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Property profile & analytics
FOR LEASE
Office buildings
2196 Main St, Dunedin, FL 34698
Trust Owned
5-yr Hold
Free & Clear
Property ID
US18-4242919
For Lease
1 / 2
$3,620/Mo
2196 Main St, Dunedin, FL 34698
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
CONCRETE BLOCKS
Total area
20,652 SF
Lot
1.09 ac (47,302 SF)
APN
25-28-15-70146-100-3100
UPID
US18-4242919
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
-
Deborah Lynn Beauty & Wellness Hair Salon
-
True Concept Title Company Title Company
-
Quantum Practice Management, Inc. Medical Billing Service
-
Enhanced Body Spa & Massage Center Alternative Medicine Practice
-
Shields Compounding Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$2.80M
Owner & transaction history
Rojas Family Trust LLC · 5 yrs held
Rojas Family Trust LLC
since 2020
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.6M
+22.0%
Warehouse, storage
$4.5M
+21.6%
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 Dunedin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dunedin 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
$3,500,000
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
$3,735,000
Current use
RETAIL STORES
$4,555,000
Change: +22% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,540,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$2.80M
Range $2.52M – $3.07M · ±10% · vs last sale $2.35M (Aug 31 2020)
Last sale anchor
$2.35M
Aug 31 2020
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
$135 / 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
$43,525
Tax year 2023
Assessed value
$2,500,000
Assessed 2023
Previous assessed
$2,250,000
+11.1% YoY
Effective rate
1.74%
On assessed value
Land market value
$823,251
Improvement market value
$1,676,749
Total market value
$2,500,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
8
Total area
20,652 SF
Lot
1.09 ac (47,302 SF)
APN
25-28-15-70146-100-3100
UPID
US18-4242919
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
$3.7M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.5M
OFFICE BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
8
Lot
1.09 ac
Current owner
From public records · entity-resolved
Rojas Family Trust LLC
Trust
Free & Clear · 5 yrs held
Mailing address
2120 DREW ST, CLEARWATER, FL 33765-3214
Ownership since
2020
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
Jul 27, 2023
—
The Rojas Family Trust LLC
—
Deed
related
$230,000 · Lake Michigan Cu
Aug 31, 2020
—
Rojas Family Trust LLC
Rojas Family Trust
Quit Claim Deed
—
Mar 23, 2020
$2,350,000
Rojas Family Trust
Dedi Real Estate INC
Warranty Deed
—
May 15, 2017
—
Dedi Real Estate INC
—
Deed
related
$1,050,000 · Wells Fargo Bk
Dec 23, 2016
—
Dedi Real Estate INC
—
Deed
related
$1,050,000 · Wells Fargo Bk
Dec 3, 2007
$2,250,000
Dedi Real Estate INC
Coll Sein Enterprises INC
Corporation Deed
$1,462,000 · Wachovia Bank NA
Oct 1, 1998
$1,360,600
Coll-sein Enterprises INC
Terra Belcher INC
Grant Deed
$820,000 · Southtrust Bank NA
Oct 3, 1997
$75,000
Master Key Storage Of Dunedin
Terra Belcher INC
Grant Deed
—
—
—
Dedi Real Estate INC
—
Loan Modification
related
$1,050,000 · Wells Fargo Bk
—
—
Dedi Real Estate INC
—
Loan Modification
related
$1,050,000 · Wells Fargo Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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