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    Property profile & analytics

    1338 Pierce St Clearwater, FL 33756-7001

    • Apartment buildings
    • 9,598 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimations
    $1,395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3038566
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1338 Pierce St

    Year built
    1972
    Construction
    CONCRETE BLOCKS
    Lot size
    0.44 lot acres
    Property size
    9,598 SF
    Property type
    Apartment buildings
    APN
    15-29-15-38574-026-0010
    APU
    152915385740260010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,397,000
      Market price range: $1.40M - $2.77M
      AI Estimate
      $1,397,000
      Market price range: $1.40M - $2.77M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,920,000
      Current use
      RETAIL STORES
      $1,995,000
      Change: +4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,690,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $1,630,000
      Change: -15% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,585,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7817
    Latitude
    27.9643
    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
    $18,701
    $0.00
    $0.00
    $975,000
    -
    $289,733
    $685,267
    $975,000

    Comparable in this City

    • Value Estimation
      $2,785,000
      19,120 SF

      1255 Jeffords St

      APARTMENT HOUSE (5+ UNITS) • 19,120 SF
      1255 Jeffords St, Clearwater, FL 33756-8210
      View Details
    • Value Estimation
      $3,640,000
      12,626 SF

      610 Sally Ln

      APARTMENT HOUSE (5+ UNITS) • 12,626 SF
      610 Sally Ln, Clearwater, FL 33756-5939
      View Details
    • Value Estimation
      $4,945,000
      20,864 SF

      311 Betty Ln

      APARTMENT HOUSE (5+ UNITS) • 20,864 SF
      311 Betty Ln, Clearwater, FL 33756-5879
      View Details
    • Value Estimation
      $2,455,000
      16,848 SF

      606 Lembo Cir

      APARTMENT HOUSE (5+ UNITS) • 16,848 SF
      606 Lembo Cir, Clearwater, FL 33756-5984
      View Details
    • Value Estimation
      $2,270,000
      12,280 SF

      612 Sally Ln

      APARTMENT HOUSE (5+ UNITS) • 12,280 SF
      612 Sally Ln, Clearwater, FL 33756-6903
      View Details
    • Value Estimation
      $1,330,000
      9,140 SF

      1253 Turner St

      APARTMENT HOUSE (5+ UNITS) • 9,140 SF
      1253 Turner St, Clearwater, FL 33756-5995
      View Details

    Similar Nearby for Sale

    • $1,995,000
      7,736 SF

      Largo Multifamily Investment Opportunity

      Eight-unit multifamily property package in Largo, Florida.
      1114 1120&1128 Wyatt St, Largo, FL 33756
      View Details
    • $2,899,000
      12,036 SF

      Stabilized Multifamily Complex in Clearwater

      Stabilized 15-unit apartment complex near Largo's Urban Core.
      1132 Auburn St, Clearwater, FL 33756
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    • $695,000
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      Clearwater Redevelopment Opportunity

      Prime 15,000 SF lot, vacant, mixed-use potential.
      409 Madison Ave, Clearwater, FL 33756
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    • $428,599

      Clearwater Duplex Investment Opportunity

      Well-maintained, renovated duplex near Gulf to Bay Blvd in Clearwater.
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    • $1,300,000
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      Waterfront Property in Belleair, Florida

      Waterfront property with dock near beaches and fine dining.
      35 Sunset Bay Dr, Belleair, FL 33756
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      Mixed-Use Building in Downtown Clearwater

      Mixed-use commercial/residential building in downtown Clearwater with high visibility.
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      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      22,086 SF

      Belleair Landing Office Suites

      Prime Clearwater Office Space, Flexible Layouts
      1465 Fort Harrison Ave, Clearwater, FL 33756
      View Details
    • $104,786
      2,566 SF

      Upscale Office and Retail Space

      Professional office and retail spaces available in landmark Belleair location.
      1465 S Fort Harrison Ave, Clearwater, FL 33756
      View Details
    • Contact for pricing
      127,973 SF

      Clearwater Plaza Retail Center

      Prime Clearwater retail space, 7 units available.
      1219 Missouri Ave, Clearwater, FL 33756
      View Details
    • Contact for pricing
      1,280 SF

      Retail Space in Clearwater Center

      Retail space available in busy Clearwater shopping center.
      1219-1293 S Missouri Ave, Clearwater, FL 33756
      View Details
    • Contact for pricing

      Freestanding Building with Drive-Thru

      738 SF building on 0.36 acres with drive-thru.
      1595 S Missouri Ave, Clearwater, FL 33756
      View Details
    • Contact for pricing

      Renovated Office Space with Build-Out

      Renovated office space with natural light and negotiable build-out.
      314 S Missouri Ave, Clearwater, FL 33756
      View Details
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    1338 Pierce St
    Clearwater, FL 33756-7001
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    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
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