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

    2524 Alexander Pl Clearwater, FL 33763-1166

    • Apartment buildings
    • 6,450 SF
    • 44.28 lot acres
    OFF-MARKET
    Value Estimations
    $2,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8136325
    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

    • Apartment buildings

    Property Details for 2524 Alexander Pl

    Year built
    2017
    Construction
    WOOD FRAME
    Lot size
    44.28 lot acres
    Property size
    6,450 SF
    Property type
    Apartment buildings
    APN
    30-28-16-00336-000-0010
    APU
    302816003360000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,073,000
      Market price range: $1.04M - $2.07M
      AI Estimate
      $2,073,000
      Market price range: $1.04M - $2.07M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,335,000
      Current use
      RESTAURANT
      $3,305,000
      Change: +148% Conversion: Difficult
      OFFICE BUILDING
      $1,480,000
      Change: +11% Conversion: Moderate
      RETAIL STORES
      $1,340,000
      Change: +1% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,315,000
      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
    -82.7441
    Latitude
    28.018
    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
    $1,407,163
    $0.00
    $0.00
    $73,000,000
    -
    $11,669,106
    $61,330,894
    $73,000,000

    Comparable in this City

    • Value Estimation by Request
      307,386 SF

      2307 Cumberland Cir

      APARTMENT HOUSE (5+ UNITS) • 307,386 SF
      2307 Cumberland Cir, Clearwater, FL 33763-1013
      View Details
    • Value Estimation
      $11,970,000
      74,328 SF

      2285 State Rd 580

      APARTMENT HOUSE (5+ UNITS) • 74,328 SF
      2285 State Rd 580, Clearwater, FL 33763-1111
      View Details
    • Value Estimation by Request
      557 SF

      25350 Us Hwy 19th N, Unit 87

      APARTMENT HOUSE (UNDER 5 UNITS) • 557 SF
      25350 Us Hwy 19th N, Clearwater, FL 33763-2111
      View Details
    • Value Estimation by Request
      722 SF

      25350 Us Hwy 19th N, Unit 98

      APARTMENT HOUSE (UNDER 5 UNITS) • 722 SF
      25350 Us Hwy 19th N, Clearwater, FL 33763-2112
      View Details
    • Value Estimation by Request
      557 SF

      25350 Us Hwy 19th N, Unit 103

      APARTMENT HOUSE (UNDER 5 UNITS) • 557 SF
      25350 Us Hwy 19th N, Clearwater, FL 33763-2113
      View Details
    • Value Estimation by Request
      590 SF

      25350 Us Hwy 19th N, Unit 258

      APARTMENT HOUSE (UNDER 5 UNITS) • 590 SF
      25350 Us Hwy 19th N, Clearwater, FL 33763-2129
      View Details

    Similar Nearby for Sale

    • $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
    • $689,900
      2,656 SF

      Clearwater Triplex: Turnkey Investment

      Turnkey triplex in Clearwater/Dunedin corridor with long-term renters.
      2725 Belle Haven Dr, Clearwater, FL 33763
      View Details
    • $132,000
      1,100 SF

      Clearwater Condo in 55+ Community

      Two-bedroom condo in active 55+ community with many amenities.
      2358 Ecuadorian Way, Clearwater, FL 33763
      View Details
    • $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
    • $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

    Similar Nearby for Lease

    • 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
      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

      Commercial Land For Lease

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

      Commercial Space For Lease

      Commercial property available for lease in Clearwater, Florida.
      24139 Us Highway 19 N, Clearwater, FL 33763
      View Details
    • $18 SF/Yr
      1,769 SF

      Countryside Office Building For Lease

      Four-story office building in Countryside area with updated common areas.
      26133 Us Highway 19 N, 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.
    2524 Alexander Pl
    Clearwater, FL 33763-1166
    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!