Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1230 S Myrtle Ave Clearwater, FL 33756
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1230 S Myrtle Ave Clearwater, FL 33756

    View on Map
    • Office buildings
    • 14,932 SF
    • 1.77 lot acres
    For Sale
    $2,470,000
    View Listing →
    Downtown Clearwater Office Building Trio For Sale
    $2,470,000
    38,492 SF

    Downtown Clearwater Office Building Trio

    Three office buildings in downtown Clearwater, 94% occupancy.

    1230 S Myrtle Ave, Clearwater, FL
    View Listing
    Property ID
    US18-9522238
    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

    • Florida Wellness Institute / Alternative Medicine Practice
    • Kevin Granger, DC / Alternative Medicine Practice
    • Dr. Kimberly P. Odom, MD / Pediatrician / Medical Clinic
    • FedEx Drop Box / Postal Service / Courier Service
    • Save Our Loved Ones / Hospital

    Property Details for 1230 S Myrtle Ave

    Year built
    1983
    Construction
    CONCRETE BLOCKS
    Lot size
    1.77 lot acres
    Property size
    14,932 SF
    Property type
    Office buildings
    APN
    21-29-15-58068-009-0010
    APU
    212915580680090010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,469,000
      Market price range: $1.54M - $3.79M
      AI Estimate
      $2,469,000
      Market price range: $1.54M - $3.79M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,535,000
      Current use
      RETAIL STORES
      $3,105,000
      Change: +23% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,990,000
      Change: +18% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,630,000
      Change: +4% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,465,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7963
    Latitude
    27.9522
    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
    $35,179
    $0.00
    $0.00
    $1,825,000
    -
    $493,178
    $1,331,822
    $1,825,000

    Comparable in this City

    • Value Estimation by Request
      789 SF

      1224 Santa Rosa St

      OFFICE BUILDING • 789 SF
      1224 Santa Rosa St, Clearwater, FL 33756-5832
      View Details
    • Value Estimation by Request
      2,118 SF

      1555 Ft Harrison Ave

      PROFESSIONAL BUILDING • 2,118 SF
      1555 Ft Harrison Ave, Clearwater, FL 33756-2004
      View Details
    • Value Estimation
      $760,000
      4,418 SF

      1211 Reynolds Ave

      PROFESSIONAL BUILDING • 4,418 SF
      1211 Reynolds Ave, Clearwater, FL 33756-3353
      View Details
    • Value Estimation by Request
      1,600 SF

      1267 Ct St

      OFFICE BUILDING • 1,600 SF
      1267 Ct St, Clearwater, FL 33756-5807
      View Details
    • Value Estimation
      $2,585,000
      14,424 SF

      612 Druid E Rd

      PROFESSIONAL BUILDING • 14,424 SF
      612 Druid E Rd, Clearwater, FL 33756-3912
      View Details
    • Value Estimation by Request
      1,110 SF

      1101 Myrtle Ave

      PROFESSIONAL BUILDING • 1,110 SF
      1101 Myrtle Ave, Clearwater, FL 33756-3945
      View Details

    Similar Nearby for Sale

    • $6,000,000
      22,086 SF

      Iconic Office Building For Sale

      Landmark office building in Clearwater, Florida, with diverse businesses.
      1465 S Fort Harrison Ave, Clearwater, FL 33756
      View Details
    • $1,450,000
      7,064 SF

      Clearwater Office Building For Sale

      Two-story office building with 24 offices and ample parking.
      1253 Park St, Clearwater, FL 33756
      View Details
    • Contact for pricing
      3,515 SF

      Downtown Clearwater Office Property

      Two office buildings totaling 3,515 SF with 20 parking spaces.
      908 S Fort Harrison Ave, Clearwater, FL 33756
      View Details
    • $1,400,000
      9,360 SF

      Clearwater Office Building Investment Opportunity

      Strategically located 12-unit office building with high investment potential.
      1250 Rogers St, Clearwater, FL 33756
      View Details
    • Contact for pricing
      38,492 SF

      Downtown Clearwater Office Building Trio

      Three multi-tenant office buildings in downtown Clearwater, 97% occupied.
      1225 S Myrtle Ave, Clearwater, FL 33756
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Clearwater Medical/Professional Office Building

      Medical/Professional office building for lease on Gulf-to-Bay Blvd.
      501 S Lincoln Ave, Clearwater, FL 33756
      View Details
    • Contact for pricing

      Clearwater Office Space Available

      Office spaces for rent in Clearwater, Florida, starting at $750/month.
      1250 Rogers St, Clearwater, FL 33756
      View Details
    • New
      $18 SF/Yr
      2,984 SF

      Clearwater Medical Office Space Available

      Prime medical office space in Clearwater near Morton Plant Hospital.
      1005 Pinellas St, Clearwater, FL 33756
      View Details
    • Contact for pricing

      Medical Office Space Available

      Built-out medical office space for rent.
      612 Druid Rd, Clearwater, FL 33756
      View Details
    • Contact for pricing

      Clearwater Retail/Office Space Available

      Retail and office spaces available for lease in Clearwater.
      1224-1260 S Highland Ave, Clearwater, FL 33756
      View Details
    • $9 SF/Yr
      4,000 SF

      Clearwater Office Condo For Rent

      4,000 SF office condo available for rent, divisible.
      509 S Martin Luther King Jr Ave, Clearwater, FL 33756
      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.
    1230 S Myrtle Ave
    Clearwater, FL 33756
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!