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    Roosevelt Blvd Clearwater, FL 33762
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    Roosevelt Blvd, Clearwater, FL 33762

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    • Land
    • 10.35 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Roosevelt Blvd

    Lot size
    10.35 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6914
    Latitude
    27.8942

    Comparable in this City

    • Value Estimation by Request
      10.35 Acres

      Roosevelt Blvd

      Land
      0 Roosevelt Blvd, Clearwater, FL 33762
      View Details
    • Value Estimation by Request
      1,092 SF

      15602 Evergreen Ave, Unit 17

      CONDOMINIUMS (INDUSTRIAL)
      15602 Evergreen Ave, Clearwater, FL 33762
      View Details
    • Value Estimation by Request
      1,239 SF

      15594 Evergreen Ave, Unit 20

      CONDOMINIUMS (INDUSTRIAL)
      15594 Evergreen Ave, Clearwater, FL 33762
      View Details
    • Value Estimation by Request
      1,092 SF

      15626 Evergreen Ave, Unit 56

      CONDOMINIUMS (INDUSTRIAL)
      15626 Evergreen Ave, Clearwater, FL 33762
      View Details
    • Value Estimation by Request
      1,460 SF

      15500 Evergreen Ave, Unit 2A

      CONDOMINIUMS (INDUSTRIAL)
      15500 Evergreen Ave, Clearwater, FL 33762-3020
      View Details
    • Value Estimation by Request
      1,460 SF

      15500 Evergreen Ave, Unit 6D

      CONDOMINIUMS (INDUSTRIAL)
      15500 Evergreen Ave, Clearwater, FL 33762-3020
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,200 SF

      Industrial Property For Sale

      10,200 SqFt industrial property available for purchase.
      12820 Daniel Dr, Clearwater, FL 33762
      View Details
    • $3,250,000
      Pending

      Fully Leased Industrial Asset

      Multi-unit property with stable income in a desirable location.
      4501 107Th Cir N, Clearwater, FL 33762
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    • $3,250,000
      Pending

      Fully Leased Clearwater Industrial Property

      Fully leased multi-unit industrial property in a well-located business area.
      4501 107Th Cir N, Clearwater, FL 33762
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    • Contact for pricing
      8,280 SF

      Pinellas Park Warehouse with Office

      Tenant-occupied warehouse with office space near US 19.
      4181 116Th Ter N, Clearwater, FL 33762
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    • Contact for pricing
      8,280 SF

      Pinellas Park Warehouse with Office

      Tenant-occupied warehouse with office space near US 19.
      4181 116Th Ter N, Clearwater, FL 33762
      View Details
    • Contact for pricing
      46,233 SF

      Warehouse-Office Facility in Central Pinellas

      46,233 SF warehouse-office property with digital signage and modern amenities.
      4677 118Th Ave N, Clearwater, FL 33762
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    Similar Nearby for Lease

    • Contact for pricing
      10,628 SF

      Clearwater Flex Space Available

      Flex space with office, grade-level doors, and truck well.
      10530 47Th St N, Clearwater, FL 33762
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    • Contact for pricing

      Clearwater Office/Warehouse Space Available

      26,081+ sq ft office/warehouse in Gateway area.
      12910 Automobile Blvd, Clearwater, FL 33762
      View Details
    • Contact for pricing

      Clearwater Office/Warehouse with Loading Doors

      26,081+ SF office/warehouse in Gateway area, Clearwater, FL.
      12910 Automobile Blvd, Clearwater, FL 33762
      View Details
    • Contact for pricing

      Clearwater Office/Warehouse with Truck Well

      16,900 SF office/warehouse with covered truck well in Clearwater.
      13000 Automobile Blvd, Clearwater, FL 33762
      View Details
    • Contact for pricing

      Roosevelt Blvd Flex Space

      Flex space with showroom, retail, office, and warehouse potential.
      13670 Roosevelt Blvd, Clearwater, FL 33762
      View Details
    • $111,078
      1,248 SF

      Clearwater Flex Space Available

      Flex space available in a convenient Clearwater location.
      13555 Automobile Blvd, Clearwater, FL 33762
      View Details
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    Clearwater, FL 33762
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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.

    More about this property
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