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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Warehouses
12950 58th N St Clearwater, FL 33760-3935
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2728337
Property summary
AI-generated overview
Located in Clearwater, Florida's South Pinellas submarket, Palm Leaf Business Park offers 32,687 square feet of renovated industrial space. This Class B property, built in 1986 and completely renovated in 2024, comprises two buildings with 19 suites available for lease. Units range from 1,400 to 4,644 contiguous square feet, perfect for various manufacturing, flex, warehouse, distribution, or R&D needs. The park features 36 drive-in doors, two points of ingress and egress, and ample parking (two spaces per suite). Each unit boasts a 14-foot ceiling height, two 12ft x 10ft grade-level doors, upgraded offices with space for portable AC units, and recently remodeled private restrooms. A new roof (2024) keeps units cooler, and a state-of-the-art surveillance system enhances security. The property sits on 2.31 acres, zoned M-1, and is conveniently located off US-19 and Ulmerton Road, near the intersection of 58th St N. The property is in excellent condition. Note: No automotive uses are permitted. Three-phase power is available.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
CONCRETE BLOCKS
Total area
14,296 SF
Lot
2.39 ac (104,021 SF)
APN
08-30-16-70974-100-1501
UPID
US18-2728337
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
-
Cross Signs (Bike/Boat/Book/etc) Store Printing Service
-
Millennium CNC Industrial Manufacturer
-
Total Precision Fabworx Fabrication Engineer
-
Urban Kitchen & Bath Hardware & Home Improvement Kitchen & Bath Showroom
-
Montana Capital Car Title Loans Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$2.94M
Owner & transaction history
Palm Leaf Holdings 5 LLC · 2 yrs held
Palm Leaf Holdings 5 LLC
since 2023
Last sale
$3.3M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$2,005,000
6.5%
$1,850,000
7%
$1,720,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,645,000
Current use
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±10% · vs last sale $3.30M (Nov 30 2023)
Last sale anchor
$3.30M
Nov 30 2023
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
$206 / 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
$12,684
Tax year 2023
Assessed value
$487,000
Assessed 2023
Previous assessed
$476,000
+2.3% YoY
Effective rate
2.60%
On assessed value
Land market value
$126,848
Improvement market value
$360,152
Total market value
$487,000
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
1981
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
13
Total area
14,296 SF
Lot
2.39 ac (104,021 SF)
APN
08-30-16-70974-100-1501
UPID
US18-2728337
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
$4.6M
WAREHOUSE, STORAGE Current
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
1981
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
13
Lot
2.39 ac
Current owner
From public records · entity-resolved
Palm Leaf Holdings 5 LLC
Entity
Mailing address
2001 MIDWEST RD STE #100, OAK BROOK, IL 60523-4302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2023
$3,300,000
Palm Leaf Holdings 5 LLC
Kim Hartsfield Wallace
Special Warranty Deed
$2,160,000 · Aetna Health INC
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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