Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5475 115th N Ave Clearwater, FL 33760-4842
    Back to Search
    Property profile & analytics

    5475 115th N Ave, Clearwater, FL 33760-4842

    View on Map
    • Manufacturing properties
    • 11,200 SF
    • 0.60 lot acres
    Off-Market
    Property ID
    US18-4423998
    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
    $3,595,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LIVE Watersports / Industrial Manufacturer / Production Facility

    Property Details for 5475 115th N Ave

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.60 lot acres
    Property type
    Manufacturing properties
    APN
    16-30-16-57676-000-0110
    APU
    163016576760000110

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,597,000
      Market price range: $1.26M - $11.4M
      AI Estimate
      $3,597,000
      Market price range: $1.26M - $11.4M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,085,000
      Current use
      RESTAURANT
      $5,740,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.709
    Latitude
    27.8769
    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
    $16,060
    $0.00
    $0.00
    $850,000
    -
    $208,133
    $641,867
    $850,000

    Comparable in this City

    • Value Estimation by Request
      30.20 Acres

      5200 126Th Ave

      Manufacturing properties
      5200 126Th Ave, Clearwater, FL 33760
      View Details
    • Value Estimation
      $10,865,000
      46,480 SF

      5320 140th N Ave

      MANUFACTURING (LIGHT)
      5320 140th N Ave, Clearwater, FL 33760-3743
      View Details
    • Value Estimation
      $4,445,000
      15,530 SF

      11429 53rd N St

      MANUFACTURING (LIGHT)
      11429 53rd N St, Clearwater, FL 33760-4824
      View Details
    • Value Estimation
      $15,575,000
      49,170 SF

      11600 53rd N St

      MANUFACTURING (LIGHT)
      11600 53rd N St, Clearwater, FL 33760-4827
      View Details
    • Value Estimation
      $2,285,000
      7,134 SF

      5120 110th N Ave

      MANUFACTURING (LIGHT)
      5120 110th N Ave, Clearwater, FL 33760-4804
      View Details
    • Value Estimation
      $1,990,000
      6,174 SF

      5060 110th N Ave

      MANUFACTURING (LIGHT)
      5060 110th N Ave, Clearwater, FL 33760-4807
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,640 SF

      Warehouse/Office Manufacturing Facility For Sale

      Versatile 10,640 SF warehouse/office in desirable industrial park.
      14350 60Th St N, Clearwater, FL 33760
      View Details
    • $2,087,000
      8,600 SF

      Clearwater Office Building Investment

      8,600 SF Flex Office, 100% Occupied
      14333 58Th St, Clearwater, FL 33760
      View Details
    • Contact for pricing
      6,000 SF

      Clearwater Warehouse Near Highway 19

      6,000 SF warehouse with logistical ease near Tampa.
      2868 Roosevelt Blvd, Clearwater, FL 33760
      View Details
    • Contact for pricing
      8,600 SF

      Largo Warehouse For Sale

      8,600 sq ft warehouse in Largo, Florida.
      14333 58Th St N, Largo, FL 33760
      View Details
    • $895,000
      2,627 SF

      Clearwater Office Space For Sale

      Office property with 2627 square feet available for purchase.
      2886 Whitney Rd, Clearwater, FL 33760
      View Details
    • $224,000

      Waterfront Condo in Caribay Community

      Ground-floor condo with Tampa Bay waterfront community amenities.
      2980 Haines Bayshore Rd, Clearwater, FL 33760
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Clearwater Industrial Building with Paint Booth

      8,166 SF industrial building featuring office and warehouse space.
      6236 147Th Ave North, Clearwater, FL 33760
      View Details
    • Contact for pricing

      Clearwater Industrial Building with Paint Booth

      8,166 SF industrial building with office and warehouse space.
      6236 147Th Ave N, Clearwater, FL 33760
      View Details
    • Contact for pricing
      13,934 SF

      Warehouse and Office Space Available

      Flexible warehouse and office spaces with ample parking.
      6021 N 142Nd Ave, Largo, FL 33760
      View Details
    • Contact for pricing
      24,118 SF

      Clearwater Industrial Warehouse Space Available

      24,118 SF industrial space with multiple loading doors.
      12290 Us Highway 19 N, Clearwater, FL 33760
      View Details
    • Contact for pricing
      2,170 SF

      Clearwater Flex Space Sublease

      Commercial flex space available for sublease in Clearwater, Florida.
      4900 Creekside Dr, Clearwater, FL 33760
      View Details
    • Contact for pricing

      Clearwater Office/Warehouse End-Cap Space

      6,500 SF office/warehouse with heavy power and convenient location.
      14401 60Th St North, Clearwater, FL 33760
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5475 115th N Ave
    Clearwater, FL 33760-4842
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5475 115th N Ave, Clearwater, FL, 33760
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!