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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Strip malls
1616 Gulf To Bay Blvd Clearwater, FL 33755-6477
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0321714
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1952
Construction
CONCRETE BLOCKS
Total area
4,884 SF
Lot
0.3 ac (13,007 SF)
APN
14-29-15-49716-000-0060
UPID
US18-0321714
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
-
Justice Technology Corp (Bike/Boat/Book/etc) Store Corporate Office
-
The Garden Of Tea Restaurant Cafe & Coffee Shop
-
Built By Metz Renovation Specialist General Contractor
-
Sterilizer Repairs Production Facility
-
J&J's Pro Adjusting Team Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
1616 Gulf To Bay LLC · 2 yrs held
1616 Gulf To Bay LLC
since 2023
Last sale
$952,400
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+18.1%
Warehouse, storage
$995,000
+15.7%
Office building
$870,000
+1.4%
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
$740,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$860,000
Current use
RETAIL STORES
$1,015,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$995,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $952k (Aug 2 2023)
Last sale anchor
$952k
Aug 2 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
$188 / 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
$6,843
Tax year 2023
Assessed value
$355,000
Assessed 2023
Previous assessed
$335,000
+6.0% YoY
Effective rate
1.93%
On assessed value
Land market value
$171,613
Improvement market value
$183,387
Total market value
$355,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1952
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
13
Total area
4,884 SF
Lot
0.3 ac (13,007 SF)
APN
14-29-15-49716-000-0060
UPID
US18-0321714
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$860,000
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$995,000
OFFICE BUILDING
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1952
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
13
Lot
0.3 ac
Current owner
From public records · entity-resolved
1616 Gulf To Bay LLC
Entity
Mailing address
4922 73RD AVE N, PINELLAS PARK, FL 33781-4442
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
—
1616 Gulf To Bay LLC
—
Deed
related
$243,200 · United States Small Business Admin
Aug 2, 2023
$952,400
1616 Gulf To Bay LLC
Major Appliance Retailers LLC
Warranty Deed
$828,000 · Harvest Small Business Finance LLC
Feb 25, 2020
$380,000
Major Appliance Retailers LLC
Jason A Paul
Grant Deed
$229,200 · Achieva Cu
Jun 13, 2019
$175,100
Paul,jason A Living Trust
Re Metz Properties LLC Coc
Trustees Deed
related
—
Aug 13, 2003
$225,000
R E Metz Properties LLC
Remprop INC
Grant Deed
—
—
—
R E Metz Properties LLC
—
Deed Of Trust
related
$200,000 · Paul Jason A Living Trust
—
—
R E Metz Properties LLC
—
Deed Of Trust
related
$150,000 · Premier Community 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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