Entity Owned 
For Sale
1 / 4
$74,500
2454 Mcmullen Booth Rd, Clearwater, FL 33759
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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
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
-
Medical Clinic
-
Telecommunications Service General Contractor
-
Business Service Center Corporate Office
-
Nail Salon
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.93M
Blend (final)
Blend
$6.27M
Owner & transaction history
since 2020
4 recorded transactions
Zoning & alternative use
Top alternative use upside
Office building
$6.0M
+31.9%
Retail stores
$5.4M
+18.1%
Warehouse, storage
$5.3M
+15.7%
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.
Full NOI build-up · 6 steps
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.27M
Value range
$5.64M – $6.90M
±10% around blend
Estimated value / SF
$243 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$5.64M
blend $6.27M
$6.90M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
25,788 SF
Lot area
6.7 ac
Year built
1987
Stories
2
APN
33-28-16-00000-210-0100
Assessed value
$9,300,000
Annual tax
$161,273
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$161,273
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$6.93M
Range $2.23M – $6.93M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.27M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 43 sales
$176
+38%
County 238 sales
$278
-12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $243/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+32%
vs current-use indication
Retail Stores
Warehouse, Storage
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
Market benchmark
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
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
8.43%
Selected cap rate for this strip malls
Derived from the Clearwater market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.43%
9.0%
NOI (est.)
$6k *
* 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$75k
Move the market yield to see immediate price impact.
Value / SF
$3
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
7.93%8.43%8.93%
$6k
$71k
$67k
$63k
$6k
$79k
$75k
$70k
$7k
$87k
$82k
$77k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$161,273
Tax year 2023
Assessed value
$9,300,000
Assessed 2023
Previous assessed
$8,670,000
+7.3% YoY
Effective rate
1.73%
On assessed value
Land market value
$4,015,776
Improvement market value
$5,284,224
Total market value
$9,300,000
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
For Sale
Year built
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Bathrooms
34
Total area
25,788 SF
Lot
6.7 ac (291,970 SF)
APN
33-28-16-00000-210-0100
UPID
US18-2797616
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
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
34
Lot
6.7 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.
Registration is required before any owner information is shown.
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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