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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office buildings
2121 Coachman Rd Clearwater, FL 33765-2617
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2501324
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
CONCRETE BLOCKS
Total area
3,220 SF
Lot
0.31 ac (13,399 SF)
APN
12-29-15-59184-000-0011
UPID
US18-2501324
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
-
The Turner Insurance Advisor Group aka Turner Insurance Insurance Agency
-
Brackenhamer Lisa Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$476k
Blend (final)
Blend
$590k
Owner & transaction history
Will Holdings II LLC · 1 yrs held
Will Holdings II LLC
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$670,000
+9.9%
Warehouse, storage
$645,000
+5.9%
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
OFFICE BUILDING
$610,000
Current use
RETAIL STORES
$670,000
Change: +10% · Conversion: Moderate
WAREHOUSE, STORAGE
$645,000
Change: +6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $700k (Mar 10 2025)
Last sale anchor
$700k
Mar 10 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
$183 / 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
$6,199
Tax year 2023
Assessed value
$325,000
Assessed 2023
Previous assessed
$291,000
+11.7% YoY
Effective rate
1.91%
On assessed value
Land market value
$84,543
Improvement market value
$240,457
Total market value
$325,000
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
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
4
Total area
3,220 SF
Lot
0.31 ac (13,399 SF)
APN
12-29-15-59184-000-0011
UPID
US18-2501324
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
$610,000
RETAIL STORES
Est. value
$670,000
WAREHOUSE, STORAGE
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$565,000
OFFICE BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.31 ac
Current owner
From public records · entity-resolved
Will Holdings II LLC
Entity
Mailing address
2121 NE COACHMAN RD, CLEARWATER, FL 33765-2617
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
Will Holdings II LLC
—
Deed
related
$584,000 · Laurel Capital Corporation
Jun 10, 2025
$700,000
Will Holdings II LLC
The Turner Insurance Advisor Group
Warranty Deed
—
Feb 2, 1999
$200,000
Sandbergen Insurance INC
Coachman Road Center Associate
Grant Deed
$150,000 · Amsouth Bank Florida
—
—
Sanbergen Insurance INC
—
Deed Of Trust
related
$216,623 · Nationsbank
—
—
Sandbergen Insurance INC
—
Deed Of Trust
related
$250,000 · Insurbanc
—
—
Sandbergen Insurance INC
—
Deed Of Trust
related
$352,670 · Bank Of America
—
—
Sandbergen Insurance INC
—
Deed Of Trust
related
$241,778 · Bank Of America
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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