Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,290,000
Specialty properties
1390 Sunset Pt Rd Clearwater, FL 33755-1534
Entity Owned
13-yr Hold
Property ID
US18-9034855
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1969
Construction
CONCRETE BLOCKS
Total area
25,596 SF
Lot
7.55 ac (328,887 SF)
APN
03-29-15-55548-000-0090
UPID
US18-9034855
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
-
Narconon Suncoast Florida Medical Clinic
-
Narconon Suncoast Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.29M
Blend (final)
Blend
$3.29M
Owner & transaction history
Rehabilitation Initiatives LLC · 13 yrs held
Rehabilitation Initiatives LLC
since 2013
5 recorded transactions
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,320,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,215,000
Change: -8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,145,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$4,570,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±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
$129 / 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
Assessed value
$2,474,966
Assessed 2023
Previous assessed
$2,342,396
+5.7% YoY
Land market value
$951,150
Improvement market value
$1,523,816
Total market value
$2,474,966
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1969
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
60
Bathrooms
7
Total area
25,596 SF
Lot
7.55 ac (328,887 SF)
APN
03-29-15-55548-000-0090
UPID
US18-9034855
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
RETAIL STORES
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.6M
RETAIL STORES
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1969
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Units
60
Bathrooms
7
Lot
7.55 ac
Current owner
From public records · entity-resolved
Rehabilitation Initiatives LLC
Entity
Mailing address
1390 SUNSET PT RD, CLEARWATER, FL 33755-1534
Ownership since
2013
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
May 16, 2013
$950,000
Rehabilitation Initiatives LLC
New Beginnings Community Ch
Warranty Deed
$807,500 · Regions Bank
Jul 2, 2008
$600,000
New Beginnings Cmnty Ch INC
Pathways Community Church INC
Warranty Deed
$560,000 · Old Harbor Bank
Mar 15, 2005
$3,857
Pathways Community Church INC
Sunset Pt Baptist Ch Of Clearwate
Warranty Deed
—
Mar 13, 2003
$300,000
Clearwater City (fl)
Sunset Point Baptist Church
Grant Deed
—
—
—
New Beginnings Cmnty Ch INC
—
Deed Of Trust
related
$5,000 · Old Harbor 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.
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 1390 Sunset Pt Rd?
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.
