New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Office buildings
180 Patricia Ave, Dunedin, FL 34698-8103
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3595682
Property summary
AI-generated overview
This 8,020-square-foot, single-story office building presents a compelling investment opportunity in the thriving city of Dunedin, Florida. Located at 180 Patricia Ave, this property offers a versatile space suitable for both medical and traditional office uses. Built in 1972 and renovated in 1977, the building sits on a 0.77-acre lot and features two units. The FX-M zoning allows for a range of business applications. With 30 parking spaces, ample room is available for staff and clients. The property benefits from excellent visibility, situated on Patricia Ave, which boasts an annual average daily traffic count of 12,600 vehicles. This prime location offers easy access to Dunedin's vibrant business environment, attractive parks, and numerous shops. The asking price is $1,650,000. The Pinellas County property features a total of 8,020 square feet of net rentable space and is currently vacant, providing immediate occupancy for the new owner. The property's APN is 35-28-15-38088-000-0086 and the zip code is 34698.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1972
Construction
CONCRETE BLOCKS
Total area
8,020 SF
Lot
0.77 ac (33,729 SF)
APN
35-28-15-38088-000-0086
UPID
US18-3595682
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
-
MPM Primary Care - Dunedin Primary Care Medical Clinic
-
Dr. Ana B. Charles, MD Pediatrician Physician
-
Dani Mathew, MD Pediatrician Physician
-
Grover Pamela MD Pediatrician Physician
-
Kiley Fisher Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.25M
Owner & transaction history
Vallum & Stone Properties LLC · 1 yrs held
Vallum & Stone Properties LLC
since 2025
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+22.0%
Warehouse, storage
$1.8M
+21.6%
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 Dunedin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dunedin 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
$1,415,000
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
$1,450,000
Current use
RETAIL STORES
$1,770,000
Change: +22% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,765,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.30M (Dec 7 2023)
Last sale anchor
$1.30M
Dec 7 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
$156 / 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
$13,535
Tax year 2023
Assessed value
$780,000
Assessed 2023
Previous assessed
$700,000
+11.4% YoY
Effective rate
1.74%
On assessed value
Land market value
$266,373
Improvement market value
$513,627
Total market value
$780,000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1972
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
5
Total area
8,020 SF
Lot
0.77 ac (33,729 SF)
APN
35-28-15-38088-000-0086
UPID
US18-3595682
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
$1.5M
RETAIL STORES
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING Current
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
1972
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.77 ac
Current owner
From public records · entity-resolved
Vallum & Stone Properties LLC
Entity
Mailing address
5327 COMMERCIAL WAY UNIT C113, SPRING HILL, FL 34606-1420
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
$1,425,000
Vallum & Stone Properties LLC
180 Patricia Avenue LLC
Warranty Deed
$1,068,750 · Flagship Community Bank
Dec 7, 2023
$1,300,000
180 Patricia Avenue LLC
Haley Properties LLC
Warranty Deed
—
Jan 16, 2009
—
Haley Properties LLC
Haley Carol S Living Trust
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 180 Patricia Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
