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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Roosevelt Blvd Clearwater, FL 33762

    • Land
    • 10.35 lot acres
    For Lease
    View listing
    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

    Description

    This exceptional 10.35-acre industrial site presents a unique investment opportunity in Clearwater, Florida. Located at the northeast corner of Roosevelt Boulevard and Ulmerton Road, this property boasts 300 feet of frontage, offering unparalleled visibility and accessibility. Situated in Pinellas County's desirable "Gateway" submarket, the site benefits from its proximity to major transportation arteries, including Interstate 275, US Highway 19, and the Bayside Bridge, placing it within easy reach of the St. Pete-Clearwater International Airport. The property is zoned primarily E-2, with approximately one acre along Ulmerton Road zoned E-1. This land lease assignment offers a substantial area for development, ideal for various industrial uses. The site's strategic location, coupled with its size and zoning, makes it one of the few remaining mid-size industrial sites available in this highly sought-after area. The Gateway Expressway's planned route along the property's west side further enhances its long-term value and potential. This offering represents the assignment of a long-term lease held by the current tenant, providing a clear path to ownership. The property is located in unincorporated Pinellas County, Florida, with a zip code of 33762. The site is approximately 2.5 miles west of I-275/Howard Frankland Bridge and 2.5 miles east of US Highway 19 North. Easy access to 49th Street North is also a key advantage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.69
    Latitude
    27.894

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      1,092 SF

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      15610 Evergreen Ave, Unit 37

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      1,239 SF

      15626 Evergreen Ave, Unit 41

      CONDOMINIUMS (INDUSTRIAL) • 1,239 SF
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      1,092 SF

      15594 Evergreen Ave, Unit 9

      CONDOMINIUMS (INDUSTRIAL) • 1,092 SF
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    • Value Estimation by Request
      1,066 SF

      15500 Evergreen Ave, Unit 6E

      CONDOMINIUMS (INDUSTRIAL) • 1,066 SF
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      View Details

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      Vacant Corner Lot Ready to Build

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    Similar Nearby for Lease

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      450,846 SF

      Clearwater Industrial Land Lease

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      19,204 SF

      Class A Office Building

      Class A office building with waterfront views and modern amenities.
      1901 Ulmerton Rd, Clearwater, FL 33762
      View Details
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    Roosevelt Blvd
    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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