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Property profile & analytics
OFF-MARKET
Estimated value
$5,800,000
Apartment buildings
1875 Sunset Pt Rd Clearwater, FL 33765-1022
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0375397
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
CONCRETE BLOCKS
Total area
4,732 SF
Lot
4.75 ac (207,041 SF)
APN
01-29-15-70164-300-0600
UPID
US18-0375397
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
-
Southron Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.80M
Owner & transaction history
Southron Apartments LLC · 2 yrs held
Southron Apartments LLC
since 2024
Last sale
$5.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,800,000
ML approach
$5,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.80M
Range $5.22M – $6.38M · ±10% · vs last sale $5.80M (Apr 11 2024)
Last sale anchor
$5.80M
Apr 11 2024
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
$1,226 / 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
$102,164
Tax year 2023
Assessed value
$5,300,000
Assessed 2023
Previous assessed
$5,300,000
+0.0% YoY
Effective rate
1.93%
On assessed value
Land market value
$1,019,892
Improvement market value
$4,280,108
Total market value
$5,300,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Units
6
Bathrooms
119
Total area
4,732 SF
Lot
4.75 ac (207,041 SF)
APN
01-29-15-70164-300-0600
UPID
US18-0375397
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
Building & site characteristics
From public records
Year built
1971
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Units
6
Bathrooms
119
Lot
4.75 ac
Current owner
From public records · entity-resolved
Southron Apartments LLC
Entity
Mailing address
1845 SUNSET PT RD, CLEARWATER, FL 33765-1006
Ownership since
2024
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 11, 2024
—
Southron Apartments LLC
Roseanne Chiaramonte
Quit Claim Deed
related
—
Feb 13, 2024
—
Roseanne M Chiaramonte
Roseanne M Chiaramonte
Intrafamily Transfer
related
—
Aug 26, 2022
—
Southron Apartments LLC
—
Deed
related
$2,500,000 · South State Bank NA
Mar 14, 2006
$5,800,000
Southron Apartments LLC
Chorney,gregory I & Luba
Warranty Deed
$3,435,949 · Intervest National Bank
Jan 31, 2005
$4,416,000
Gregory I Chorney
Turner Family Ptshp Ltd LLP
Warranty Deed
$3,530,000 · Intervest National Bank
—
—
Southron Apartments LLC
—
Deed Of Trust
related
$3,530,000 · Intervest National Bank
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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