Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2985 Drew St Clearwater, FL 33759-3012
    Back to Search
    Property profile & analytics

    2985 Drew St, Clearwater, FL 33759-3012

    View on Map
    • Specialty properties
    • 154,395 SF
    • 39.74 lot acres
    Off-Market
    Property ID
    US18-7623214
    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

    • Jennifer Cline / Physician
    • BayCare Health System / Hospital
    • David Zirh / Medical Clinic / Physician
    • Dr. Harold Levine / Physician
    • Naakesh Dewan / Physician

    Property Details for 2985 Drew St

    Year built
    2013
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    39.74 lot acres
    Property type
    Specialty properties
    APN
    17-29-16-00000-110-0100
    APU
    172916000001100100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 13, 2012 $4,380,000 Baycare Health System INC Clearwater Hsng Authority Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $56,534,000
      Market price range: $18.1M - $56.5M
      AI Estimate
      $56,534,000
      Market price range: $18.1M - $56.5M

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $34,250,000
      Current use
      AUTO REPAIR, GARAGE
      $90,695,000
      Change: +165% Conversion: Difficult
      RESTAURANT
      $79,125,000
      Change: +131% Conversion: Difficult
      OFFICE BUILDING
      $35,850,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7151
    Latitude
    27.9661
    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
    $8,595
    $0.00
    $0.00
    $53,335,181
    -
    $6,398,893
    $46,936,288
    $53,335,181

    Comparable in this City

    • Value Estimation
      $615,000
      3,101 SF

      1111 Mcmullen Booth Rd

      CHARITABLE ORGANIZATION
      1111 Mcmullen Booth Rd, Clearwater, FL 33759-3219
      View Details
    • Value Estimation by Request
      8,320 SF

      2859 Sunset Pt Rd

      CREMATORIUM, MORTUARY
      2859 Sunset Pt Rd, Clearwater, FL 33759-1606
      View Details
    • Value Estimation by Request
      3,617 SF

      2989 Un St

      CREMATORIUM, MORTUARY
      2989 Un St, Clearwater, FL 33759
      View Details
    • Value Estimation by Request
      1,668 SF

      2689 Sunset Pt Rd

      CREMATORIUM, MORTUARY
      2689 Sunset Pt Rd, Clearwater, FL 33759-1500
      View Details
    • Value Estimation
      $1,310,000
      7,450 SF

      200 Mcmullen Booth Rd

      CHARITABLE ORGANIZATION
      200 Mcmullen Booth Rd, Clearwater, FL 33759-4424
      View Details
    • Value Estimation by Request
      11,396 SF

      2853 Sunset Pt Rd

      CREMATORIUM, MORTUARY
      2853 Sunset Pt Rd, Clearwater, FL 33759-1606
      View Details

    Similar Nearby for Sale

    • $399,000
      Pending

      Clearwater Duplex with Leasing Income

      Income-generating duplex in Clearwater, Florida, with long-term tenant.
      300 Elizabeth Ave, Clearwater, FL 33759
      View Details
    • Contact for pricing
      1,398 SF

      Remodeled Condo with Bay Views

      Updated 2-bedroom condo with loft and Tampa Bay views.
      1111 N Bayshore Blvd, Clearwater, FL 33759
      View Details
    • Contact for pricing

      High-Traffic Commercial Land For Sale

      Signalized intersection with high visibility and easy access.
      117 N Mcmullen Booth Rd, Clearwater, FL 33759
      View Details
    • Contact for pricing
      968 SF

      Updated Condo Near Clearwater Beach

      Updated 2-bedroom condo with pool view and modern amenities.
      231 S Mcmullen Booth Rd, Clearwater, FL 33759
      View Details
    • $550,000
      1,996 SF

      Updated Clearwater Duplex Near Amenities

      Updated duplex with modern kitchens, shared yard, convenient location.
      3166 Downing St, Clearwater, FL 33759
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Remodeled Clearwater Office Building For Rent

      Class B office building with Tampa Bay views and high visibility.
      2963 Gulf To Bay Blvd, Clearwater, FL 33759
      View Details
    • Contact for pricing
      1,835 SF

      Retail Space in Clearwater Plaza

      Retail space available in Publix-anchored community center in Clearwater, Florida.
      1500-1580 N Mcmullen Booth Rd, Clearwater, FL 33759
      View Details
    • $22 SF/Yr
      11,733 SF

      Clearwater Office Space Available

      Office space available for lease in Clearwater, Florida.
      410 Park Place Blvd, Clearwater, FL 33759
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in High-Traffic Center

      Retail space available in Clearwater's busy shopping center.
      2643 Gulf To Bay Blvd, Clearwater, FL 33759
      View Details
    • Contact for pricing
      1,386 SF

      Retail Space in High-Traffic Center

      Retail space available in a heavily trafficked, anchored shopping center.
      2723-2733 Gulf To Bay Blvd, Clearwater, FL 33759
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2985 Drew St
    Clearwater, FL 33759-3012
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2985 Drew St, Clearwater, FL, 33759
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!