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    Property profile & analytics

    2738 Roosevelt Blvd Clearwater, FL 33760-2508

    • Apartment buildings
    • 17,121 SF
    • 15.03 lot acres
    OFF-MARKET
    Value Estimations
    $5,505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1448723
    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

    • Clean Plus Cleaning Services / Commercial Cleaning Service
    • Madison at Roosevelt Apartments / Apartment Complex / Apartment Building
    • Pinellas pool and spa / General Contractor

    Property Details for 2738 Roosevelt Blvd

    Year built
    1974
    Construction
    WOOD FRAME
    Lot size
    15.03 lot acres
    Property size
    17,121 SF
    Property type
    Apartment buildings
    APN
    32-29-16-70362-200-1300
    APU
    322916703622001300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,503,000
      Market price range: $2.76M - $5.50M
      AI Estimate
      $5,503,000
      Market price range: $2.76M - $5.50M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,540,000
      Current use
      RESTAURANT
      $8,775,000
      Change: +148% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $7,775,000
      Change: +120% Conversion: Difficult
      WAREHOUSE, STORAGE
      $5,565,000
      Change: +57% Conversion: Difficult
      RETAIL STORES
      $3,560,000
      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
    -82.7246
    Latitude
    27.9185
    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
    $486,573
    $0.00
    $0.00
    $28,000,000
    -
    $9,379,125
    $18,620,875
    $28,000,000

    Comparable in this City

    • Value Estimation by Request
      24,378 SF

      6550 150th N Ave

      APARTMENT HOUSE (5+ UNITS) • 24,378 SF
      6550 150th N Ave, Clearwater, FL 33760-2026
      View Details
    • Value Estimation by Request
      306,056 SF

      2770 Roosevelt Blvd

      APARTMENT HOUSE (5+ UNITS) • 306,056 SF
      2770 Roosevelt Blvd, Clearwater, FL 33760-2509
      View Details
    • Value Estimation
      $33,395,000
      103,896 SF

      2681 Roosevelt Blvd

      APARTMENT HOUSE (5+ UNITS) • 103,896 SF
      2681 Roosevelt Blvd, Clearwater, FL 33760-2512
      View Details
    • Value Estimation
      $1,265,000
      3,939 SF

      14330 58th N St

      APARTMENT HOUSE (5+ UNITS) • 3,939 SF
      14330 58th N St, Clearwater, FL 33760-2801
      View Details
    • Value Estimation by Request
      6,576 SF

      16321 Bolesta Rd

      APARTMENT HOUSE (5+ UNITS) • 6,576 SF
      16321 Bolesta Rd, Clearwater, FL 33760-3111
      View Details
    • Value Estimation
      $39,145,000
      121,788 SF

      6465 142nd N Ave

      APARTMENT HOUSE (5+ UNITS) • 121,788 SF
      6465 142nd N Ave, Clearwater, FL 33760-2761
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,184 SF

      Clearwater Land with Dual Zoning

      1.21-acre parcel with dual zoning and development potential.
      2174 62Nd St, Clearwater, FL 33760
      View Details
    • Contact for pricing

      Clearwater Corner Lot Development Opportunity

      Cleared 0.28-acre corner lot suitable for various commercial and residential uses.
      5670 Roosevelt Blvd, Clearwater, FL 33760
      View Details
    • $2,087,000
      8,600 SF

      Clearwater Office Building Investment

      8,600 SF Flex Office, 100% Occupied
      14333 58Th St, Clearwater, FL 33760
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    • $1,500,000
      6,000 SF

      Clearwater Warehouse Near Highway 19

      6,000 SF warehouse with logistical ease near Tampa.
      2868 Roosevelt Blvd, Clearwater, FL 33760
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    • $1,535,000
      10,640 SF

      Warehouse/Office Manufacturing Facility For Sale

      Versatile 10,640 SF warehouse/office in desirable industrial park.
      14350 60Th St N, Clearwater, FL 33760
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    • $2,700,000
      10,820 SF

      Clearwater Retail Center - Prime Location

      1.05 Acres, 10,820 SF Retail Space
      16120 Bay Vista Dr, Clearwater, FL 33760
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,306,800 SF

      Sunshine Industrial Park: Clearwater, FL

      Prime Industrial Land, Flexible Uses
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    • $10 SF/Yr
      56,216 SF

      Sunshine Business Center: Clearwater, FL

      Flex/Warehouse Space Available Now
      6399 142Nd Ave, Clearwater, FL 33760
      View Details
    • Contact for pricing
      37,703 SF

      Clearwater Flex Warehouse Space

      Prime Pinellas County Industrial Property
      15201 Roosevelt Blvd, Clearwater, FL 33760
      View Details
    • $15 SF/Yr
      12,000 SF

      Clearwater Office Space Available

      12,000 square foot office space for rent.
      14175 Icot Blvd, Clearwater, FL 33760
      View Details
    • Contact for pricing
      8,790 SF

      Bay Vista Gardens II Office Suites

      Clearwater Office Space, Two Buildings
      5665 Rio Vista Dr, Clearwater, FL 33760
      View Details
    • $14 SF/Yr
      112,526 SF

      Gateway Xing Retail Center

      Clearwater Retail Space Available Now
      11141 Us Highway 19, Clearwater, FL 33760
      View Details
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    2738 Roosevelt Blvd
    Clearwater, FL 33760-2508
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    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
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