Property profile

483 Mandalay Ave Clearwater, FL 33767

OFF-MARKET
Investment properties
Property ID
US18-8327337
37,722 SF Built 1994
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Pelican Walk Plaza, located at 483 Mandalay Ave, Clearwater Beach, FL 33767, offers a unique opportunity to lease Class A office space in a landmark retail plaza. This two-story, 38,017 square foot building, constructed in 1992 and extensively renovated in 2024, boasts a prime location directly across from beach access and adjacent to a public parking garage with over 780 spaces. The available space, ranging from 900 to 2,735 contiguous square feet, is situated within a vibrant, diverse tenant mix. Unit 201, located on the second floor, offers a newly renovated interior featuring tile flooring, high industrial ceilings, new AC units, updated bathrooms, a front reception area, a large open floor plan, a conference room, a kitchenette, and two bathrooms. The unit also includes outdoor balcony space providing excellent street visibility. The building features four staircases and two elevators, ensuring convenient access. The property's zoning is Tourist, and it benefits from a comprehensive landlord-implemented signage program, including directories and marketing screens, maximizing tenant exposure. The space is suitable for office, retail, or restaurant use, however, vape shops, smoke shops, kava bars, and tattoo parlors are not permitted. This exceptional property offers unparalleled visibility and accessibility in a high-demand Clearwater Beach location.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1994
Construction WOOD FRAME
Total area 37,722 SF
APN 08-29-15-60417-000-0100
UPID US18-8327337

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Restaurant
  • Real Estate Agency
  • Bar & Pub Restaurant
  • (Bike/Boat/Book/etc) Store

Location

483 Mandalay Ave Clearwater, FL 33767-2034
Clearwater metro Census 26003 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.77B
Blend (final) Blend
$1.77B

Owner & transaction history

since 2018
1 recorded transaction
2018
$14.4M

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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