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Property profile & analytics
OFF-MARKET Estimated value $6,935,000
Strip malls

2454 Mcmullen Booth Rd Clearwater, FL 33759-1353

25,788 SF 6.7 ac lot Built 1987
Entity Owned 6-yr Hold Free & Clear
Property ID
US18-2797616
Property summary
AI-generated overview

Northwood Commons, located at 2454 McMullen Booth Rd, Clearwater, FL 33759, presents a unique opportunity in the highly desirable North Pinellas submarket. This Class A retail center, built in 1985 and renovated in 2007, boasts a total of 28,015 square feet across one building on a 7-acre lot (304,920 sq ft). The property features 114 parking spaces and is situated at the coveted intersection of McMullen Booth Road and Enterprise Road East. Currently, there are two available spaces totaling 4,187 square feet (1,250 sq ft and 2,937 sq ft). The property is zoned A-E and has a building floor area ratio (FAR) of 0.09. Property taxes are $5.20 per square foot. Existing tenants include a diverse mix of businesses, demonstrating strong market demand. The single-story building offers excellent visibility and accessibility, making it an ideal location for a variety of retail, restaurant, or bar concepts. The property's APN is 33-28-16-00000-210-0100. This is a rare opportunity to acquire a well-established retail property in a thriving Clearwater location. The property's size and location make it an attractive investment for both established businesses and new ventures.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction CONCRETE BLOCKS
Total area 25,788 SF
Lot 6.7 ac (291,970 SF)
APN 33-28-16-00000-210-0100
UPID US18-2797616
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
  • Clearwater Cigar Company (Bike/Boat/Book/etc) Store
  • Tubal Reversal Experts Medical Clinic
  • Hyper30 Data Telecommunications Service General Contractor
  • Northwood Commons Business Service Center Corporate Office
  • Lotus Nail Bar Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.93M
Blend (final) Blend
$6.94M
Owner & transaction history
Z & N Properties I LLC · 6 yrs held
Z & N Properties I LLC
since 2020
4 recorded transactions
2020
$215,000
2019
$6.3M
2019
Price N/A
2005
$10.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $6.0M +31.9%
Retail stores $5.4M +18.1%
Warehouse, storage $5.3M +15.7%
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