Entity Owned 
For Sale
1 / 32
$2,750,000
611 Palm Bluff St, Clearwater, FL 33755
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Property summary
AI-generated overview
The property is located in Clearwater and is zoned Downtown (D) and Commercial (C). It consists of a package of nine adjoining properties totaling approximately 2.21 acres, including one industrial-zoned parcel and eight additional vacant commercial lots. The zoning allows for commercial and multi-family uses. Public utilities are available, with off-site retention in place, and a site plan permit had been prepared for submittal. The corner lot provides road frontage and visibility and borders the Pinellas Trail. The overall assemblage is near downtown Clearwater and Clearwater Beach and is capable of being combined with an additional nearby parcel to create an approximately 3-acre total footprint, or it may be sold separately into constituent lots.
Property profile
Verified
Property type
Other industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,690 SF
Lot
0.42 ac (18,474 SF)
APN
09-29-15-65466-000-0260
UPID
US18-1452117
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2021
Last sale
$900,000
5 recorded transactions
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
1,690 SF
Lot area
0.42 ac
Year built
1982
Stories
1
APN
09-29-15-65466-000-0260
Assessed value
$156,276
Annual tax
$2,992
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$286k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.2 mi away · 1,239 SF
8.3 mi away · 1,736 SF
8.7 mi away · 2,000 SF
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 96 sales
$165
+3%
County 388 sales
$175
-3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $169/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$900k
Move the market yield to see immediate price impact.
Value / SF
$533
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$57k
$1.13M
$810k
$630k
$63k
$1.26M
$900k
$700k
$69k
$1.39M
$990k
$770k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$250k
8.2 mi · May 2026 · $147/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,992
Tax year 2023
Assessed value
$156,276
Assessed 2023
Previous assessed
$204,999
-23.8% YoY
Effective rate
1.91%
On assessed value
Land market value
$156,276
Total market value
$156,276
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Sale
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,690 SF
Lot
0.42 ac (18,474 SF)
APN
09-29-15-65466-000-0260
UPID
US18-1452117
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.42 ac
Zoning
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.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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