3770 Ulmerton Rd Clearwater, FL 33762-4215
Property profile & analytics
3770 Ulmerton Rd, Clearwater, FL 33762-4215
- Drive through restaurants
- 3,415 SF
- 0.92 lot acres
Property ID
US18-5456768
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.
Location Intelligence
Current Use by Public Records
- Burger King / Restaurant
Property Details for 3770 Ulmerton Rd
- Year built
- 2019
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.92 lot acres
- Property type
- Drive through restaurants
- APN
- 10-30-16-71010-100-0402
- APU
- 103016710101000402
Description
This exceptional investment opportunity presents a 3,415 square foot Burger King located at 3770 Ulmerton Rd, Clearwater, FL 33762. Built in 2019, this single-tenant, net-lease property boasts a 100% occupancy rate and a strong NOI of $95,117, representing a 5.82% cap rate. The asking price is $1,635,000 ($478.77/sq ft). Situated on a 0.92-acre lot at a highly visible, lighted intersection, the property benefits from exceptional daily traffic counts of nearly 86,000 vehicles on Ulmerton Road, a major thoroughfare connecting to the busiest bridge in the Tampa MSA. The location is further enhanced by its proximity to the St. Pete-Clearwater Airport, which saw over 2.5 million passengers in 2023, representing a 10.4% increase since 2019. The strong demographics include a daytime population of 93,000 within a 3-mile radius and 104,000 people within a 10-minute drive. Pinellas County, known for its high population density and robust tourism sector ($6.6 billion in tourism spending in 2023), provides a stable and growing market. The Burger King franchisee has operated at this location for nearly 40 years, demonstrating long-term stability and commitment. The property features rent bumps, and the tenant's sales generate a healthy 7.5% rent-to-sales ratio. This is an absolute NNN ground lease with no landlord responsibilities and potential upside through percent rent.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,242,000
- AI Estimate
- $3,242,000
Market price range: $759k - $3.24MMarket price range: $759k - $3.24M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,750,000 Current use
- AUTO REPAIR, GARAGE
- $2,005,000 Change: +15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6847
- Latitude
- 27.8932
- 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
$29,864
$0.00
$0.00
$1,555,000
-
$497,593
$1,057,407
$1,555,000
