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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Warehouses
1227 Lincoln Ave Clearwater, FL 33756-4259
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0374100
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
FRAME
Total area
4,158 SF
Lot
0.16 ac (6,843 SF)
APN
22-29-15-62928-000-0350
UPID
US18-0374100
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
-
Two Step Entertainment, LLC Media Distribution
-
Tacos galore rice bowls and more llc Restaurant Take-out & Catering
-
Health Insurance Clearwater Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$818k
Blend (final)
Blend
$820k
Owner & transaction history
Lincoln Avenue Land Co LLC · 12 yrs held
Lincoln Avenue Land Co LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$865,000
+65.1%
Neighborhood: shopping center
$730,000
+39.8%
Office building
$705,000
+34.7%
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 Clearwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clearwater 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
WAREHOUSE, STORAGE
$525,000
Current use
RETAIL STORES
$865,000
Change: +65% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +40% · Conversion: Moderate
OFFICE BUILDING
$705,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$197 / 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
$10,869
Tax year 2023
Assessed value
$640,000
Assessed 2023
Previous assessed
$600,000
+6.7% YoY
Effective rate
1.70%
On assessed value
Land market value
$156,779
Improvement market value
$483,221
Total market value
$640,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
4
Total area
4,158 SF
Lot
0.16 ac (6,843 SF)
APN
22-29-15-62928-000-0350
UPID
US18-0374100
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
WAREHOUSE, STORAGE Current
Est. value
$525,000
RETAIL STORES
Est. value
$865,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
OFFICE BUILDING
Est. value
$705,000
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1972
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Lincoln Avenue Land Co LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1283 S LINCOLN AVE, CLEARWATER, FL 33756-8203
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2014
$370,000
Lincoln Avenue Land Co LLC
Nds Investments LLC
Warranty Deed
—
Oct 31, 2013
$335,000
Nds Investments LLC
Regions Bk
Grant Deed
$100,000 · Gail Shapiro
Jun 6, 2013
$140,500
Regions Bk
Jeanis,irma & Dru Coc
Trustees Deed
related
—
Apr 1, 2003
$415,000
Lincoln Avenue LLC
Ramirez-diaz,ana
Grant Deed
$350,000 · Taycon Consulting INC Dbpp
Aug 18, 2000
$300,000
Ana Ramirez
Depco Pump Co INC
Grant Deed
$250,000 · Seller
—
—
Lincoln Avenue LLC
—
Deed Of Trust
related
$614,733 · Amsouth Bank
—
—
Depco Pump Company INC
—
Deed Of Trust
related
$121,000 · Republic Bank
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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