1% cap)
    NOI $13,576 @ 7.0% cap · market cap 6.06%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $308.6K
    $270.0K – $360.1K (±1% cap)
    NOI $21,603 @ 7.0% cap · market cap 9.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Same Day Repair ... Home Appliance Store Solo Appliance Repair ... Home Appliance Store Caribay Condominium Condominium Complex Training Perfected Business Management Consultant Rachel Moen Condominium Complex

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -82.7151333
    Latitude
    27.9314108

    Nearby Similar for Sale

    • $1,776,000
      9,600 SF

      Consolidated Office Condominium Suite

      Up to 9,600 SF of contiguous first-floor office space with flexible configurations for professional or medical use.
      611 DRUID ROAD E, CLEARWATER, FL 33756
      View Details
    • $659,000
      2,665 SF

      Clearwater Office on US Highway

      Versatile commercial office suite in a high-traffic Clearwater location.
      28960 US HIGHWAY 19 N, CLEARWATER, FL 33761
      View Details
    • $7,500,000
      8,335 SF

      Modern Office Building For Sale

      Striking office property with architectural presence and investment stability.
      19995 US HIGHWAY 19 N, CLEARWATER, FL 33764
      View Details
    • $350,000
      1,935 SF

      Downtown Clearwater Professional Office Condo

      Combined office condo near courthouse and Morton Plant Hospital.
      611 DRUID ROAD E, CLEARWATER, FL 33756
      View Details
    • $1,249,000
      3,633 SF

      Clearwater Multifamily Investment Opportunity

      Six-unit multifamily property in Clearwater with strong cash flow.
      1102 SUNSET POINT ROAD, CLEARWATER, FL 33755
      View Details
    • $1,450,000
      14,252 SF

      Clearwater Office Building For Sale

      Versatile commercial property in Clearwater with flexible office configurations.
      1253 PARK STREET, CLEARWATER, FL 33756
      View Details
    • $1,950,000
      9,496 SF

      Renovated Commercial Building in Clearwater

      Turnkey commercial building with flexible layout and high-traffic location.
      1710 N FORT HARRISON AVENUE, CLEARWATER, FL 33755
      View Details
    • $2,595,000
      11,000 SF

      Turnkey Warehouse and Storage Facility

      Multi-building warehouse, office, and self-storage setup offers secured operations and flexible income potential.
      1453 S MARTIN LUTHER KING JR AVENUE, CLEARWATER, FL 33756
      View Details
    • $1,200,000
      7,599 SF

      Clearwater Stand Alone Office Building

      Adaptable 7,599 sq ft building with 25 parking spaces.
      1610 N MYRTLE AVENUE, CLEARWATER, FL 33755
      View Details
    • $2,200,000
      9,799 SF

      Clearwater Mixed-Use Development Opportunity

      2.7-acre parcel in active commercial corridor with development flexibility.
      11400 US HIGHWAY 19 N, CLEARWATER, FL 33764
      View Details
    • $6,000,000
      22,086 SF

      Iconic Office Building For Sale

      Landmark office building in Clearwater, Florida, with diverse businesses.
      1465 S FORT HARRISON AVENUE, CLEARWATER, FL 33756
      View Details
    • $1,375,000
      3,561 SF

      Clearwater Commercial Building For Sale

      Freestanding building suitable for office, medical, or retail use.
      1201 S MYRTLE AVENUE, CLEARWATER, FL 33756
      View Details

    FAQs

    What type of property is this?
    Residential income property - Ground-floor condo with Tampa Bay waterfront community amenities.
    Where is this residential income property located?
    The property is located at 2980 HAINES BAYSHORE Rd 109 Clearwater, FL.
    What is the asking price?
    The asking price for this property is $224,000.
    What are key features of this property?
    This property features: Waterfront community on Tampa Bay with community pool, tennis courts, and waterfront access.; Convenient ground‑floor location with covered parking for easy, single‑level living.; Centrally located in Pinellas County with quick access to Clearwater Beach, Tampa International Airport, and downtown St. Petersburg.
    (813) 642-6030
    We can help!
    Listing Contact
    Stephen Hachey
    Stephen Hachey
    Real Estate License ID: 3389117
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2980 HAINES BAYSHORE Rd 109, Clearwater, FL 33760
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!