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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Apartment buildings
2230 Nursery Rd Clearwater, FL 33764-2892
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-6217722
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
CONCRETE BLOCKS
Total area
9,940 SF
Lot
5.12 ac (223,119 SF)
APN
19-29-16-70272-300-1000
UPID
US18-6217722
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
-
Glen oaks park Park
-
Manny's Pro Painting LLC Painting Service Establishment
-
None Apartment Building
-
Arbors at Belleair Apartment Complex
-
Prima Sandra Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.22M
Owner & transaction history
Arbors At Belleair Apartments LLC · 2 yrs held
Arbors At Belleair Apartments LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.1M
+21.9%
Warehouse, storage
$2.0M
+19.4%
Office building
$1.9M
+10.1%
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
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)
$1,695,000
Current use
RETAIL STORES
$2,065,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,025,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,865,000
Change: +10% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,750,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±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
$223 / 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
$171,558
Tax year 2023
Assessed value
$8,900,000
Assessed 2023
Previous assessed
$8,900,000
+0.0% YoY
Effective rate
1.93%
On assessed value
Land market value
$1,381,121
Improvement market value
$7,518,879
Total market value
$8,900,000
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
1968
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
7
Stories
2
Units
12
Bathrooms
124
Total area
9,940 SF
Lot
5.12 ac (223,119 SF)
APN
19-29-16-70272-300-1000
UPID
US18-6217722
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
$1.7M
RETAIL STORES
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1968
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
7
Units
12
Bathrooms
124
Lot
5.12 ac
Current owner
From public records · entity-resolved
Arbors At Belleair Apartments LLC
Entity
Mailing address
16201 SONSOLES DE AVILA, TAMPA, FL 33613-1052
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2024
—
Arbors At Belleair Apartments LLC
Rifai Properties LLC
Special Warranty Deed
—
Jan 3, 2023
—
Florida Business Development Corpor
Trevorbo Marketing INC
Assignment Of Lease (leasehold Sale)
—
Oct 5, 2012
$6,600,000
Rifai Properties LLC
West Coast Holdings LLC
Grant Deed
$6,000,000 · Usameribank
Aug 16, 2007
$6,900,000
West Coast Holdings LLC
Financial Warehouse INC
Warranty Deed
$5,350,000 · Intervest National Bank
Apr 30, 2007
—
Financial Warehouse INC
—
Trustees Deed
related
$175,000 · Fairview Commercial Lending
Nov 15, 2004
—
Financial Warehouse Group
—
Deed Of Trust
related
$7,000,000 · Dale Ayers
Oct 20, 2004
—
Financial Warehouse Group
Metco Real Estate & Ins INC
Quit Claim Deed
related
$7,000,000 · Dale Ayers
Sep 22, 2004
$1,000
Financial Warehouse Group
Metco Dev Corp Of Metz & White
Quit Claim Deed
related
—
—
—
Financial Warehouse INC
—
Deed Of Trust
related
$3,700,000 · Fairview Com'l Lending INC
—
—
Financial Warehouse INC
—
Deed Of Trust
related
$5,000,000 · Compass Bank
—
—
Financial Warehouse INC
—
Deed Of Trust
related
$400,000 · Fairview Com'l Lending INC
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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