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Property profile & analytics
OFF-MARKET
Estimated value
$11,010,000
Day care centers
2045 Palmetto St Clearwater, FL 33765-2118
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3544526
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2014
Construction
CONCRETE BLOCKS
Total area
19,982 SF
Lot
4.63 ac (201,692 SF)
APN
12-29-15-70182-400-0700
UPID
US18-3544526
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
-
Plato Academy Clearwater High School
-
Christopoulos Hall Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.99M
Blend (final)
Blend
$11.01M
Owner & transaction history
Plato Holdings LLC · 1 yrs held
Plato Holdings LLC
since 2025
Last sale
$13.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.7M
+76.6%
Restaurant
$10.2M
+54.1%
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
$11,055,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$6,645,000
Current use
AUTO REPAIR, GARAGE
$11,740,000
Change: +77% · Conversion: Difficult
RESTAURANT
$10,240,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$11.01M
Range $9.91M – $12.11M · ±10% · vs last sale $13.28M (Jan 8 2025)
Last sale anchor
$13.28M
Jan 8 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
$551 / 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
Assessed value
$9,494,320
Assessed 2023
Previous assessed
$9,032,923
+5.1% YoY
Land market value
$787,100
Improvement market value
$8,707,220
Total market value
$9,494,320
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2014
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
4
Stories
2
Bathrooms
19
Total area
19,982 SF
Lot
4.63 ac (201,692 SF)
APN
12-29-15-70182-400-0700
UPID
US18-3544526
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$11.7M
RESTAURANT
Est. value
$10.2M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
AUTO REPAIR, GARAGE
RESTAURANT
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
2014
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Bathrooms
19
Lot
4.63 ac
Current owner
From public records · entity-resolved
Plato Holdings LLC
Entity
Mailing address
2045 PALMETTO ST, CLEARWATER, FL 33765-2118
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
Plato Holdings LLC
Plato Academy Schools Corporation
Deed
related
—
Sep 9, 2022
—
Plato Academy Schools Corporation
—
Deed
related
$31,700,000 · Axos Bank
Jul 22, 2022
$13,277,100
Plato Academy Schools Corporation
Pametto Street LLC
Warranty Deed
$13,750,000 · Eb 5 Charter School Redeployment Fu
Apr 2, 2014
—
Palmeto Street LLC
Trust No 2045p
Warranty Deed
related
—
Feb 27, 2013
—
Trust 2045p
Faith Fam Outreach Ch Of Clearwat
Warranty Deed
$460,000 · Pnc Bank
Jun 30, 2011
—
Faith Fam Outreach Ch Of Clearwat
Everlasting Bread Of Life INC
Quit Claim Deed
related
—
—
—
Faith Family Outreach Church
—
Deed Of Trust
related
$50,000 · Mercantile Bank
—
—
Faith Family Outreach Church
—
Deed Of Trust
related
$100,000 · Peoples Bank & Trust
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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