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4241 114th N Ter Clearwater, FL 33762-4906

OFF-MARKET Manufacturing properties Google Maps
8,400 SF 0.47 ac lot Built 1984
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$630k
Range $567k – $693k (±10%)
Property ID US18-5156724

Property summary

AI-generated overview

This exceptional 8,320-square-foot flex space in Clearwater, Florida, presents a compelling investment opportunity. Situated at 4241 114th Terrace N, this single-story, 1984-built building offers a desirable blend of warehouse and office functionality. The property features a spacious layout with a 15-foot ceiling height, perfect for various industrial or flex uses. Loading is facilitated by three loading docks: two oversized (12' x 14') and one grade-level (9' x 10'). Ample parking is provided, with a ratio of 14 spaces per 1,000 square feet. The building boasts concrete block/stucco construction and benefits from a recently updated roof (2022), ensuring long-term durability and reduced maintenance costs. The property includes warehouse lighting, three-phase power, and a wet fire suppression system. Located in Pinellas County, this high-demand area offers easy access to major transportation arteries, including US 19 and Interstate 275. The 0.47-acre lot provides ample space for expansion or outdoor storage. This stand-alone building is ideal for businesses seeking a functional and well-maintained space in a strategic location. The property's features and location combine to create a strong investment opportunity with significant potential for return.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1984
Construction CONCRETE BLOCKS
Total area 8,400 SF
Lot 0.47 ac (20,338 SF)
APN 15-30-16-29244-000-0090
UPID US18-5156724

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$630k

Owner & transaction history

since 2016
5 recorded transactions
2016
$600,000
2016
$485,000
2015
Price N/A
2010
Price N/A
1991
$235,000

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $1.8M +33.6%
Retail stores $1.7M +28.4%
Office building $1.6M +16.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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