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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office buildings
1393 Pasadena S Ave, South Pasadena, FL 33707-3761
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-5641557
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
CONCRETE BLOCKS
Total area
2,600 SF
Lot
0.3 ac (13,242 SF)
APN
30-31-16-18180-000-0100
UPID
US18-5641557
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$555k
Owner & transaction history
Causeway Village Mhc LLC · 16 yrs held
Causeway Village Mhc LLC
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$905,000
+46.4%
Neighborhood: shopping center
$825,000
+33.4%
Warehouse, storage
$625,000
+1.2%
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 South Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Pasadena 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
OFFICE BUILDING
$620,000
Current use
AUTO REPAIR, GARAGE
$905,000
Change: +46% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$825,000
Change: +33% · Conversion: Difficult
WAREHOUSE, STORAGE
$625,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$615,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$213 / 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
$7,070
Tax year 2023
Assessed value
$400,000
Assessed 2023
Previous assessed
$355,000
+12.7% YoY
Effective rate
1.77%
On assessed value
Land market value
$233,283
Improvement market value
$166,717
Total market value
$400,000
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
1955
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
3
Total area
2,600 SF
Lot
0.3 ac (13,242 SF)
APN
30-31-16-18180-000-0100
UPID
US18-5641557
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
$620,000
AUTO REPAIR, GARAGE
Est. value
$905,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$625,000
RETAIL STORES
Est. value
$615,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1955
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
Causeway Village Mhc LLC
Entity
Mailing address
8833 GROSS PT RD STE #310, SKOKIE, IL 60077-1859
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2017
—
Causeway Village Mhc LLC
—
Deed
related
$15,936,000 · Wells Fargo Bk
May 7, 2010
$9,800,000
Causeway Village Mhc LLC
Boca Ciega Bay LLC
Grant Deed
—
Sep 7, 2005
$8,500
Boca Ciega Bay LLC
Oleander Investment Props LLC
Warranty Deed
—
Dec 16, 2004
$700,000
Oleander Investment Props LLC
A-trans L INC
Grant Deed
$1,500,000 · First Community Bank America
Jun 11, 2001
$225,000
Allstar Limousines INC
Dorocher,william J
Grant Deed
$500,000 · Florida Bank
Jul 15, 1999
$275,000
William Durocher
Bat INC
Grant Deed
$216,000 · United Bank & Trust Co
Mar 21, 1997
$10,000
Bat INC
Young,john
Quit Claim Deed
related
—
—
—
Marianna P Schlegel
—
Deed Of Trust
related
$5,488 · Barnett Bank
—
—
Causeway Village Mhc LLC
—
Deed Of Trust
related
$19,075 · General Electric Capital Corp
—
—
Allstar Limousines INC
—
Deed Of Trust
related
$575,000 · Colonial Bank
—
—
Allstar Limousines INC
—
Deed Of Trust
related
$200,000 · Florida Bank
—
—
Bat INC
—
Deed Of Trust
related
$107,000 · United Bank & Trust Co
—
—
Richard L Maynard
—
Deed Of Trust
related
$127,240 · Barnett Bank
—
—
Ronald C Ball
—
Deed Of Trust
related
$67,689 · Pnc Mortgage Corp America
—
—
Richard L Maynard
—
Deed Of Trust
related
$80,000 · Barnett Bank
—
—
Causeway Village Mhc LLC
—
Deed Of Trust
related
$8,600,000 · General Electric Capital Corp
—
—
Yvette K Cecchi
—
Deed Of Trust
related
$54,000 · North American Mortgage
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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