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    400 Coronado Dr Clearwater Beach, FL 33767
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    400 Coronado Dr Clearwater Beach, FL 33767

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    • Commercial land
    • 21,395 SF
    • 2.60 lot acres
    For Lease
    $60 SF/Yr
    View Listing →
    Beachfront Retail Leasing Opportunity For Lease
    $60 SF/Yr
    8,336 SF

    Beachfront Retail Leasing Opportunity

    Premier retail suites available at luxury Gulf-front hotel in Clearwater.

    400 CORONADO DRIVE, Clearwater Beach, FL 33767
    View Listing
    Property ID
    US18-9924461
    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

    • Opal Sol / Hotel & Motel

    Property Details for 400 Coronado Dr

    Year built
    1965
    Construction
    CONCRETE
    Lot size
    2.60 lot acres
    Property size
    21,395 SF
    Property type
    Commercial land
    APN
    07-29-15-52380-000-0720
    APU
    72915523800000720

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,003,608,000
      Market price range: $3.43M - $1.05G
      AI Estimate
      $1,003,608,000
      Market price range: $3.43M - $1.05G

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.8293
    Latitude
    27.9706
    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
    $395,409
    $0.00
    $0.00
    $20,689,566
    -
    $20,689,566
    $0.00
    $20,689,566

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      Mandalay Ave

      VACANT COMMERCIAL LAND • 0.15 Acres
      Mandalay Ave, Clearwater, FL 33767
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    • Value Estimation by Request
      3.44 Acres

      Mandalay Ave

      VACANT COMMERCIAL LAND • 6,456 SF
      Mandalay Ave, Clearwater, FL 33767
      View Details
    • Value Estimation by Request
      0.26 Acres

      408 Shr Dr

      VACANT COMMERCIAL LAND • 6,176 SF
      408 Shr Dr, Clearwater, FL 33767-2027
      View Details
    • Value Estimation by Request
      0.37 Acres

      41 Devon Dr

      VACANT COMMERCIAL LAND • 8,540 SF
      41 Devon Dr, Clearwater, FL 33767-2437
      View Details
    • Value Estimation
      $7,900,000
      0.69 Acres

      629 Mandalay Ave

      VACANT COMMERCIAL LAND • 0.69 Acres
      629 Mandalay Ave, Clearwater, FL 33767-1645
      View Details
    • Value Estimation
      $24,750,000
      3.02 Acres

      805 Gulfview Blvd

      VACANT COMMERCIAL LAND • 9,898 SF
      805 Gulfview Blvd, Clearwater, FL 33767-3004
      View Details

    Similar Nearby for Sale

    • $7,900,000
      9,306 SF

      Clearwater Beach Land Opportunity

      Vacant land available in Clearwater Beach, Florida.
      629 Bay Esplanade, Clearwater Beach, FL 33767
      View Details
    • Contact for pricing

      Clearwater Beach Development Opportunity

      Over an acre approved for 159 units near beach.
      S Gulfview Blvd, Clearwater, FL 33767
      View Details
    • $2,990,000

      Clearwater Beach Redevelopment Opportunity

      Waterfront property on Mandalay Channel near Clearwater Beach.
      403 E Shore Dr, Clearwater, FL 33767
      View Details
    • $724,900
      0.16 Acres

      Clearwater Beach Vacant Lot

      Vacant lot in Clearwater Beach ready for immediate development.
      925 Lantana Ave, Clearwater Beach, FL 33767
      View Details
    • $7,900,000

      Waterfront Motel Redevelopment Opportunity

      Waterfront motel with redevelopment potential on Clearwater Beach.
      629 Bay Esplanade, Clearwater Beach, FL 33767
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      3,160 SF

      Retail Space Near Clearwater Beach

      Retail space in Tampa MSA, near Clearwater Beach.
      130-200 Island Way, Clearwater, FL 33767
      View Details
    • Contact for pricing

      Retail Space Former Dippin Dots

      Retail space available, previously occupied by Dippin Dots.
      470 Poinsettia Ave, Clearwater, FL 33767
      View Details
    • Contact for pricing
      1,900 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces available near Clearwater Marina and hotels.
      300 Hamden Dr, Clearwater Beach, FL 33767
      View Details
    View Listing
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    400 Coronado Dr
    Clearwater Beach, FL 33767
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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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