Clearwater Retail Plaza For
1446 Gulf to Bay Blvd Clearwater, FL 33755
1446 Gulf to Bay Blvd, Clearwater, FL, 33755
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For Sale
Contact for pricing
Eight-unit retail plaza on Gulf to Bay Blvd in Clearwater.
Property Size6,564 SF
Price / SF$243.75
Days on Market1218
Property Features for 1446 Gulf to Bay Blvd
General Information
- Standard status
- Active
- Size
- 6,564 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1955
Listing Agency
High Point Realty Inc
(727) 466-6697
Listed by
David Kerr · License #FL BK3235605
Source
Crexi
Added: Mar 17, 2023 Checked: Jul 16 at 6:10 am
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 High Point Realty Inc
Investment Insights
Based on property information with market context.
This eight-unit retail plaza is located on Gulf to Bay Boulevard in Clearwater. The property has been newly landscaped and improved. Each unit is equipped with its own electric and water service. Parking is available at the front and rear of the building. The property has undergone many updates. Seller financing will be considered. The property size is 6,564 square feet.
Key Highlights
- Great 8 unit plaza on Gulf to Bay Blvd.
- Each unit has its own electric and water service.
- Good parking front and rear.
Local Financial Insights For Retail
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 | $118.2k | $18.00 |
| − Vacancy | −$5.9k | −$0.90 |
| EGI | $112.2k | $17.10 |
| − OpEx | −$33.7k | −$5.13 |
| NOI | $78.6k | $11.97 |
6,564 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.12M
$982.1K – $1.31M
NOI $78,571 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,911 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mlords Hairstyle
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Roma Square Shopping Center — 2011-2015 Gulf to Bay Blvd, Clearwater, FL 33765
- Florida MV Express Kiosk — 1663 Gulf to Bay Blvd, Clearwater, FL 33755
- Highland Plaza — S Highland Ave, Clearwater, FL 33756
- Coin Cloud Bitcoin ATM — 2007 Gulf to Bay Blvd, Clearwater, FL 33765
- Coin Cloud Bitcoin ATM — 1698 Gulf to Bay Blvd, Clearwater, FL 33755
FAQs
What type of property is this?
Shopping center - Eight-unit retail plaza on Gulf to Bay Blvd in Clearwater.
Where is this shopping center located?
The property is located at 1446 Gulf to Bay Blvd Clearwater, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Great 8 unit plaza on Gulf to Bay Blvd.; Each unit has its own electric and water service.; Good parking front and rear.
