Entity Owned Property summary
This exceptional 4,400 square foot office building, situated on a 0.39-acre lot at 602 S Martin Luther King Jr Avenue in Clearwater, Florida, presents a compelling investment opportunity. Currently fully leased to a government tenant under a ten-year lease, this property offers unparalleled stability and predictable income. The 7.5% capitalization rate reflects the strong cash flow potential. Recent, extensive renovations have addressed all major systems, minimizing future maintenance… expenses. Upgrades include a complete overhaul of the electrical and plumbing systems, a new roof, updated air conditioning units and ductwork, new interior framing and insulation, and fresh paint throughout. This turnkey investment requires minimal ongoing capital expenditure, allowing for immediate positive cash flow. The property's location in Clearwater, Florida, offers convenient access to major transportation routes and amenities. The long-term lease with a government tenant significantly reduces the risk associated with typical commercial real estate investments, making this an ideal addition to any portfolio seeking consistent returns and minimal management demands. Detailed financial information, including rent rolls and lease specifics, is available upon request. This is a rare opportunity to acquire a high-quality, low-maintenance commercial property with exceptional long-term prospects.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 7 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 4,400 SF
- Lot area
- 0.39 ac
- Year built
- 1964
- Stories
- 1
- APN
- 15-29-15-54450-023-0150
- Assessed value · 2023
- $345,000
- Annual tax · 2023
- $6,650
- Neighborhood: Shopping Center
- Office Building · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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