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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Banks
1551 Belcher Rd Clearwater, FL 33764-7603
Individually Owned
Free & Clear
Property ID
US18-4902464
Property summary
AI-generated overview
This exceptional 9,949 square foot commercial building, situated on a substantial 2.85-acre lot in Clearwater, Florida, presents a unique investment opportunity. Currently configured as a former bank branch, the property boasts three convenient drive-thru lanes, making it ideally suited for a variety of uses. The building is well-maintained and ready for immediate occupancy, offering significant potential for an owner-user. The expansive lot size allows for future expansion or redevelopment, providing considerable flexibility for the new owner. The property is zoned GO-General Office Professional by Pinellas County, Florida. Note that a restriction is in place, prohibiting use as a financial institution for a period of two years following the sale. Located at 1551 S Belcher Rd, Clearwater, FL 33764, this property offers excellent visibility and accessibility. The asking price is $1,900,000. This is a rare opportunity to acquire a substantial commercial property in a prime Clearwater location with significant upside potential.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1974
Construction
CONCRETE BLOCKS
Total area
8,770 SF
Lot
2.85 ac (124,133 SF)
APN
19-29-16-00000-330-1000
UPID
US18-4902464
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
-
Wells Fargo Bank Bank Loan Service
-
Wells Fargo ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.17M
Owner & transaction history
WACHOVIA BANK NA
WACHOVIA BANK NA
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±10%
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
$247 / 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
$26,149
Tax year 2023
Assessed value
$1,290,000
Assessed 2023
Previous assessed
$1,230,000
+4.9% YoY
Effective rate
2.03%
On assessed value
Land market value
$694,446
Improvement market value
$595,554
Total market value
$1,290,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
5
Total area
8,770 SF
Lot
2.85 ac (124,133 SF)
APN
19-29-16-00000-330-1000
UPID
US18-4902464
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
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
5
Lot
2.85 ac
Current owner
From public records · entity-resolved
WACHOVIA BANK NA
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 2609, CARLSBAD, CA 92018-2609
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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