Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,800,000
Manufacturing properties
12485 44th N St Clearwater, FL 33762-5116
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2142235
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Construction
FRAME
Total area
17,410 SF
Lot
0.81 ac (35,214 SF)
APN
10-30-16-71010-300-0403
UPID
US18-2142235
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
-
Quality Scooter Parts Big Box & Wholesale Store
-
Midway Automotive LLC Auto Repair Shop
-
Euro Tech Performance Auto Repair Shop
-
Rbk European Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.80M
Owner & transaction history
Clearwater Small Bay LLC · 1 yrs held
Clearwater Small Bay LLC
since 2024
Last sale
$5.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+216.6%
Apartment house (5+ units)
$3.8M
+33.6%
Retail stores
$3.6M
+28.4%
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
$5,800,000
ML approach
$5,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,920,000
Change: +217% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,765,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$3,620,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$5.80M
Range $5.22M – $6.38M · ±10% · vs last sale $5.80M (Sep 19 2024)
Last sale anchor
$5.80M
Sep 19 2024
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
$333 / 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
$15,671
Tax year 2023
Assessed value
$768,000
Assessed 2023
Previous assessed
$768,000
+0.0% YoY
Effective rate
2.04%
On assessed value
Land market value
$298,521
Improvement market value
$469,479
Total market value
$768,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
5
Total area
17,410 SF
Lot
0.81 ac (35,214 SF)
APN
10-30-16-71010-300-0403
UPID
US18-2142235
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
RESTAURANT
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
RETAIL STORES
Est. value
$3.6M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1983
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.81 ac
Current owner
From public records · entity-resolved
Clearwater Small Bay LLC
Entity
Mailing address
1202 AVE U BLVD #1117, BROOKLYN, NY 11229-4107
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
$5,800,000
Clearwater Small Bay LLC
Skyway Plaza II LLC
Warranty Deed
$5,075,000 · Rra Real Estate Debt Fund III Subsidiary
May 20, 2019
$2,090,000
Skyway Plaza 3 LLC
Bayside Industrial Park LLC
Special Warranty Deed
$1,567,500 · Valley National Bank
Jan 14, 2005
$1,575,000
Bayside Industrial Park LLC
Dynamic Investments INC
Grant Deed
$1,875,000 · Whitney National Bank
Jul 15, 1999
$537,500
Lynmar Properties INC
Mears,robert E
Grant Deed
—
—
—
Dynamic Investments INC
—
Deed Of Trust
related
$960,000 · Premier Community Bank Florida
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12485 44th N St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
