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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Office buildings
126 3rd N Ave Safety Harbor, FL 34695-3667
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4110180
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
CONCRETE BLOCKS
Total area
2,676 SF
Lot
0.16 ac (7,013 SF)
APN
03-29-16-33372-010-0030
UPID
US18-4110180
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
-
Faces by Diane Spa & Massage Center Skin Care Clinic
-
firstbreathstudio Medical Clinic Alternative Medicine Practice
-
I knead A Massage Alternative Medicine Practice Spa & Massage Center
-
Studio 126 (Bike/Boat/Book/etc) Store Photography Service
-
Salon ZERO Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$963k
Blend (final)
Blend
$895k
Owner & transaction history
Mari-gabi Us LLC · 5 yrs held
Mari-gabi Us LLC
since 2020
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+72.7%
Neighborhood: shopping center
$745,000
+15.8%
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 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%
$740,000
6.5%
$680,000
7%
$635,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$640,000
Current use
AUTO REPAIR, GARAGE
$1,110,000
Change: +73% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$590,000
Change: -8% · Conversion: Moderate
WAREHOUSE, STORAGE
$590,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $825k (Nov 10 2020)
Last sale anchor
$825k
Nov 10 2020
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
$334 / 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
$13,492
Tax year 2023
Assessed value
$785,000
Assessed 2023
Previous assessed
$715,000
+9.8% YoY
Effective rate
1.72%
On assessed value
Land market value
$293,200
Improvement market value
$491,800
Total market value
$785,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Bathrooms
4
Total area
2,676 SF
Lot
0.16 ac (7,013 SF)
APN
03-29-16-33372-010-0030
UPID
US18-4110180
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
OFFICE BUILDING Current
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$745,000
RETAIL STORES
Est. value
$590,000
WAREHOUSE, STORAGE
Est. value
$590,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1991
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Mari-gabi Us LLC
Entity
Mailing address
2436 RHODESIAN DR APT #34, CLEARWATER, FL 33763-1936
Ownership since
2020
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
Nov 10, 2020
$825,000
Mari-gabi Us LLC
Idi LLC
Warranty Deed
—
May 16, 2013
$250,000
Idi LLC
Livingstone & Paulson Trust
Grant Deed
—
Dec 26, 2007
—
Livingstone & Paulson Trust
Paulson,dianne L
Quit Claim Deed
related
—
Jan 11, 2002
$325,000
Dianne L Paulson
Gulkis,dennis & Julie
Grant Deed
—
Jun 4, 1998
$249,900
Dennis Gulkis
Beau,philippe
Grant Deed
$187,425 · Peoples Bank & Trust
—
—
Idi LLC
—
Deed Of Trust
related
$100,000 · First Bank
—
—
Dianne L Paulson
—
Deed Of Trust
related
$271,936 · 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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