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Property profile & analytics
OFF-MARKET
Estimated value
$20,755,000
Apartment buildings
200 Starcrest Dr Clearwater, FL 33765-3810
Individually Owned
29-yr Hold
Free & Clear
Property ID
US18-6035242
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
170,332 SF
Lot
8.24 ac (358,812 SF)
APN
13-29-15-00000-110-1200
UPID
US18-6035242
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
-
Car Sales Car Dealership
-
Travel Ventures International - TVI Express Travel Agency
-
Apostilla Tampa Latina Traducciones Translator Notary Public
-
Lightyear Wireless - Terry C. Ratliff, Ind Rep Mobile Phone Store Electronics & Wireless Store
-
Lake Starcrest Village Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.75M
Blend (final)
Blend
$20.76M
Owner & transaction history
Hunterwood Assoc Ltd Ptnr|starcrest Village Apt Lt · 29 yrs held
Hunterwood Assoc Ltd Ptnr|starcrest Village Apt Lt
since 1996
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$34.1M
+39.7%
Office building
$32.2M
+31.9%
Neighborhood: shopping center
$30.0M
+22.8%
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
APARTMENT HOUSE (5+ UNITS)
$24,420,000
Current use
WAREHOUSE, STORAGE
$34,125,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$32,220,000
Change: +32% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$29,990,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$20.76M
Range $18.68M – $22.83M · ±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
$122 / 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
$395,162
Tax year 2023
Assessed value
$20,500,000
Assessed 2023
Previous assessed
$19,500,000
+5.1% YoY
Effective rate
1.93%
On assessed value
Land market value
$2,564,644
Improvement market value
$17,935,356
Total market value
$20,500,000
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
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
248
Bathrooms
288
Total area
170,332 SF
Lot
8.24 ac (358,812 SF)
APN
13-29-15-00000-110-1200
UPID
US18-6035242
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
$24.4M
WAREHOUSE, STORAGE
Est. value
$34.1M
OFFICE BUILDING
Est. value
$32.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.0M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Units
248
Bathrooms
288
Lot
8.24 ac
Current owner
From public records · entity-resolved
Hunterwood Assoc Ltd Ptnr|starcrest Village Apt Lt
Individual
Free & Clear · 29 yrs held
Mailing address
1391 SAWGRASS CORPORATE PKWY, SUNRISE, FL 33323-2889
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 1996
$7,350,000
Hunterwood Assoc Ltd Ptnr|starcrest Village Apt Lt
Lake Starcrest Village Apt Ltd
Warranty Deed
related
—
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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