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Property profile & analytics
OFF-MARKET
Estimated value
$4,555,000
Warehouses
150 Douglas Ave Dunedin, FL 34698-7908
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4689938
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,160 SF
Lot
1.72 ac (74,971 SF)
APN
34-28-15-00000-340-0100
UPID
US18-4689938
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
-
Pelican Bay Ltd Food Processing Plant Factory
-
Skin Kitten (Bike/Boat/Book/etc) Store Cosmetic Store
-
Honeyskin Cosmetic Store Beauty School
-
Private Label Beauty and Wellness Production Facility
-
Brands Network Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.78M
Comparable Approach
Comparable
$5.02M
Blend (final)
Blend
$4.56M
Owner & transaction history
Paloma Azul LLC · 2 yrs held
Paloma Azul LLC
since 2023
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.4M
+0.3%
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 Dunedin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dunedin 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
$5,700,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,095,000
6.5%
$3,780,000
7%
$3,510,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,415,000
Current use
RETAIL STORES
$6,435,000
Change: +0% · Conversion: Moderate
OFFICE BUILDING
$5,275,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$4.56M
Range $4.10M – $5.01M · ±10% · vs last sale $3.90M (Nov 14 2023)
Last sale anchor
$3.90M
Nov 14 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
$156 / 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
$36,804
Tax year 2023
Assessed value
$2,100,000
Assessed 2023
Previous assessed
$2,100,000
+0.0% YoY
Effective rate
1.75%
On assessed value
Land market value
$670,997
Improvement market value
$1,429,003
Total market value
$2,100,000
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
4
Total area
29,160 SF
Lot
1.72 ac (74,971 SF)
APN
34-28-15-00000-340-0100
UPID
US18-4689938
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
$6.4M
RETAIL STORES
Est. value
$6.4M
OFFICE BUILDING
Est. value
$5.3M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
1.72 ac
Current owner
From public records · entity-resolved
Paloma Azul LLC
Entity
Mailing address
7901 4TH ST N STE #300, SAINT PETERSBURG, FL 33702-4399
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
$3,900,000
Paloma Azul LLC
Property Investments LLC
Warranty Deed
$2,350,000 · First Citizens Bank & Trust Co
Nov 14, 2023
—
Paloma Azul LLC
—
Deed
related
$1,880,000 · First Citizens Bank & Trust Co
Jan 5, 2021
—
Bridgeview Property Investments LLC
—
Deed
related
$1,000,000 · Regions Bank
Jul 9, 2020
$2,225,000
Bridgeview Property Investments LLC
Sc Recipes LLC
Warranty Deed
$1,780,000 · Regions Bank
Apr 27, 2020
$1,792,000
Sc Recipes LLC
Pelican Bay Ltd INC
Warranty Deed
—
May 29, 2019
—
Pelican Bay Ltd INC
—
Deed
related
$600,000 · Magnolia Financial INC
Aug 29, 2018
—
Pelican Bay Ltd INC
—
Deed
related
$392,572 · Fifth Third Bk
May 9, 2013
—
Pelican Bay Ltd INC
—
Deed Of Trust
related
$1,321,800 · Fifth Third Bank
Jan 28, 2010
—
Pelican Bay Ltd INC
—
Deed Of Trust
related
$1,420,000 · Wachovia Bank NA
Mar 27, 2001
$630,000
Pelican Bay Ltd INC
Scottys INC
Grant Deed
$975,000 · First Union National Bank
—
—
Pelican Bay Ltd INC
—
Deed Of Trust
related
$600,000 · Magnolia Financial INC
—
—
Pelican Bay Ltd INC
—
Deed Of Trust
related
$392,572 · Fifth Third Bk
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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