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Property profile & analytics
OFF-MARKET
Estimated value
$24,295,000
Apartment buildings
21227 Us Hwy 19th N Clearwater, FL 33765-2838
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4207720
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
CONCRETE
Total area
216,234 SF
Lot
12.71 ac (553,469 SF)
APN
17-29-16-00000-220-0200
UPID
US18-4207720
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
-
Royal Breeze Apartments Apartment Complex
-
Laura Salud y Belleza Cosmetic Store
-
Prettify llc Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.30M
Blend (final)
Blend
$24.30M
Owner & transaction history
Royal Breeze Apts INC · 18 yrs held
Royal Breeze Apts INC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$38.1M
+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)
$31,000,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$38,070,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$24.30M
Range $21.87M – $26.72M · ±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
$112 / 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
$418,547
Tax year 2023
Assessed value
$24,000,000
Assessed 2023
Previous assessed
$23,850,000
+0.6% YoY
Effective rate
1.74%
On assessed value
Land market value
$4,538,811
Improvement market value
$19,461,189
Total market value
$24,000,000
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
1973
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Units
200
Bathrooms
352
Total area
216,234 SF
Lot
12.71 ac (553,469 SF)
APN
17-29-16-00000-220-0200
UPID
US18-4207720
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
$31.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$38.1M
APARTMENT HOUSE (5+ UNITS) Current
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
1973
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Units
200
Bathrooms
352
Lot
12.71 ac
Current owner
From public records · entity-resolved
Royal Breeze Apts INC
Entity
Mailing address
601 N ASHLEY DR STE #900, TAMPA, FL 33602-4319
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
—
Royal Breeze Apratments INC
—
Deed
related
$83,000,000 · Lm Commerical LLC
Nov 10, 2021
—
Royal Breeze Apartments INC
—
Deed
related
$83,000,000 · Lmf Commericial LLC
May 2, 2019
—
Royal Breeze Apartments INC
—
Deed
related
$3,264,000 · Capital One NA
Jul 12, 2016
—
Royal Breeze Apartments INC
—
Deed
related
$14,100,000 · Capital One Multifamily Fin
Mar 23, 2015
—
Royal Breeze Apartments INC
—
Trustees Deed
related
$11,200,000 · Royal Breeze Apts INC
Jul 1, 2008
$11,625,000
Royal Breeze Apts INC
Royal Breeze Apartments LLC
Grant Deed
—
Nov 8, 2007
$13,850,000
Royal Breeze Apartments LLC
Miles-royal Breeze LLC
Deed Of Trust
$2,428,000 · North Fork Bank
Jun 18, 2003
$7,250,000
Miles-royal Breeze LLC
Landings Of Clearwater LP
Grant Deed
$7,322,000 · Compass Bank
—
—
Royal Breeze Apartments INC
—
Deed Of Trust
related
$3,264,000 · Capital One NA
—
—
Royal Breeze Apartments INC
—
Loan Modification
related
$14,100,000 · Capital One Multifamily Fin
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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