16333 Bay Vista DrClearwater, FL 33760

Property Details for 16333 Bay Vista Dr

Year built

1988

Construction

CONCRETE BLOCKS

Lot size

1.46 AC

Property size (Sq ft)

23,612 SF

Property type

Office buildings

APN

33-29-16-70380-200-1601

APU

332916703802001601

Description

This exceptional 24,512-square-foot industrial property, located at 16333 Bay Vista Drive in Clearwater, Florida, presents a compelling value-add investment opportunity. The single-story building, constructed in 1988, sits on a 1.46-acre lot and boasts an 18-foot ceiling height. Currently 100% occupied, the property offers significant upside potential due to below-market lease rates with the existing tenant. Zoned P-1 - Clearwater, this distribution/flex/warehouse space benefits from its prime location in Pinellas County. Enjoy excellent access to major transportation arteries, including US Highway 19 and Interstate 275, as well as proximity to St. Pete-Clearwater International Airport and Tampa International Airport. This strategic location provides effortless connectivity to a substantial population base, reaching 3.7 million people within a 60-minute commute, encompassing Hillsborough, Pinellas, Pasco, and Polk Counties. The asking price is $3,100,000, translating to $126.47 per square foot. This property represents a rare chance to acquire a well-positioned industrial asset with substantial future growth prospects.

• CAP approach

  CAP return

  Valuation

  6%

  $4,603,112

  6.5%

  $4,249,026

  7%

  $3,945,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,603,931

  Geo Method

  $2,603,931

• Alternative Use

  Use

  Valuation

  Residential

  $5,268,792

  Hospitality

  $4,826,186

  Educational

  $4,015,330

  Medical

  $4,153,423

  Retail

  $6,246,068

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

27.9213

Longitude

-82.707

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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