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Property profile & analytics
FOR LEASE
Office buildings
1201 S Myrtle Ave Clearwater, FL 33756
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-9874782
For Lease
1 / 32
$1,200,000
1201 S Myrtle Ave, Clearwater, FL 33756
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1963
Construction
CONCRETE BLOCKS
Total area
3,561 SF
Lot
0.34 ac (14,937 SF)
APN
21-29-15-58068-003-0090
UPID
US18-9874782
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Academic Alliance - Clearwater Medical Clinic
-
Akins Daniel L MD Physician Medical Clinic
-
Evangelia Nezis, MSN, APRN, FNP-BC Physician
-
Olympian Clinical Research (Clearwater) Medical Clinic
-
Semhar Mekonen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$904k
Blend (final)
Blend
$1.20M
Owner & transaction history
1201 S Myrtle Ave LLC · 1 yrs held
1201 S Myrtle Ave LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$740,000
+22.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Clearwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clearwater submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,055,000
7%
$980,000
Alternative Use
Use
Estimation
RETAIL STORES
$740,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Nov 21 2024)
Last sale anchor
$1.20M
Nov 21 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$337 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,565
Tax year 2023
Assessed value
$1,015,000
Assessed 2023
Previous assessed
$420,000
+141.7% YoY
Effective rate
1.93%
On assessed value
Land market value
$298,196
Improvement market value
$716,804
Total market value
$1,015,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1963
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
3
Total area
3,561 SF
Lot
0.34 ac (14,937 SF)
APN
21-29-15-58068-003-0090
UPID
US18-9874782
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$740,000
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
1201 S Myrtle Ave LLC
Entity
Mailing address
3 S SAMOSET CT, ROGERS, AR 72758-1463
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2024
—
1201 S Myrtle Ave LLC
Spark Rose Investments LLC
Quitclaim Deed
related
—
May 20, 2022
$1,200,000
Spark Rose Investments LLC
Clearwater Beach Firs LLC
Warranty Deed
—
May 30, 2017
—
Clearwater Beach Firs LLC
—
Deed
related
$595,000 · Usameribank
Jan 17, 2013
$350,000
Clearwater Beach Firs LLC
Daniel L Akins Md Pa
Grant Deed
—
—
—
Daniel L Akins Md Pa
—
Deed Of Trust
related
$300,000 · Synovus Bank
—
—
Daniel L Akins Md Pa
—
Deed Of Trust
related
$100,000 · First State Bank
—
—
Clearwater Beach Firs LLC
—
Deed Of Trust
related
$300,000 · Hancock Bank
—
—
Clearwater Beach Firs LLC
—
Deed Of Trust
related
$595,000 · Usameribank
—
—
Daniel L Akins Pa
—
Deed Of Trust
related
$250,000 · Mercantile Bank
—
—
Daniel L Akins Md Pa
—
Deed Of Trust
related
$300,000 · First State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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