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

    300 Palm Bluff St Clearwater, FL 33755

    • Commercial real estate
    • 2.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1445959
    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

    • Commercial real estate

    Property Details for 300 Palm Bluff St

    Lot size
    2.05 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional waterfront investment opportunity in Clearwater, Florida, awaits! This 2.05-acre property, located at 300 Palm Bluff St, 33755, Pinellas County, is ideally situated for immediate development. The land is already subdivided into eight parcels, each with approved plans for the construction of single-family homes ranging from approximately 2,500 to 4,000 square feet. Significant infrastructure is already in place, including a functioning dock and seawall, providing convenient waterfront access. The property's prime location offers unparalleled convenience, with proximity to vibrant shopping centers, diverse restaurants, and stunning beaches. Furthermore, the recently constructed Ruth Eckerd Hall Venue and education center are just a short distance away, adding to the desirability of this location. This turnkey development project presents a rare chance to capitalize on the thriving Clearwater real estate market. The asking price for this exceptional property is $7,490,000. Don't miss this opportunity to acquire a highly desirable waterfront development site in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.801006
    Latitude
    27.978071

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    Similar Nearby for Sale

    • $495,000
      Pending

      Clearwater Duplex with Attached Garages

      Well-maintained Clearwater duplex with attached garages and strong rental income potential.
      1300 Amble Ln, Clearwater, FL 33755
      View Details
    • $479,999
      Pending

      Renovated Duplex in Clearwater, Florida

      Fully renovated duplex with rental potential in a prime location.
      1155 Stevenson Ave, Clearwater, FL 33755
      View Details
    • $1,870,000
      6,509 SF

      Clearwater Multifamily Investment Opportunity

      Investment property featuring 9 income-producing units in Clearwater, Florida.
      1302 Sunset Point Rd, Clearwater, FL 33755
      View Details
    • $899,990
      2,094 SF

      Clearwater Quadplex Near Pinellas Trail

      Income-generating quadplex with renovated units, close to amenities and beaches.
      2065 N Betty Ln, Clearwater, FL 33755
      View Details
    • $790,000
      882 SF

      Six Units on Four Parcels

      Six housing units across four parcels, an investor opportunity in Clearwater.
      1453 Cleveland St, Clearwater, FL 33755
      View Details
    • $3,000,000
      2,330 SF

      Clearwater Medical Office with Rental

      Established medical office with rental unit and development potential.
      1762 N Fort Harrison Ave, Clearwater, FL 33755
      View Details

    Similar Nearby for Lease

    • $90,220

      Clearwater Specialty Property for Rent

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      Clearwater Retail/Office Space Available

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      Renovated Commercial Building in Clearwater

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      Clearwater Corporate HQ Office Space

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      Office Space in Downtown Clearwater

      Office space available for rent in downtown Clearwater, Florida.
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    • Contact for pricing
      6,901 SF

      Retail Space in Clearwater, FL

      Retail space available for lease in Clearwater, Florida.
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    300 Palm Bluff St
    Clearwater, FL 33755
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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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