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Property profile & analytics
OFF-MARKET
Estimated value
$6,245,000
Manufacturing properties
13630 50th N Way Clearwater, FL 33760-3731
Entity Owned
Free & Clear
Property ID
US18-5523952
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Construction
CONCRETE BLOCKS
Total area
8,154 SF
Lot
4.88 ac (212,629 SF)
APN
04-30-16-70902-400-0802
UPID
US18-5523952
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
-
Gator Dredging Construction Company General Contractor
-
Gator Transport Group Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.49M
Blend (final)
Blend
$6.25M
Owner & transaction history
Tl II Holdings 50th Way Spv LLC
Tl II Holdings 50th Way Spv LLC
since 2026
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.8M
+29.4%
Restaurant
$4.2M
+12.9%
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
AUTO REPAIR, GARAGE
$4,790,000
Change: +29% · Conversion: Easy
RESTAURANT
$4,180,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$6.25M
Range $5.62M – $6.87M · ±10% · vs last sale $7.00M (Jan 9 2026)
Last sale anchor
$7.00M
Jan 9 2026
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
$766 / 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
$24,546
Tax year 2023
Assessed value
$1,297,968
Assessed 2023
Previous assessed
$1,254,017
+3.5% YoY
Effective rate
1.89%
On assessed value
Land market value
$903,675
Improvement market value
$394,293
Total market value
$1,297,968
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
1985
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
3
Total area
8,154 SF
Lot
4.88 ac (212,629 SF)
APN
04-30-16-70902-400-0802
UPID
US18-5523952
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
AUTO REPAIR, GARAGE
Est. value
$4.8M
RESTAURANT
Est. value
$4.2M
AUTO REPAIR, GARAGE
RESTAURANT
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
1985
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
4.88 ac
Current owner
From public records · entity-resolved
Tl II Holdings 50th Way Spv LLC
Entity
Free & Clear · 0 yrs held
Mailing address
13630 50TH WAY N, CLEARWATER, FL 33760-3731
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
—
Tl II Holdings 50th Way Spv LLC
—
Deed
related
$12,000,000 · Beverly Bank & Trust Co NA
Jan 9, 2026
$7,000,000
Tl II Holdings 50th Way Spv LLC
50way Partners LLC
Special Warranty Deed
—
Mar 3, 2025
$4,650,000
50th Way Partners LLC
50th Way North LLC
Special Warranty Deed
$2,703,500 · Georgia Banking Co
Jun 19, 2023
—
50th Way North LLC
—
Deed
related
$660,000 · Amerant Bank NA
Nov 3, 2022
—
50th Way North LLC
Waterfront Property Services LLC
Warranty Deed
$1,464,000 · Amerant Bank NA
Oct 22, 2019
$1,250,000
Waterfront Prop Svcs LLC
Gator Mountain Properties LLC
Warranty Deed
$820,000 · Bankunited Fsb
Sep 24, 2015
—
Gator Mountain Properties LLC
Waterfront Property Svcs LLC
Grant Deed
—
Feb 24, 2014
$775,000
Waterfront Property Svcs LLC
Cocoa Masonry Of Pinellas Cnty In
Warranty Deed
$697,500 · James T Paul
May 30, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
May 30, 2006
$750,000
Cocoa Masonry Of Pinellas Cnty In
Island Estates Land Trust
Warranty Deed
$750,000 · James T & Brenda S Paul
Dec 3, 2004
—
Island Estates Land Trust
Paul James T
Warranty Deed
related
—
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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