1194 Cleveland St Clearwater, FL 33755-4837
Property profile & analytics
1194 Cleveland St, Clearwater, FL 33755-4837
- Grocery and convenience stores
- 300 SF
- 0.35 lot acres
Property ID
US18-5037382
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.
Location Intelligence
Current Use by Public Records
- Sandwichi / Restaurant
- Shell / Gas Station
- Drew Gas Express / Grocery & Convenience Store
Property Details for 1194 Cleveland St
- Year built
- 1960
- Construction
- STEEL FRAME
- Lot size
- 0.35 lot acres
- Property type
- Grocery and convenience stores
- APN
- 15-29-15-03060-003-0010
- APU
- 152915030600030010
Description
This exceptional Clearwater, Florida, retail investment presents a compelling opportunity for discerning investors. The property, a Shell-branded gas station and convenience store, boasts a prime location at the intersection of NE Cleveland Street and Drew Street, benefiting from high vehicular traffic and proximity to Downtown Clearwater and Clearwater Beach. The 100% occupied property features four gas pumps and a recently renovated building (2022), including new HVAC, pumps, tanks, canopy, and signage. A strong, long-term lease with Shell is in place, offering an absolute NNN lease structure with a remaining term of 16.7 years, extending to July 17, 2041. The lease includes built-in rent bumps of 10% every five years, providing consistent income growth. The property's current Net Operating Income (NOI) is $120,000, yielding an attractive 7.00% cap rate. Built in 1960, this well-maintained asset offers a stable, predictable income stream in a rapidly growing market, making it an ideal addition to any portfolio. The convenience store component further enhances the property's appeal, diversifying revenue streams and catering to a broader customer base. This turnkey investment opportunity combines a desirable location, a strong tenant, and a secure lease structure, promising both immediate returns and long-term appreciation potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7886
- Latitude
- 27.9679
- 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
$10,987
$0.00
$0.00
$570,000
-
$311,178
$258,822
$570,000
