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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2751 Roosevelt Blvd Clearwater, FL 33760-2654

    • Strip malls
    • 4,500 SF
    • 0.30 lot acres
    OFF-MARKET
    Last Sale
    Feb 17, 2021
    $500,000
    Value Estimations
    $680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6106785
    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

    • Higher Up Smoke Shop / (Bike/Boat/Book/etc) Store
    • Aronica Jewell Esthetics / Hair Salon
    • Sugarwolf Ink / Tattoo & Piercing Shop
    • Belle Esthetics / Spa & Massage Center
    • On-the-Go Men’s Grooming / Barber Shop

    Property Details for 2751 Roosevelt Blvd

    Year built
    2010
    Construction
    CONCRETE BLOCKS
    Lot size
    0.30 lot acres
    Property size
    4,500 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    32-29-16-70362-300-0202
    APU
    322916703623000202

    Description

    This exceptional Clearwater, Florida retail investment presents a compelling opportunity. The 4,500 square foot building, constructed in 2010, features three separate suites, each offering ample space for diverse retail tenants. Currently operating at 66% occupancy, this multi-tenant property boasts a strong potential for increased revenue. The building is strategically located in a bustling area of Clearwater, within Pinellas County, and zoned C2 for commercial use, ensuring a promising investment potential. The property includes abundant parking and added security features such as a fenced lot and security cameras. The asking price is $1,400,000, with a price per square foot of $311.11. An adjacent lot is also available for purchase, offering the potential for property expansion. This modern, well-maintained building provides a versatile space ideal for retail investors seeking a strong return on investment in a thriving commercial area. The property's prime location and existing infrastructure make it an attractive option for both established and emerging businesses. This is a rare opportunity to acquire a well-positioned retail property in a high-demand market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $605,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,030,000
      6.5%
      $950,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $763,000
      Market price range: $390k - $1.21M
      AI Estimate
      $763,000
      Market price range: $390k - $1.21M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $790,000
      Current use
      RETAIL STORES
      $935,000
      Change: +18% Conversion: Easy
      OFFICE BUILDING
      $845,000
      Change: +7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7239
    Latitude
    27.9159
    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
    $10,418
    $0.00
    $0.00
    $565,000
    -
    $182,465
    $382,535
    $565,000

    Comparable in this City

    • Value Estimation
      $1,590,000
      14,928 SF

      5175 Ulmerton Rd

      SHOPPING CENTER, STRIP CENTER • 14,928 SF
      5175 Ulmerton Rd, Clearwater, FL 33760-4004
      View Details
    • Value Estimation
      $2,070,000
      13,852 SF

      5555 Roosevelt Blvd

      SHOPPING CENTER, STRIP CENTER • 13,852 SF
      5555 Roosevelt Blvd, Clearwater, FL 33760-3400
      View Details
    • Value Estimation
      $4,400,000
      12,274 SF

      2683 Roosevelt Blvd

      SHOPPING CENTER, STRIP CENTER • 12,274 SF
      2683 Roosevelt Blvd, Clearwater, FL 33760-2512
      View Details
    • Value Estimation
      $2,905,000
      12,000 SF

      5011 Ulmerton Rd

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      5011 Ulmerton Rd, Clearwater, FL 33760-4002
      View Details
    • Value Estimation
      $2,210,000
      16,171 SF

      2926 Roosevelt Blvd

      SHOPPING CENTER, STRIP CENTER • 16,171 SF
      2926 Roosevelt Blvd, Clearwater, FL 33760-1925
      View Details
    • Value Estimation
      $2,845,000
      36,100 SF

      6160 Ulmerton Rd

      SHOPPING CENTER, STRIP CENTER • 36,100 SF
      6160 Ulmerton Rd, Clearwater, FL 33760-3948
      View Details

    Similar Nearby for Sale

    • $2,700,000
      10,820 SF

      Clearwater Retail Center - Prime Location

      1.05 Acres, 10,820 SF Retail Space
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    • $385,000
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      Clearwater Land For Sale

      Vacant 0.28 acre lot in Clearwater, C-2 zoning.
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      Residential Land in Clearwater, FL

      Residential land suitable for building a home near beaches.
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    • New
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      Clearwater Vacant Land Parcel

      Oversized vacant parcel with development potential in Clearwater, Florida.
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    • $2,087,000
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      Clearwater Office Building Investment

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    • $1,650,000
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      Clearwater Warehouse Near Highway 19

      6,000 SF warehouse with logistical ease near Tampa.
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    Similar Nearby for Lease

    • $14 SF/Yr
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      Clearwater Retail Space Available Now
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    • $28 SF/Yr
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      Roosevelt Commons: Clearwater Office Space

      Prime Clearwater Office & Retail
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      View Details
    • $11 SF/Yr
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      Clearwater Office Space Solutions

      Flexible workspaces, various options.
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    • $2,811 /Mo
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      Clearwater Flex Space Sublease

      Commercial flex space available for sublease in Clearwater, Florida.
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    • $25 SF/Yr
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      Class A Office Building

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    • Contact for pricing
      1,306,800 SF

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      View Details
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    2751 Roosevelt Blvd
    Clearwater, FL 33760-2654
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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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