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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Strip malls
2114 Drew St Clearwater, FL 33765-3216
Individually Owned
8-yr Hold
Free & Clear
Property ID
US18-1978931
Property summary
AI-generated overview
This thriving, turn-key salon located at 2114 Drew St., Clearwater, FL 33765, presents a unique investment opportunity. Built in 1985, this single-unit, 1-building retail property is priced at $120,000. The business boasts a healthy chair rental program and aesthetician suites, generating multiple revenue streams. Its established clientele and network of industry subcontractors contribute to a robust and consistent income. A wide array of services and a strong product sales component further enhance profitability. The current lease is significantly below market rates and has four years remaining, providing immediate financial stability and long-term potential. The seller is offering attractive owner financing options, making this an accessible acquisition for qualified buyers. This is an ideal opportunity for a seasoned beauty professional seeking a modern, established salon with built-in ancillary income. Please note that direct contact with the business is discouraged. The property is situated in Pinellas County, Florida, and offers a prime location within the Clearwater area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE BLOCKS
Total area
8,545 SF
Lot
0.73 ac (31,642 SF)
APN
12-29-15-73163-000-0010
UPID
US18-1978931
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
-
DeFrain Insurance Insurance Agency
-
fix roofing llc General Contractor
-
Lilia eyebrows lips eyeliner artist Medical Clinic Skin Care Clinic
-
Salwa'z Beauty Salon Hair Salon Nail Salon
-
Southpaw Spa Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.00M
Owner & transaction history
Krystyna Milewski · 8 yrs held
Krystyna Milewski
since 2018
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+7.4%
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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,505,000
Current use
OFFICE BUILDING
$1,615,000
Change: +7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,410,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$117 / 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
$14,264
Tax year 2023
Assessed value
$740,000
Assessed 2023
Previous assessed
$700,000
+5.7% YoY
Effective rate
1.93%
On assessed value
Land market value
$359,326
Improvement market value
$380,674
Total market value
$740,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
7
Total area
8,545 SF
Lot
0.73 ac (31,642 SF)
APN
12-29-15-73163-000-0010
UPID
US18-1978931
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
7
Lot
0.73 ac
Current owner
From public records · entity-resolved
Krystyna Milewski
Individual
Free & Clear · 8 yrs held
Mailing address
2310 STAG RUN BLVD, CLEARWATER, FL 33765-1736
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2018
$790,000
Krystyna Milewski
Pope Shenouda R/e Mgmt LLC
Grant Deed
—
Sep 30, 2013
$535,000
Pope Shenouda R & E Mgmt LLC
Sanor,debra K
Warranty Deed
$200,000 · Sanor Debra K Trust
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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