Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    101 N Starcrest Dr Clearwater, FL 33765
    Back to Search
    Property profile & analytics

    101 N Starcrest Dr, Clearwater, FL 33765

    View on Map
    • Office buildings
    • 27,968 SF
    • 3.37 lot acres
    For Sale
    $3,950,000
    View Listing →
    Renovated Clearwater Office Building For Sale
    $3,950,000
    31,526 SF

    Renovated Clearwater Office Building

    Fully renovated, tenant-occupied office building in Clearwater, Florida.

    101 N STARCREST DRIVE, Clearwater, FL 33765
    View Listing
    Property ID
    US18-4572162
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bouchard Insurance, A Marsh & McLennan Agency LLC Company / Insurance Agency
    • FedEx Drop Box / Postal Service / Courier Service
    • Almaraz Samantha / Insurance Agency

    Property Details for 101 N Starcrest Dr

    Year built
    1973
    Construction
    CONCRETE BLOCKS
    Lot size
    3.37 lot acres
    Property type
    Office buildings
    APN
    13-29-15-00000-110-0700
    APU
    132915000001100700

    Description

    This exceptional Class A office building in Clearwater, Florida presents a compelling investment opportunity. The 31,526 square foot, two-story building sits on a 3.36-acre lot and is fully leased to a credit-rated tenant, Marsh McLennan, under a gross lease agreement. The current lease, commencing February 1, 2024, and expiring January 31, 2029, provides a remaining term of 4.2 years with a 3% annual rent bump. The property boasts a strong pro-forma NOI of $333,000. Extensive renovations were completed in 2019, encompassing a full interior remodel with Class A finishes, including new millwork, upgraded interior finishes, modern partitions, stylish flooring, energy-efficient LED lighting, updated restrooms, and elegant interior doors with glass sidelights. The HVAC units were largely replaced in 2018/2019, and a new roof was installed in 2021. The building features a prominent monument sign, ample surface parking, and mature landscaping. Interior amenities include a spacious lobby with a circular driveway, a boardroom, coffee/catering station, multiple meeting/conference rooms, breakrooms on each floor, training rooms, storage, and various sized private offices, along with dedicated mail and IT rooms. The property is zoned for office use and offers a mix of private offices and open areas suitable for cubicles. This stabilized investment property is a rare find in the desirable Clearwater market. The asking price is $4,600,000. Pinellas County APN: 13-29-15-00000-110-0700.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,130,000
      Market price range: $4.13M - $6.50M
      AI Estimate
      $4,130,000
      Market price range: $4.13M - $6.50M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,290,000
      Current use
      RETAIL STORES
      $5,815,000
      Change: +10% Conversion: Moderate
      WAREHOUSE, STORAGE
      $5,605,000
      Change: +6% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,925,000
      Change: -7% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,615,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.749
    Latitude
    27.9662
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $52,624
    $0.00
    $0.00
    $2,730,000
    -
    $765,410
    $1,964,590
    $2,730,000

    Comparable in this City

    • Value Estimation
      $3,550,000
      21,878 SF

      1875 Belcher Rd Ste, Unit 101

      OFFICE BUILDING (MULTI-STORY)
      1875 Belcher Rd Ste, Clearwater, FL 33765-1446
      View Details
    • Value Estimation
      $3,300,000
      15,966 SF

      2251 Drew St

      PROFESSIONAL BUILDING
      2251 Drew St, Clearwater, FL 33765-3306
      View Details
    • Value Estimation by Request
      1,483 SF

      301 Belcher Rd

      OFFICE BUILDING
      301 Belcher Rd, Clearwater, FL 33765-2605
      View Details
    • Value Estimation
      $1,070,000
      4,603 SF

      906 Belcher Rd

      PROFESSIONAL BUILDING
      906 Belcher Rd, Clearwater, FL 33765-2105
      View Details
    • Value Estimation by Request
      1,960 SF

      1904 Drew St

      OFFICE BUILDING
      1904 Drew St, Clearwater, FL 33765-3023
      View Details
    • Value Estimation by Request
      1,944 SF

      1955 Drew St

      OFFICE BUILDING
      1955 Drew St, Clearwater, FL 33765-3026
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Renovated Clearwater Office Building

      Fully renovated, tenant-occupied office building in Clearwater, Florida.
      101 N Starcrest Dr, Clearwater, FL 33765
      View Details
    • Contact for pricing

      Clearwater Commercial Property For Sale

      Prime commercial property with modern architecture and ample parking.
      2560 Gulf To Bay Blvd, Clearwater, FL 33765
      View Details
    • $1,900,000

      Clearwater Office Building For Sale

      Five-tenant office building with medical users, income, and growth potential.
      701 N Hercules Ave, Clearwater, FL 33765
      View Details
    • Contact for pricing

      Clearwater Office Building For Sale

      Prime commercial property with modern architecture and versatile floor plans.
      2560 Gulf To Bay Blvd, Clearwater, FL 33765
      View Details
    • Contact for pricing
      11,168 SF

      Clearwater Office Building For Sale

      Five-tenant office building with medical users in north Clearwater.
      701 N Hercules Ave, Clearwater, FL 33765
      View Details
    • $795,000
      Pending

      Office Building with Leased Space

      Office building with income-producing first floor and owner-occupied second floor.
      2139 NE Coachman Rd, Clearwater, FL 33765
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,188 SF

      Freestanding Building Near Gulf to Bay

      Freestanding building with versatile floor plan and natural light.
      407 S Arcturas Ave, Clearwater, FL 33765
      View Details
    • Contact for pricing
      5,590 SF

      Clearwater Office Building For Rent

      Class B office building with 5590 square feet available.
      407 N Belcher Rd, Clearwater, FL 33765
      View Details
    • Contact for pricing

      Clearwater Office Space For Lease

      7,200 SF office space in Clearwater, ready for occupancy.
      2340 Drew St, Clearwater, FL 33765
      View Details
    • Contact for pricing
      3,422 SF

      Clearwater Office Space For Rent

      Well-maintained office park with 24/7 access in Clearwater, FL.
      50 S Belcher Rd, Clearwater, FL 33765
      View Details
    • $75,600

      Versatile Office/Medical Space Available

      3,376 SF office/medical space for rent with ample parking.
      2339 Sunset Point Rd, Clearwater, FL 33765
      View Details
    View Listing
    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.
    101 N Starcrest Dr
    Clearwater, FL 33765
    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
    101 N Starcrest Dr, Clearwater, FL, 33765
    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!