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    4445 Bay Dr Clearwater, FL 33764-6873
    Property profile & analytics

    4445 Bay Dr, Clearwater, FL 33764-6873

    View on Map
    • Strip malls
    • 11,426 SF
    • 3.21 lot acres
    Off-Market
    Last Sale Jun 15, 2022
    $2,252,000
    Property ID
    US18-3303760
    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
    $2,340,000
    Show details
    Cap Rate Potential
    6.5%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Thai Basil / Restaurant
    • Chelo's Hair Salon / Hair Salon / Nail Salon
    • Income Tax Plus / Accounting Firm / Tax Preparation
    • Jian Xue / Alternative Medicine Practice / Acupuncture
    • Euphoria Smoke Shop & Dispensary / (Bike/Boat/Book/etc) Store

    Property Details for 4445 Bay Dr

    Year built
    1977
    Construction
    CONCRETE BLOCKS
    Lot size
    3.21 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    31-29-16-70344-300-0300
    APU
    312916703443000300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,430,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,620,000
      6.5%
      $2,415,000
      7%
      $2,245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,906,000
      Market price range: $989k - $3.07M
      AI Estimate
      $2,906,000
      Market price range: $989k - $3.07M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,010,000
      Current use
      RETAIL STORES
      $2,375,000
      Change: +18% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,325,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $2,145,000
      Change: +7% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,950,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7414
    Latitude
    27.9156
    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
    $40,659
    $0.00
    $0.00
    $2,150,000
    -
    $1,138,625
    $1,011,375
    $2,150,000

    Comparable in this City

    • Value Estimation by Request
      2,909 SF

      2468 Belleair Rd

      SHOPPING CENTER, STRIP CENTER
      2468 Belleair Rd, Clearwater, FL 33764-2795
      View Details
    • Value Estimation
      $1,205,000
      9,500 SF

      18350 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER
      18350 Us Hwy 19th N, Clearwater, FL 33764-1723
      View Details
    • Value Estimation
      $2,725,000
      15,652 SF

      4760 Bay Dr

      SHOPPING CENTER, STRIP CENTER
      4760 Bay Dr, Clearwater, FL 33764-5703
      View Details
    • Value Estimation
      $6,775,000
      64,388 SF

      14100 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER
      14100 Us Hwy 19th N, Clearwater, FL 33764-7241
      View Details
    • Value Estimation
      $640,000
      6,288 SF

      16424 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER
      16424 Us Hwy 19th N, Clearwater, FL 33764-6704
      View Details
    • Value Estimation
      $1,560,000
      5,794 SF

      18415 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER
      18415 Us Hwy 19th N, Clearwater, FL 33764-1740
      View Details

    Similar Nearby for Sale

    • $5,256,000

      Shoppes at East Bay

      Newly constructed retail property with medical tenants in Clearwater, FL.
      4825 East Bay Dr, Clearwater, FL 33764
      View Details
    • $2,200,000
      9,799 SF

      Clearwater Mixed-Use Development Opportunity

      2.7-acre parcel in active commercial corridor with development flexibility.
      11400 Us Highway 19 N, Clearwater, FL 33764
      View Details
    • $290,406

      High-Visibility Retail/Office Space on US-19

      3,601 SF space on a busy commercial corridor.
      5395 E Bay Dr, Clearwater, FL 33764
      View Details
    • Contact for pricing
      9,799 SF

      Prime Commercial Development Opportunity

      2.7-acre parcel on US 19 with B-1 zoning.
      11400 Us Highway 19 N, Clearwater, FL 33764
      View Details
    • $1,849,000
      1.03 Acres

      Clearwater Commercial Parcel For Sale

      Prime 1+ acre commercial land in Clearwater, Florida.
      00 Us Highway 19 N, Clearwater, FL 33764
      View Details
    • Contact for pricing
      4,233 SF

      Freestanding Building on Large Lot

      4,233 SF building on 1.02 acres with 32 parking spaces.
      2200 Belleair Rd, Clearwater, FL 33764
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Destination on US Hwy

      Premier retail destination on US Hwy 19 in Pinellas County.
      5220 E Bay Dr, Largo, FL 33764
      View Details
    • Contact for pricing
      1,000 SF

      Retail/Office Center with Pylon Signage

      32,000 SF retail/office center with excellent visibility and parking.
      1449 S Belcher Rd, Clearwater, FL 33764
      View Details
    • Contact for pricing
      19,132 SF

      Retail Space Near Clearwater Beach

      Retail space in a high-traffic, densely populated area.
      525 S Belcher Rd, Clearwater, FL 33764
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Tri-City Plaza

      Newly redeveloped retail space in a premier shopping center.
      5110 East Bay Dr, Largo, FL 33764
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on High-Traffic Road

      Retail space with pylon signage and multiple access points.
      4100 E Bay Dr, Clearwater, FL 33764
      View Details
    • Contact for pricing

      Clearwater Warehouse/Showroom on US Highway

      12,000 SF warehouse/showroom with highway frontage and visibility.
      10877 Us Highway 19 North, Clearwater, FL 33764
      View Details
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    Clearwater, FL 33764-6873
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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.

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