1808 Drew St Clearwater, FL 33765-2916
Property profile & analytics
1808 Drew St, Clearwater, FL 33765-2916
- Strip malls
- 5,368 SF
- 0.75 lot acres
Property ID
US18-5683761
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.
Location Intelligence
Current Use by Public Records
- Eyebrow Shaping / Hair Salon / Nail Salon
- Nature's Spa / Nail Salon
- Brazilian Wax Clearwater Florida Day Spa / Alternative Medicine Practice / Spa & Massage Center
- Nature's Salon and Day Spa / Hair Salon / Nail Salon
- Waxing Salon in Clearwater / Spa & Massage Center / Skin Care Clinic
Property Details for 1808 Drew St
- Year built
- 1986
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.75 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 12-29-15-22482-002-0010
- APU
- 122915224820020010
Description
This exceptional investment opportunity presents a 100% occupied, seven-tenant retail/office stripmall and storage facility in Clearwater, Florida. The property, built in 1986, boasts 9,505 total square feet, with 8,140 net rentable square feet, and is situated on a 32,866 square foot lot. The asking price is $1,550,000, representing a pro-forma cap rate of 7.22% and a pro-forma NOI of $111,857. The property features two buildings, including ten (10) large, 100% occupied storage units. Seven retail and/or office spaces are available, each under a one-year modified lease. The property enjoys high visibility with over 200 feet of frontage on Drew Street, near the busy intersection of Drew Street and CR-1, experiencing a combined daily traffic count of nearly 57,000 vehicles. Ample parking is provided with 40 spaces. The property is zoned C and offers easy ingress and egress. Owner financing is available at attractive rates. This presents a rare opportunity to acquire a highly profitable, well-located commercial property with significant upside potential in a thriving Clearwater business district.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $935,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,230,000
- 6.5%
- $1,135,000
- 7%
- $1,055,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,041,000
- AI Estimate
- $1,041,000
Market price range: $465k - $1.44MMarket price range: $465k - $1.44M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $945,000 Current use
- RETAIL STORES
- $1,115,000 Change: +18% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,075,000 Change: +14% Conversion: Difficult
- OFFICE BUILDING
- $1,015,000 Change: +7% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $885,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7623
- Latitude
- 27.9684
- 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
$14,843
$0.00
$0.00
$770,000
-
$371,798
$398,202
$770,000
