Financial
Distress signals
Property profile

1255 Cleveland St Clearwater, FL 33755

FOR LEASE
Office buildings
Property ID
US18-2830148
49,592 SF 1.21 ac lot Built 1968
Last sale Dec 2021 · $4,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a multi-tenant office building constructed in 1968, with office space on the fourth floor configured to support up to approximately 15,000 square feet for a corporate headquarters layout. The fourth-floor interior includes large private offices, a break room, and a balcony with views toward the coastal side of Downtown Clearwater. Access is provided through a dedicated entrance with an elevator-lobby reception area. The building is designed for continuous tenant access (24/7)

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$82k
Tax billed · 2023
Assessed value$4.05M
Effective rate2.02%

Value estimate

· Sep 2026
$5.35M
$4.82M – $5.89M
Sales comparison$6.30M
NOI build-up
Gross scheduled income$391k
Vacancy & credit loss−$30k
Operating expenses−$90k
NOI · 101.89% cap applied$270k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$178/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$127 – $232
Qualifying comparables3

Cap rate analysis

How does the asset earn?
101.89%
$270k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPINELLAS

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store9.7
Veterinary Clinic8.5
Locksmith8.5

Location

1255 Cleveland St Clearwater, FL 33755
County assessor Recorded deeds · 12 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20 Ft Harrison, Clearwater, FL 33755-4036 $5,775,000 Mar 2025 7,692 SF
600 Cleveland, Clearwater, FL 33755-4151 $33,200,000 Apr 2024 144,346 SF
1000 Cleveland, Clearwater, FL 33755-4514 $2,150,000 Jun 2023 6,575 SF
1164 Cleveland, Clearwater, FL 33755-4836 $2,000,000 Apr 2022 15,572 SF
912 Drew, Clearwater, FL 33755-4550 $800,000 Oct 2020 9,360 SF
1499 Gulf To Bay, Clearwater, FL 33755-5325 $3,300,000 Sep 2020 23,454 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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