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Property profile & analytics
OFF-MARKET
Estimated value
$4,895,000
Strip malls
28200 Us Hwy 19th N Clearwater, FL 33761-2625
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US18-4606807
Property summary
AI-generated overview
This exceptional Clearwater retail property, located at 28200 US Hwy 19 N, offers 3,278 square feet of versatile space in a single-tenant building. Situated on a prominent 2.07-acre lot with 47 feet of frontage on the busy US Highway 19 North, this location boasts high visibility and easy access. The building, constructed in 1982 and extensively renovated in 2023, comprises 38,079 total square feet across one story. Ample parking is available with 270 spaces. The property is zoned for General Business use in Pinellas County (APN: 19-28-16-07290-000-0010) and benefits from Duke Energy power. Join established businesses like Charles Schwab and Missing Piece Furniture in this thriving commercial corridor. The property's strategic location and recent renovations make it an ideal opportunity for a variety of businesses seeking a high-traffic, high-visibility location in Clearwater, Florida. No elevators are present. Cross street is Republic Dr.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1982
Construction
CONCRETE BLOCKS
Total area
35,897 SF
Lot
2.08 ac (90,496 SF)
APN
19-28-16-07290-000-0010
UPID
US18-4606807
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
-
Cadcam Software Co (Bike/Boat/Book/etc) Store Corporate Office
-
Manufacturers of The Future High School Vocational School
-
Charles Schwab Financial Advisor
-
Missing Piece, Fine Interiors on Consignment Discount Store (Bike/Boat/Book/etc) Store
-
Trek Bicycle Clearwater (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.89M
Blend (final)
Blend
$4.90M
Owner & transaction history
28200 Building LLC · 18 yrs held
28200 Building LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.5M
+18.1%
Warehouse, storage
$7.3M
+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
$6,320,000
Current use
RETAIL STORES
$7,465,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$7,310,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$4.90M
Range $4.41M – $5.38M · ±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
$136 / 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
$63,443
Tax year 2023
Assessed value
$3,620,000
Assessed 2023
Previous assessed
$3,400,000
+6.5% YoY
Effective rate
1.75%
On assessed value
Land market value
$1,311,771
Improvement market value
$2,308,229
Total market value
$3,620,000
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
Stories
2
Bathrooms
6
Total area
35,897 SF
Lot
2.08 ac (90,496 SF)
APN
19-28-16-07290-000-0010
UPID
US18-4606807
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
$6.3M
RETAIL STORES
Est. value
$7.5M
WAREHOUSE, STORAGE
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
WAREHOUSE, STORAGE
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
2
Bathrooms
6
Lot
2.08 ac
Current owner
From public records · entity-resolved
28200 Building LLC
Entity
Mailing address
PO BOX 1465, DUNEDIN, FL 34697-1465
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2016
—
28200 Building LLC
—
Deed
related
$1,505,757 · Midflorida FCU
Dec 28, 2007
$250,000
28200 Building LLC
Lesser,jason K & Marsha L
Warranty Deed
—
—
—
28200 Building LLC
—
Deed Of Trust
related
$400,000 · Jefferson Bank
—
—
Jason K Lesser
—
Deed Of Trust
related
$1,500,000 · Southern Exchange Bank
—
—
28200 Building LLC
—
Deed Of Trust
related
$250,000 · Jefferson Bank
—
—
28200 Building LLC
—
Deed Of Trust
related
$250,000 · Old Harbor Bank
—
—
28200 Building LLC
—
Deed Of Trust
related
$1,505,757 · Midflorida FCU
—
—
28200 Building LLC
—
Deed Of Trust
related
$1,400,000 · Jefferson Bank
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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