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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Bars & Pubs
1022 Georgia Ave Palm Harbor, FL 34683-4317
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US19-0315649
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1954
Construction
FRAME
Total area
864 SF
Lot
0.13 ac (5,750 SF)
APN
01-28-15-88560-105-0500
UPID
US19-0315649
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
-
The Nauti Dog Taphouse and Eatery Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$404k
Blend (final)
Blend
$625k
Owner & transaction history
Gfb Properties LLC · 1 yrs held
Gfb Properties LLC
since 2024
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$540,000
+106.8%
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 Palm Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm 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
$605,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$540,000
Change: +107% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $850k (Sep 9 2022)
Last sale anchor
$850k
Sep 9 2022
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
$723 / 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
$5,167
Tax year 2023
Assessed value
$280,000
Assessed 2023
Previous assessed
$195,000
+43.6% YoY
Effective rate
1.85%
On assessed value
Land market value
$153,124
Improvement market value
$126,876
Total market value
$280,000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1954
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
864 SF
Lot
0.13 ac (5,750 SF)
APN
01-28-15-88560-105-0500
UPID
US19-0315649
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
COMMERCIAL (GENERAL)
Est. value
$540,000
COMMERCIAL (GENERAL)
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
1954
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Gfb Properties LLC
Entity
Mailing address
4191 CAPITOL DR, PALM HARBOR, FL 34685-1082
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
$20,000
Gfb Properties LLC
Nathan Grace Properties LLC
Warranty Deed
—
Aug 5, 2024
$750,000
Gfb Properties LLC
Nathan Grace Properties LLC
Warranty Deed
—
Jul 17, 2024
—
Nathan Grace Properties LLC
—
Deed
related
$175,000 · Lisa M Nassensetein Etul
Sep 9, 2022
—
Nathan Grace Properties LLC
Richard Nassenstein
Quit Claim Deed
related
—
Sep 8, 2022
$850,000
Richard Nassenstein
Rosetta Post
Warranty Deed
—
Sep 5, 2019
—
Rosetta Post
—
Deed
related
$200,000 · Centerstate Bank Of Florida NA
Apr 19, 2018
$240,000
Rosetta Post
Md Holdings LLC
Warranty Deed
$168,000 · Md Holdings LLC
Aug 16, 2007
$225,000
Md Holdings LLC
Fresh,matthew D
Warranty Deed
—
Jun 11, 2004
$195,000
Matthew Fresh
Bayou Marketing Group INC
Grant Deed
—
Mar 17, 2003
$80,600
Bayou Marketing Group INC
Torgersen,harry H
Grant Deed
—
—
—
Matthew D Fresh
—
Deed Of Trust
related
$40,000 · Bank Of America
—
—
Matthew D Fresh
—
Deed Of Trust
related
$180,000 · Bank Of America
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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