New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,615,000
Apartment buildings
101 2nd N Ave, Safety Harbor, FL 34695-3622
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-7591990
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Construction
CONCRETE BLOCKS
Total area
22,175 SF
Lot
0.58 ac (25,348 SF)
APN
03-29-16-33372-010-0010
UPID
US18-7591990
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Baranoff Park Park Tourist Attraction
-
the Canopy Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.61M
Blend (final)
Blend
$5.62M
Owner & transaction history
201 Main Street LLC · 8 yrs held
201 Main Street LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.2M
+64.0%
Neighborhood: shopping center
$6.2M
+9.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Safety Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Safety Harbor submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,600,000
Current use
AUTO REPAIR, GARAGE
$9,180,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,155,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$5,315,000
Change: -5% · Conversion: Moderate
RETAIL STORES
$4,895,000
Change: -13% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,875,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$5.62M
Range $5.05M – $6.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$253 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$68,859
Tax year 2023
Assessed value
$4,395,000
Assessed 2023
Previous assessed
$4,275,000
+2.8% YoY
Effective rate
1.57%
On assessed value
Land market value
$1,251,894
Improvement market value
$3,143,106
Total market value
$4,395,000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2019
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
24
Bathrooms
15
Total area
22,175 SF
Lot
0.58 ac (25,348 SF)
APN
03-29-16-33372-010-0010
UPID
US18-7591990
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$9.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.3M
RETAIL STORES
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
3
Units
24
Bathrooms
15
Lot
0.58 ac
Current owner
From public records · entity-resolved
201 Main Street LLC
Entity
Mailing address
201 MAIN ST STE #300, SAFETY HARBOR, FL 34695-3611
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2019
—
201 Main Street LLC
—
Loan Modification
related
$14,300,000 · Valley Nat'l Bk
Apr 9, 2018
$1,600,000
201 Main Street LLC
Pk Properties
Trustees Deed
$7,150,000 · Valley Nat'l Bk
Feb 5, 2009
—
Safety Hbr Prop Holdings LLC
Curtis,daniel B
Quit Claim Deed
related
—
Jan 17, 2007
—
Pk Properties
Noah Louis D Living Trust
Quit Claim Deed
related
$500,000 · Fifth Third Bank
—
—
Thomas S Krause
—
Deed Of Trust
related
$120,000 · Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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