1200 Myrtle Ave Clearwater, FL 33755-3126
Property profile & analytics
1200 Myrtle Ave Clearwater, FL 33755-3126
- Retail space
- 8,320 SF
- 0.56 lot acres
Property ID
US18-3111933
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
- Blue Rhino Propane Exchange / Propane Supplier
- Family Dollar / Discount Store
Property Details for 1200 Myrtle Ave
- Year built
- 2014
- Construction
- FRAME
- Lot size
- 0.56 lot acres
- Property size
- 8,320 SF
- Property type
- Retail space
- APN
- 09-29-15-25920-000-0330
- APU
- 92915259200000330
Description
This exceptional investment opportunity presents a single-story, 8,320-square-foot Family Dollar convenience store situated on a 0.56-acre lot in Clearwater, Florida. Built in 2014, the property boasts an absolute NNN lease with zero landlord responsibilities, offering a secure and passive income stream. The lease has 5.7 years remaining, with CPI rental increases implemented every three years, ensuring consistent growth. Located in a prime submarket of Tampa, a thriving area recognized as the #1 place to live in Florida by Forbes Magazine, the property benefits from a dense population exceeding 152,667 within a 3-mile radius. The average household income in the immediate area is $58,637. The property offers an attractive 8.05% cap rate and is priced at $1,800,000. Family Dollar, a Fortune 500 company with a BBB credit rating from S&P Investments, provides a strong and stable tenant. Tampa's robust growth rate of 1.25% annually further enhances the long-term value of this investment. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,931,000
- AI Estimate
- $1,931,000
Market price range: $973k - $2.42MMarket price range: $973k - $2.42M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,730,000 Current use
- WAREHOUSE, STORAGE
- $1,695,000 Change: -2% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,670,000 Change: -3% Conversion: Difficult
- OFFICE BUILDING
- $1,485,000 Change: -14% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,465,000 Change: -15% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7963
- Latitude
- 27.9778
- 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
$25,252
$0.00
$0.00
$1,310,000
-
$423,523
$886,477
$1,310,000
