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Property profile & analytics
OFF-MARKET
Estimated value
$6,750,000
Warehouses
14605 49th N St Clearwater, FL 33762-2815
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4726220
Property summary
AI-generated overview
Bayside Industrial Park offers 44,562 square feet of versatile industrial space for lease in Pinellas County, Florida. This Class B property, built in 1978 and renovated in 1997, comprises two single-story buildings with 29 suites, ranging from a minimum of 1,000 square feet to a maximum contiguous space of 39,500 square feet. The property sits on 2.39 acres (104,078 square feet) and features 14-foot ceiling heights, 29 drive-in doors, and ample parking with 102 spaces. Conveniently located off 49th St N and 145th Ave N, it offers easy access to major roadways including US Highway 19, Ulmerton Road, and I-275, providing excellent connectivity to Tampa, Downtown St. Pete, and both Tampa International and St. Pete Clearwater International Airports. The property is zoned M-1 and is ideal for a variety of users, including contractors, material companies, and small distribution businesses. Public transportation is within walking distance. The property boasts two points of entry for efficient shipping and receiving, and is fenced and secured. Three-phase power is available.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
CONCRETE BLOCKS
Total area
37,062 SF
Lot
2.39 ac (104,078 SF)
APN
04-30-16-70902-100-0204
UPID
US18-4726220
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
-
Doorstep Automotive Auto Repair Shop
-
Tampa Bay Monitoring Telecommunications Service
-
Action Plus Bail Bonds Law Firm
-
Pretzel Empire Bakery Specialty Food Shop
-
GO4 Junk Removal of South Pinellas Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.75M
CAP Approach
CAP
$4.80M
Comparable Approach
Comparable
$4.73M
Blend (final)
Blend
$6.75M
Owner & transaction history
Wmgsa Bof Clearwater LLC · 2 yrs held
Wmgsa Bof Clearwater LLC
since 2024
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.0M
+55.2%
Retail stores
$7.7M
+49.1%
Office building
$7.0M
+34.7%
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
$6,750,000
ML approach
$6,750,000
CAP Approach
CAP Return
Estimation
6%
$5,200,000
6.5%
$4,800,000
7%
$4,460,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,165,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,020,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$7,705,000
Change: +49% · Conversion: Moderate
OFFICE BUILDING
$6,955,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,525,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$6.75M
Range $6.08M – $7.43M · ±10% · vs last sale $6.75M (Jan 2 2024)
Last sale anchor
$6.75M
Jan 2 2024
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
$182 / 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
$58,625
Tax year 2023
Assessed value
$3,100,000
Assessed 2023
Previous assessed
$2,917,000
+6.3% YoY
Effective rate
1.89%
On assessed value
Land market value
$613,016
Improvement market value
$2,486,984
Total market value
$3,100,000
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
1977
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
18
Total area
37,062 SF
Lot
2.39 ac (104,078 SF)
APN
04-30-16-70902-100-0204
UPID
US18-4726220
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
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.0M
RETAIL STORES
Est. value
$7.7M
OFFICE BUILDING
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1977
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
18
Lot
2.39 ac
Current owner
From public records · entity-resolved
Wmgsa Bof Clearwater LLC
Entity
Mailing address
4800 N FEDERAL HWY STE 200B, BOCA RATON, FL 33431-3408
Ownership since
2024
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
May 22, 2024
—
Wmgsa Bof Clearwater LLC
—
Deed
related
$3,350,000 · Symetra Life Insurance Co
Jan 2, 2024
$6,750,000
Wmgsa Bof Clearwater LLC
Clearwater 44 LLC
Warranty Deed
—
Nov 12, 2021
$3,750,000
Clearwater 44 LLC
Norrie 14605 49th Street LLC
Special Warranty Deed
—
Nov 10, 2016
—
14605 49th St LLC
—
Deed
related
$2,800,000 · Hancock Bank
May 9, 2005
$2,000,000
Norrie 14605 49th Street LLC
49th Street Land Trust
Warranty Deed
$1,800,000 · 49th Street Land Trust (tr)
Aug 6, 2004
—
49th Street Land Trust
Yegge,gerald J
Warranty Deed
related
—
Jan 31, 1997
$1,060,000
Gerald J Yegge
Morelli,vincent J
Grant Deed
$760,000 · First Union Nat'l Bank Florida
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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