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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Residential income homes
1629 Gulf Rd Tarpon Springs, FL 34689-2718
Individually Owned
3-yr Hold
Property ID
US18-2726948
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1980
Construction
CONCRETE BLOCKS
Total area
3,664 SF
Lot
0.46 ac (20,051 SF)
APN
15-27-15-34758-000-0130
UPID
US18-2726948
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
-
Hope Enterprises of America Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$765k
Owner & transaction history
Michelle A Bradley · 3 yrs held
Michelle A Bradley
since 2023
Last sale
$940,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+55.1%
Office building
$850,000
+29.8%
Warehouse, storage
$805,000
+22.9%
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
$860,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$520,000
7%
$480,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$655,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,015,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$850,000
Change: +30% · Conversion: Moderate
WAREHOUSE, STORAGE
$805,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$750,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$595,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $940k (Apr 6 2023)
Last sale anchor
$940k
Apr 6 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
$209 / 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
$8,233
Tax year 2023
Assessed value
$552,264
Assessed 2023
Previous assessed
$445,509
+24.0% YoY
Effective rate
1.49%
On assessed value
Land market value
$178,431
Improvement market value
$373,833
Total market value
$552,264
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1980
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
4
Total area
3,664 SF
Lot
0.46 ac (20,051 SF)
APN
15-27-15-34758-000-0130
UPID
US18-2726948
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$655,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
OFFICE BUILDING
Est. value
$850,000
WAREHOUSE, STORAGE
Est. value
$805,000
RETAIL STORES
Est. value
$750,000
COMMERCIAL (GENERAL)
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (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
1980
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
Michelle A Bradley
Individual
Mailing address
5049 SOUTHSHORE DR, NEW PORT RICHEY, FL 34652-3063
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
$940,000
Michelle A Bradley
Alexander M Casatelli
Warranty Deed
$700,000 · City National Bank Of Florida
Aug 28, 2014
—
Mary L Casatelli
Mary L Casatelli
Intrafamily Transfer
related
$166,650 · Jpmorgan Chase Bank NA
Jun 26, 2013
—
Casatelli,mary L Trust
Casatelli,mary L
Quit Claim Deed
related
—
Dec 31, 1998
$177,000
Alex Casatelli
Fogarty,kenneth A & Gina
Grant Deed
$115,000 · Seller
—
—
Alexander E Casatelli
—
Deed Of Trust
related
$146,650 · Buccaneer Mortgage INC
—
—
Alex Casatelli
—
Deed Of Trust
related
$40,000 · Suntrust Bank NA
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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