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Property profile & analytics
OFF-MARKET
Estimated value
$14,805,000
Warehouses
1850 Hercules Ave Clearwater, FL 33765-1117
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-1405267
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Construction
FRAME
Total area
47,750 SF
Lot
3.73 ac (162,427 SF)
APN
01-29-15-70164-300-1500
UPID
US18-1405267
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.80M
Blend (final)
Blend
$14.81M
Owner & transaction history
Jkeys Industrial LLC · 5 yrs held
Jkeys Industrial LLC
since 2020
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$24.5M
+155.8%
Retail stores
$9.9M
+3.8%
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
WAREHOUSE, STORAGE
$9,565,000
Current use
RESTAURANT
$24,470,000
Change: +156% · Conversion: Difficult
RETAIL STORES
$9,925,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$9,030,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$14.81M
Range $13.32M – $16.29M · ±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
$310 / 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
$115,998
Tax year 2023
Assessed value
$6,260,000
Assessed 2023
Previous assessed
$5,400,000
+15.9% YoY
Effective rate
1.85%
On assessed value
Land market value
$1,397,106
Improvement market value
$4,862,894
Total market value
$6,260,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
12
Total area
47,750 SF
Lot
3.73 ac (162,427 SF)
APN
01-29-15-70164-300-1500
UPID
US18-1405267
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
WAREHOUSE, STORAGE Current
Est. value
$9.6M
RESTAURANT
Est. value
$24.5M
RETAIL STORES
Est. value
$9.9M
OFFICE BUILDING
Est. value
$9.0M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
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
1977
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
12
Lot
3.73 ac
Current owner
From public records · entity-resolved
Jkeys Industrial LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2020
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
Dec 22, 2020
—
Jkeys Industrial LLC
James L Keys
Quit Claim Deed
related
—
May 21, 2018
$52,500
Rose M Lemos
Parkes Investments LLC
Grant Deed
—
Sep 18, 2015
$1,600,000
Bh Clearwater LLC
Istar Bowling Centers II LP
Special Warranty Deed
$3,000,000 · Florida Community Bank NA
Mar 11, 2004
$766,100
Star Bowling Centers LP II
Amf Bowling Centers INC
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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