Entity Owned Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE BLOCKS
Total area
5,368 SF
Lot
0.75 ac (32,866 SF)
APN
12-29-15-22482-002-0010
UPID
US18-5683761
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hair Salon Nail Salon
-
Nail Salon
-
Alternative Medicine Practice Spa & Massage Center
-
Hair Salon Nail Salon
-
Spa & Massage Center Skin Care Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$935k
Owner & transaction history
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Retail stores
$1.1M
+18.1%
Warehouse, storage
$1.1M
+13.8%
Office building
$1.0M
+7.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$935k
Value range
$842k – $1.03M
±10% around blend
Estimated value / SF
$174 / SF
Confidence
High
12 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$842k
blend $935k
$1.03M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,368 SF
Lot area
0.75 ac
Year built
1986
Stories
1
APN
12-29-15-22482-002-0010
Assessed value
$770,000
Annual tax
$14,843
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.14M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.23M
@ 6.5% CAP return
$1.14M
@ 7% CAP return
$1.06M
4
Sales comparison
Partial preview
Sales approach indication
$2.34M
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.8 mi away · 4,365 SF
9.2 mi away · 6,078 SF
10.4 mi away · 6,000 SF
11.0 mi away · 4,398 SF
11.2 mi away · 3,920 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$935k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 43 sales
$176
-1%
County 238 sales
$278
-37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $174/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+18%
vs current-use indication
Warehouse, Storage
Office Building
Neighborhood: Shopping Center · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
7.90%
Implied, in-place cap rate for this strip malls
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.90%
9.0%
NOI (est.)
$79k *
Last sale · Mar 2025
$1.13M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$997k
Move the market yield to see immediate price impact.
Value / SF
$186
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.40%7.90%8.40%
$71k
$958k
$897k
$844k
$79k
$1.06M
$997k
$937k
$87k
$1.17M
$1.10M
$1.03M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$1.80M
4.4 mi · Jan 2026 · $300/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,843
Tax year 2023
Assessed value
$770,000
Assessed 2023
Previous assessed
$735,000
+4.8% YoY
Effective rate
1.93%
On assessed value
Land market value
$371,798
Improvement market value
$398,202
Total market value
$770,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
10
Total area
5,368 SF
Lot
0.75 ac (32,866 SF)
APN
12-29-15-22482-002-0010
UPID
US18-5683761
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
10
Lot
0.75 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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