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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Office buildings
16333 Bay Vis Dr Clearwater, FL 33760-3130
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US19-0333471
Property summary
AI-generated overview
This exceptional 24,512-square-foot industrial property, located at 16333 Bay Vista Drive in Clearwater, Florida, presents a compelling value-add investment opportunity. The single-story building, constructed in 1988, sits on a 1.46-acre lot and boasts an 18-foot ceiling height. Currently 100% occupied, the property offers significant upside potential due to below-market lease rates with the existing tenant. Zoned P-1 - Clearwater, this distribution/flex/warehouse space benefits from its prime location in Pinellas County. Enjoy excellent access to major transportation arteries, including US Highway 19 and Interstate 275, as well as proximity to St. Pete-Clearwater International Airport and Tampa International Airport. This strategic location provides effortless connectivity to a substantial population base, reaching 3.7 million people within a 60-minute commute, encompassing Hillsborough, Pinellas, Pasco, and Polk Counties. The asking price is $3,100,000, translating to $126.47 per square foot. This property represents a rare chance to acquire a well-positioned industrial asset with substantial future growth prospects.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Construction
CONCRETE BLOCKS
Total area
23,612 SF
Lot
1.46 ac (63,667 SF)
APN
33-29-16-70380-200-1601
UPID
US19-0333471
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
-
The StratLab: a consumer research and brand strategy consultancy Marketing Agency Marketing Consultant
-
Century Fire Protection Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$2.97M
Owner & transaction history
Gci Bay Vista LLC · 1 yrs held
Gci Bay Vista LLC
since 2025
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.9M
+10.7%
Apartment house (5+ units)
$4.9M
+10.1%
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 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
OFFICE BUILDING
$4,430,000
Current use
RETAIL STORES
$4,910,000
Change: +11% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,880,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±10% · vs last sale $2.45M (Feb 28 2025)
Last sale anchor
$2.45M
Feb 28 2025
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
$126 / 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
$36,442
Tax year 2023
Assessed value
$2,400,000
Assessed 2023
Previous assessed
$1,555,000
+54.3% YoY
Effective rate
1.52%
On assessed value
Land market value
$322,177
Improvement market value
$2,077,823
Total market value
$2,400,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1988
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
7
Total area
23,612 SF
Lot
1.46 ac (63,667 SF)
APN
33-29-16-70380-200-1601
UPID
US19-0333471
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
OFFICE BUILDING Current
Est. value
$4.4M
RETAIL STORES
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
OFFICE BUILDING Current
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
1988
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
7
Lot
1.46 ac
Current owner
From public records · entity-resolved
Gci Bay Vista LLC
Entity
Mailing address
16333 BAY VIS DR, CLEARWATER, FL 33760-3130
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
$2,450,000
Gci Bay Vista LLC
Cfc Properties LLC
Special Warranty Deed
$1,325,000 · Valley National Bank NA
Jul 7, 2017
$1,578,467
Cfc Properties LLC
Jumbo Properties LLC
Warranty Deed
$1,706,000 · Usameribank
Dec 2, 2003
$2,600,000
Jumbo Properties LLC
Florida Avenue LLP
Grant Deed
—
Aug 31, 2001
$1,650,000
Florida Avenue LLP
16333 Bay Vista LP
Grant Deed
—
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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