Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2323 State Rd 580 Clearwater, FL 33763-1152

    • Warehouses
    • 6,437 SF
    • 0.89 lot acres
    OFF-MARKET
    Last Sale
    May 27, 2022
    $1,950,000
    Value Estimations
    $1,980,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5750100
    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

    • A-Chalet / Renovation Specialist / General Contractor
    • Empire Granite Countertops / Construction Company

    Property Details for 2323 State Rd 580

    Year built
    1972
    Construction
    CONCRETE BLOCKS
    Lot size
    0.89 lot acres
    Property size
    6,437 SF
    Property type
    Warehouses
    APN
    30-28-16-23282-000-0020
    APU
    302816232820000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,005,000
      Market price range: $717k - $2.01M
      AI Estimate
      $2,005,000
      Market price range: $717k - $2.01M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,310,000
      Current use
      RESTAURANT
      $3,300,000
      Change: +152% Conversion: Difficult
      OFFICE BUILDING
      $1,480,000
      Change: +13% Conversion: Difficult
      RETAIL STORES
      $1,340,000
      Change: +2% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,330,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7413
    Latitude
    28.0188
    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
    $27,330
    $0.00
    $0.00
    $1,455,000
    -
    $836,916
    $618,084
    $1,455,000

    Comparable in this City

    • Value Estimation
      $1,050,000
      4,950 SF

      24323 Us Hwy 19th N

      STORAGE YARD, OPEN STORAGE • 4,950 SF
      24323 Us Hwy 19th N, Clearwater, FL 33763-4020
      View Details
    • Value Estimation by Request
      1,800 SF

      2283 Evans Rd

      WAREHOUSE, STORAGE • 1,800 SF
      2283 Evans Rd, Clearwater, FL 33763-1017
      View Details
    • Value Estimation by Request
      2,358 SF

      2251 Evans Rd

      WAREHOUSE, STORAGE • 2,358 SF
      2251 Evans Rd, Clearwater, FL 33763-1003
      View Details
    • Value Estimation
      $5,320,000
      17,070 SF

      24275 Us Hwy 19th N

      MINI-WAREHOUSE, STORAGE • 17,070 SF
      24275 Us Hwy 19th N, Clearwater, FL 33763-4068
      View Details
    • Value Estimation by Request
      2,689 SF

      2566 Haas Ave

      WAREHOUSE, STORAGE • 2,689 SF
      2566 Haas Ave, Clearwater, FL 33763-4007
      View Details
    • Value Estimation
      $2,355,000
      14,800 SF

      2608 Enterprise Rd

      WAREHOUSE, STORAGE • 14,800 SF
      2608 Enterprise Rd, Clearwater, FL 33763-1105
      View Details

    Similar Nearby for Sale

    • $184,000
      1,400 SF

      Clearwater Condo in 55+ Community

      Two-bedroom condo in active 55+ community near Clearwater Beach.
      2255 Philippine Dr, Clearwater, FL 33763
      View Details
    • $125,000
      825 SF

      Updated Condo in 55+ Community

      Updated 1 bed, 1 bath condo in Clearwater, Florida.
      2449 Columbia Dr, Clearwater, FL 33763
      View Details
    • $69,000
      Pending

      Ground Floor Condo in 55+ Community

      One-bedroom condo in a 55+ community with new AC.
      2001 Greenbriar Blvd, Clearwater, FL 33763
      View Details
    • $675,000
      3,391 SF

      Clearwater Multifamily Property with Pool

      Five-unit multifamily property with pool in central Pinellas County.
      2335 Evans Rd, Clearwater, FL 33763
      View Details
    • $1,499,000
      5,467 SF

      Functional Office Space For Rent

      2,000 SF office space with private offices and conference room.
      2364 Boy Scout Rd, Clearwater, FL 33763
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      FL, Clearwater - Countryside Corporate Ctr

      Discover many ways to work your way in Fort Washington
      2536 Countryside Blvd, Clearwater, FL 33763
      View Details
    • Contact for pricing

      Global Network Workspace for Rent

      Workspace with private offices, coworking, meeting rooms, and virtual office.
      2536 Countryside Blvd, Clearwater, FL 33763
      View Details
    • Contact for pricing

      Clearwater Retail Space For Rent

      Retail space available in Clearwater's Countryside Mall trade area.
      25813 Us Highway 19 N, Clearwater, FL 33763
      View Details
    • Contact for pricing

      Commercial Land For Lease

      0.33 acre commercial land available for ground lease.
      2332 Main St, Clearwater, FL 33763
      View Details
    • Contact for pricing
      5,370 SF

      Retail Space with Highway Visibility

      Retail space with frontage and excellent signage on US Highway.
      24087-24145 N Us Highway 19, Clearwater, FL 33763
      View Details
    • Contact for pricing

      Grocery Anchored Neighborhood Center

      Located at a high-traffic intersection in Clearwater, Florida.
      19 N & Dimmitt Dr, Clearwater, FL 33763
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2323 State Rd 580
    Clearwater, FL 33763-1152
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!