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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1604 Missouri Ave Clearwater, FL 33756-1221

    • Retail space
    • 15,525 SF
    • 2.26 lot acres
    OFF-MARKET
    Value Estimations
    $4,335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5032178
    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

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Miriam Macdonald, RPH / Pharmacy
    • Drive-Thru Pharmacy / Pharmacy
    • David K. Shek, RPh / Pharmacy
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy

    Property Details for 1604 Missouri Ave

    Year built
    1996
    Construction
    CONCRETE BLOCKS
    Lot size
    2.26 lot acres
    Property size
    15,525 SF
    Property type
    Retail space
    APN
    27-29-15-07204-000-0020
    APU
    272915072040000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,334,000
      Market price range: $1.82M - $4.52M
      AI Estimate
      $4,334,000
      Market price range: $1.82M - $4.52M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,225,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,105,000
      Change: -4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,735,000
      Change: -15% Conversion: Moderate
      OFFICE BUILDING
      $2,635,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7881
    Latitude
    27.9384
    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
    $56,672
    $0.00
    $0.00
    $2,940,000
    -
    $1,314,078
    $1,625,922
    $2,940,000

    Comparable in this City

    • Value Estimation
      $525,000
      4,477 SF

      321 Missouri Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,477 SF
      321 Missouri Ave, Clearwater, FL 33756-5833
      View Details
    • Value Estimation by Request
      396 SF

      1267 Highland Ave

      RETAIL STORES (PERSONAL SERVICES) • 396 SF
      1267 Highland Ave, Clearwater, FL 33756-4384
      View Details
    • Value Estimation
      $3,000,000
      12,096 SF

      1 Missouri Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,096 SF
      1 Missouri Ave, Clearwater, FL 33756-5760
      View Details
    • Value Estimation
      $610,000
      4,508 SF

      613 Missouri Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,508 SF
      613 Missouri Ave, Clearwater, FL 33756-5909
      View Details
    • Value Estimation
      $970,000
      8,316 SF

      708 Chestnut St

      RETAIL STORES (PERSONAL SERVICES) • 8,316 SF
      708 Chestnut St, Clearwater, FL 33756-5640
      View Details
    • Value Estimation by Request
      1,516 SF

      811 Ct St

      RETAIL STORES (PERSONAL SERVICES) • 1,516 SF
      811 Ct St, Clearwater, FL 33756-5501
      View Details

    Similar Nearby for Sale

    • New
      $225,000
      Pending

      Clearwater Mixed-Use Investment Opportunity

      Versatile property near Clearwater Beach, ideal for business or residence.
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    • New
      $6,000,000
      22,086 SF

      Landmark Office Building For Sale

      Iconic Clearwater office building with diverse tenant mix.
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    • $695,000
      3,500 SF

      Clearwater Redevelopment Opportunity

      Prime 15,000 SF lot, vacant, mixed-use potential.
      409 Madison Ave, Clearwater, FL 33756
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    • $754,000
      2,300 SF

      Clearwater Auto Shop and Business

      Established auto service business and property on high-traffic Missouri Ave.
      1371 S Missouri Ave, Clearwater, FL 33756
      View Details
    • $850,000
      1,288 SF

      Auto Repair Business For Sale

      Established auto repair business with property and adjacent lot.
      1216 N Fort Harrison Ave, Clearwater, FL 33756
      View Details
    • $799,999
      1,080 SF

      Prime Clearwater Retail Opportunity

      .84-Acre Retail Building, Triple-Net Lease
      1100 Myrtle Ave, Clearwater, FL 33756
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,010 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
      1,400 SF

      Retail Space in Publix-Anchored Center

      Retail space for lease in Clearwater, Florida.
      1521-1595 S Highland Ave, Clearwater, FL 33756
      View Details
    • Contact for pricing
      1,499 SF

      Retail Space on S Highland

      Retail space available on busy S Highland Ave.
      1224 S Highland Ave, Clearwater, FL 33756
      View Details
    • $12 SF/Yr
      1,050 SF

      Retail Space in Clearwater, FL

      Retail space available for rent in Clearwater, Florida.
      1897 N Highland Ave, Clearwater, FL 33756
      View Details
    • Contact for pricing
      738 SF

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru, multiple access points, and high visibility.
      1595 S Missouri Ave, Clearwater, FL 33756
      View Details
    • New
      $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
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    1604 Missouri Ave
    Clearwater, FL 33756-1221
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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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