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Property profile & analytics
OFF-MARKET
Estimated value
$19,880,000
Hotels
21338 Us Hwy 19th N Clearwater, FL 33765-2828
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-3591825
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1971
Construction
CONCRETE BLOCKS
Total area
24,768 SF
Lot
3.86 ac (167,946 SF)
APN
18-29-16-00000-110-0600
UPID
US18-3591825
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
-
La Quinta Inn by Wyndham Clearwater Central Hotel & Motel
-
weeky washee Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.88M
Blend (final)
Blend
$19.88M
Owner & transaction history
Clem Hospitality LLC · 11 yrs held
Clem Hospitality LLC
since 2014
7 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
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
HOTEL/MOTEL
$26,885,000
Current use
Blend value · Realmo final
$19.88M
Range $17.89M – $21.87M · ±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
$803 / 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
$126,259
Tax year 2023
Assessed value
$6,550,000
Assessed 2023
Previous assessed
$6,200,000
+5.6% YoY
Effective rate
1.93%
On assessed value
Land market value
$969,602
Improvement market value
$5,580,398
Total market value
$6,550,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1971
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Buildings
5
Stories
2
Units
45
Bathrooms
156
Total area
24,768 SF
Lot
3.86 ac (167,946 SF)
APN
18-29-16-00000-110-0600
UPID
US18-3591825
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
HOTEL/MOTEL Current
Est. value
$26.9M
HOTEL/MOTEL Current
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
1971
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
5
Units
45
Bathrooms
156
Lot
3.86 ac
Current owner
From public records · entity-resolved
Clem Hospitality LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2958 KENILWICK DR N, CLEARWATER, FL 33761-3314
Ownership since
2014
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
Nov 13, 2014
$5,700,000
Clem Hospitality LLC
Fidelity Group Of Clearwater LLC
Warranty Deed
—
Jun 27, 2007
$9,000,000
Fidelity Group Of Clearwater LLC
Clem Hospitality LLC
Warranty Deed
$7,200,000 · Clem Hospitality LLC
Nov 27, 2002
$533,400
C L E M Hospitality LLC
Eckerd College INC
Grant Deed
—
Nov 27, 2002
$1,070,771
C L E M Hospitality LLC
Welch,robbie A
Grant Deed
—
Nov 27, 2002
$1,071,414
C L E M Hospitality LLC
Hanna,edward M
Grant Deed
—
Nov 27, 2002
$536,829
C L E M Hospitality LLC
Sitton,donna
Grant Deed
—
—
—
Jefferson Bk Of Fl
—
Deed Of Trust
related
$1,897,386 · Clem Hospitality LLC
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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