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Property profile & analytics
OFF-MARKET
Estimated value
$5,065,000
Specialty properties
1600 16th St Palm Harbor, FL 34683-3611
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US18-3613337
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
2004
Construction
CONCRETE BLOCKS
Total area
13,839 SF
Lot
8.61 ac (374,851 SF)
APN
01-28-15-13068-000-0020
UPID
US18-3613337
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
-
PIRANHAS SWIM TEAM Swimming Pool Gym & Fitness Center
-
Greater Palm Harbor YMCA Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.07M
Blend (final)
Blend
$5.07M
Owner & transaction history
Ymca Of The Suncoast · 25 yrs held
Ymca Of The Suncoast
since 2001
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.8M
+155.4%
Auto repair, garage
$5.7M
+86.7%
Neighborhood: shopping center
$3.8M
+25.1%
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 Palm Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Harbor 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$3,070,000
Current use
RESTAURANT
$7,840,000
Change: +155% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,730,000
Change: +87% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,840,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$3,055,000
Change: -1% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,045,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$5.07M
Range $4.56M – $5.57M · ±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
$366 / 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
$9,811
Tax year 2023
Assessed value
$4,886,981
Assessed 2023
Previous assessed
$4,449,884
+9.8% YoY
Effective rate
0.20%
On assessed value
Land market value
$1,463,700
Improvement market value
$3,423,281
Total market value
$4,886,981
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
2004
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
11
Total area
13,839 SF
Lot
8.61 ac (374,851 SF)
APN
01-28-15-13068-000-0020
UPID
US18-3613337
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$3.1M
RESTAURANT
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
RETAIL STORES
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$3.0M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
2004
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
11
Lot
8.61 ac
Current owner
From public records · entity-resolved
Ymca Of The Suncoast
Individual
Mailing address
2469 ENTERPRISE RD, CLEARWATER, FL 33763-1702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2001
$400,000
Ymca Of The Suncoast
Pinellas County (fl)
Grant Deed
—
—
—
Ymca Of The Suncoast INC
—
Deed Of Trust
related
$1,192,737 · Amsouth 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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