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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Warehouses
150 Rainville Rd Tarpon Springs, FL 34689-6930
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0502238
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
FRAME
Total area
6,000 SF
Lot
0.94 ac (41,112 SF)
APN
01-27-15-89136-000-0521
UPID
US19-0502238
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
-
Freedom Boat Club - Greater Tampa Bay Marine Service Center Boat Club
-
Another Day in Paradise Annex Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.39M
Owner & transaction history
Freedom Marine Sales LLC · 4 yrs held
Freedom Marine Sales LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+26.2%
Office building
$1.4M
+5.6%
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 Tarpon Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tarpon Springs 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
$1,695,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,320,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,665,000
Change: +26% · Conversion: Moderate
OFFICE BUILDING
$1,395,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$1,225,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,075,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.50M (May 10 2022)
Last sale anchor
$1.50M
May 10 2022
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
$232 / 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
$12,195
Tax year 2023
Assessed value
$650,000
Assessed 2023
Previous assessed
$580,000
+12.1% YoY
Effective rate
1.88%
On assessed value
Land market value
$285,348
Improvement market value
$364,652
Total market value
$650,000
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
1986
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
1
Total area
6,000 SF
Lot
0.94 ac (41,112 SF)
APN
01-27-15-89136-000-0521
UPID
US19-0502238
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
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1986
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Freedom Marine Sales LLC
Entity
Free & Clear · 4 yrs held
Mailing address
897 E VENICE AVE, VENICE, FL 34285-7060
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 10, 2022
$1,500,000
Freedom Marine Sales LLC
Fbc Hq LLC
Warranty Deed
—
May 14, 2018
$600,000
Fbc Hq LLC
Eco & INC
Grant Deed
—
Oct 2, 2007
$700,000
Eco & INC
Boesch,kenneth W JR
Warranty Deed
$350,000 · Kenneth W JR Boesch
Sep 27, 2006
—
Kenneth W Boesch JR.
Key Ent Network INC
Quit Claim Deed
related
—
Apr 3, 2006
$620,000
Key Ent Network INC
K & Sons Auto Service INC
Warranty Deed
—
Jan 6, 1997
$30,000
K & Sons Auto Service INC
Kovalchick,andrew & Dora
Grant Deed
—
—
—
Eco & INC
—
Deed Of Trust
related
$352,187 · Kenneth W JR Boesch
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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