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Property profile & analytics
FOR SALE
Warehouses
1555 Sunshine Dr Clearwater, FL 33765
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-4880190
For Sale
1 / 87
$4,150,000
1555 Sunshine Dr, Clearwater, FL 33765
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,520 SF
Lot
1.29 ac (56,188 SF)
APN
01-29-15-16488-000-0152
UPID
US18-4880190
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
-
Stratford Corporation Corporate Office Business Park
-
Icwc Industrial Manufacturer Production Facility
-
Southern Container Corporation of Florida Big Box & Wholesale Store Shipping Company
-
Absolute Appeal Detailing Inc. Car Wash
-
International Ceiling & Wall Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$3.26M
Owner & transaction history
Sunshine Business Center LLC · 21 yrs held
Sunshine Business Center LLC
since 2004
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.3M
+3.8%
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
WAREHOUSE, STORAGE
$4,110,000
Current use
RETAIL STORES
$4,265,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$3,880,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,615,000
Change: -12% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,385,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$3.26M
Range $2.93M – $3.59M · ±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
$159 / 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
$21,817
Tax year 2023
Assessed value
$1,160,000
Assessed 2023
Previous assessed
$1,030,000
+12.6% YoY
Effective rate
1.88%
On assessed value
Land market value
$329,097
Improvement market value
$830,903
Total market value
$1,160,000
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
For Sale
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
20,520 SF
Lot
1.29 ac (56,188 SF)
APN
01-29-15-16488-000-0152
UPID
US18-4880190
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
$4.1M
RETAIL STORES
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Sunshine Business Center LLC
Entity
Mailing address
1555 SUNSHINE DR, CLEARWATER, FL 33765-1315
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2020
—
George R Nowak
—
Deed
related
$2,130,000 · First Citrus Bk
Sep 9, 2020
—
George R Nowak
—
Deed
related
$2,144,544 · Mcintyre Funding I LLC
Nov 16, 2018
—
Sunshine Business Center LLC
—
Loan Modification
related
$1,855,676 · Mcintyre Funding I LLC
Sep 15, 2004
—
Sunshine Business Center LLC
Nowak,george & Theresa C
Warranty Deed
$862,000 · Shenandoah Life Insurance Co
—
—
Sunshine Business Center LLC
—
Deed Of Trust
related
$965,000 · First Citrus Bank
—
—
Sunshine Business Center LLC
—
Deed Of Trust
related
$935,000 · First Citrus Bank
—
—
Sunshine Business Center LLC
—
Loan Modification
related
—
—
—
George R Nowak
—
Deed Of Trust
related
$199,000 · Carl Conrad Estate
—
—
George R Nowak
—
Deed Of Trust
related
$180,000 · Paul F Kalat
—
—
George R Nowak
—
Loan Modification
related
$2,130,000 · First Citrus Bk
—
—
George R Nowak
—
Loan Modification
related
$2,144,544 · Mcintyre Funding I LLC
—
—
George Nowak
—
Deed Of Trust
related
$405,000 · Interior Environmental Systems
—
—
Sunshine Busines Center LLC
—
Deed Of Trust
related
$1,883,947 · First Citrus 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.
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