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    28801 N Us Highway 19 Clearwater, FL 33761
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    Property profile & analytics

    28801 N Us Highway 19, Clearwater, FL 33761

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    • Strip malls
    • 11,840 SF
    • 2.61 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Clearwater Office Space Available For Lease
    $12 SF/Yr
    1,480 SF

    Clearwater Office Space Available

    Office suite with reception and private restroom for rent.

    28801 N US HIGHWAY 19, Clearwater, FL
    View Listing
    Property ID
    US18-2736308
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Karmic Tattoo Clearwater / Tattoo & Piercing Shop
    • Gemological Appraisers-Amrc / Jewelry Appraiser

    Property Details for 28801 N Us Highway 19

    Year built
    1982
    Construction
    CONCRETE BLOCKS
    Lot size
    2.61 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    19-28-16-00000-130-0400
    APU
    192816000001300400

    Description

    This exceptional Clearwater, Florida shopping center presents a compelling investment opportunity. Boasting 35,520 square feet of retail space, the multi-tenant property enjoys a remarkable 96% occupancy rate, generating a strong net operating income (NOI) of $461,350 and a 7.30% capitalization rate. The asking price is $6,319,860, translating to an attractive price per square foot of $177.92. Situated on US Hwy 19 N, the property benefits from over 900 feet of frontage and high daily traffic exceeding 75,000 vehicles. Ample parking is provided, with a ratio of 3.9 spaces per 1,000 square feet. The property's strong performance is further enhanced by recent improvements, including a 2024 resurfacing of the parking lot. The seller is offering a one-year master lease to support the new owner in leasing any vacant space, ensuring immediate income and minimizing transition risks. Located in Pinellas County, this stabilized shopping center represents a rare opportunity to acquire a high-performing asset in a desirable Tampa Bay area location. This property offers significant potential for long-term value appreciation and consistent cash flow. The property's address is 28801 US Hwy 19 N, Clearwater, FL 33761.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,183,000
      Market price range: $1.02M - $3.18M
      AI Estimate
      $3,183,000
      Market price range: $1.02M - $3.18M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $6,955,000
      RESTAURANT
      $6,070,000
      APARTMENT HOUSE (5+ UNITS)
      $2,860,000
      OFFICE BUILDING
      $2,700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7376
    Latitude
    28.0353
    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
    $65,708
    $0.00
    $0.00
    $3,420,000
    -
    $1,644,481
    $1,775,519
    $3,420,000

    Comparable in this City

    • Value Estimation
      $2,670,000
      9,920 SF

      30323 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER
      30323 Us Hwy 19th N, Clearwater, FL 33761-1026
      View Details
    • Value Estimation
      $4,050,000
      27,300 SF

      28342 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER
      28342 Us Hwy 19th N, Clearwater, FL 33761-2514
      View Details
    • Value Estimation
      $5,215,000
      33,460 SF

      2440 State Rd 580

      SHOPPING CENTER, STRIP CENTER
      2440 State Rd 580, Clearwater, FL 33761-5900
      View Details
    • Value Estimation
      $1,245,000
      6,600 SF

      29811 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER
      29811 Us Hwy 19th N, Clearwater, FL 33761-1527
      View Details
    • Value Estimation
      $2,975,000
      26,088 SF

      27380 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER
      27380 Us Hwy 19th N, Clearwater, FL 33761-2953
      View Details
    • Value Estimation
      $9,335,000
      57,590 SF

      26277 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER
      26277 Us Hwy 19th N, Clearwater, FL 33761-3587
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,932 SF

      Highway 19 Redevelopment Opportunity

      2.67-acre redevelopment site on U.S. Highway 19 N.
      28910 Us Highway 19 N, Clearwater, FL 33761
      View Details
    • Contact for pricing
      8,650 SF

      Retail Plaza on US Highway

      Retail plaza with high traffic and stable cash flow.
      29811-29835 Us Highway 19 N, Clearwater, FL 33761
      View Details
    • Contact for pricing

      Clearwater Retail/Office Space For Lease

      Remodeled 2,000 SF space on US Hwy 19 N.
      29156 Us Highway 19 N 29156, Clearwater, FL 33761
      View Details
    • Contact for pricing
      7,932 SF

      2.67-Acre Redevelopment Site on US-19

      2.67-acre redevelopment site with high traffic and income potential.
      28910 Us Highway 19, Clearwater, FL 33761
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space on US Hwy 19

      Retail space available on a high-traffic corner.
      26210-26258 Us Highway 19 N, Clearwater, FL 33761
      View Details
    • Contact for pricing

      Retail Space in Countryside Centre

      Retail spaces for lease in Clearwater's Countryside Centre.
      26583 Us Highway 19 N, Clearwater, FL 33761
      View Details
    • Contact for pricing
      4,264 SF

      Retail Space in Countryside Centre

      Retail space available in a shopping center with anchor tenants.
      2561-2567 Countryside Blvd, Clearwater, FL 33761
      View Details
    • Contact for pricing
      500 SF

      Clearwater Enclosed Mall Retail Space

      Retail spaces for lease in Clearwater's only enclosed mall.
      27001 Us Highway 19 N, Clearwater, FL 33761
      View Details
    • Contact for pricing
      2,104 SF

      Retail Spaces on Busy Highway

      Retail spaces available in Clearwater shopping center on US 19.
      30190-30228 N Us Highway 19, Clearwater, FL 33761
      View Details
    • Contact for pricing

      Clearwater Retail/Office Space Available

      Retail and office spaces available for lease in Clearwater.
      26210-26258 Us Highway 19 N, Clearwater, FL 33761
      View Details
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    28801 N Us Highway 19
    Clearwater, FL 33761
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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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    28801 N Us Highway 19, Clearwater, FL, 33761
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