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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Strip malls
2790 Gulf To Bay Blvd Clearwater, FL 33759-4959
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-5354051
Property summary
AI-generated overview
Hampton Plaza, located at 2790 Gulf to Bay Blvd in Clearwater, Florida (33759), offers a prime retail and warehouse opportunity. This Class B property, built in 1983 and renovated in 2021, comprises two single-story buildings totaling 21,525 square feet. Currently, 4,595 square feet of space is available, with a minimum divisible unit of 1,400 square feet and a maximum contiguous space of 2,800 square feet. The property features 11 total suites and ample parking with 250 spaces (a 5/1,000 ratio). Situated at the signalized northwest corner of Gulf to Bay Boulevard and Hampton Road, this strip center boasts 283 feet of frontage on Gulf to Bay Boulevard, ensuring high visibility and significant daily traffic counts averaging 56,000 vehicles. The property is zoned CG - City of Clearwater (APN: 16 29 17 00000 240 0200) and benefits from a strong tenant mix including Subway, Amscot, a Thai restaurant, and Trulieve. Leasing rates are $24.00 per square foot, NNN, with estimated pass-through expenses of $8.21 per square foot. No elevators are present. This is the last available retail unit. Inquire today about this exceptional opportunity in the Gulf to Bay submarket of Pinellas County.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1982
Construction
CONCRETE BLOCKS
Total area
10,560 SF
Lot
1.65 ac (72,026 SF)
APN
17-29-16-00000-240-0200
UPID
US18-5354051
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
-
Select Physical Therapy - Clearwater East Medical Clinic
-
Western Union Bank Credit Union
-
Hayley Rodgers Physician
-
Game Over Escape Rooms Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.84M
Owner & transaction history
Gtb Foods INC · 12 yrs held
Gtb Foods INC
since 2013
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+31.9%
Retail stores
$2.2M
+18.1%
Warehouse, storage
$2.2M
+15.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Clearwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clearwater submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,860,000
Current use
OFFICE BUILDING
$2,450,000
Change: +32% · Conversion: Moderate
RETAIL STORES
$2,195,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$2,150,000
Change: +16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,740,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$269 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$55,419
Tax year 2023
Assessed value
$2,875,000
Assessed 2023
Previous assessed
$2,680,000
+7.3% YoY
Effective rate
1.93%
On assessed value
Land market value
$1,570,422
Improvement market value
$1,304,578
Total market value
$2,875,000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1982
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
14
Total area
10,560 SF
Lot
1.65 ac (72,026 SF)
APN
17-29-16-00000-240-0200
UPID
US18-5354051
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
14
Lot
1.65 ac
Current owner
From public records · entity-resolved
Gtb Foods INC
Entity
Mailing address
4905 34TH ST S #4500, SAINT PETERSBURG, FL 33711-4511
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2013
$2,400,000
Gtb Foods INC
Hampton Center INC
Special Warranty Deed
$1,920,000 · Patriot Bank
May 26, 1992
$1,075,000
R E C I Dansk Plaza
Crown,life Ins Co
Grant Deed
related
$875,000 · Miscellaneous Ins Co
—
—
Hampton Center INC
—
Deed Of Trust
related
$1,250,000 · Branch Banking & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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