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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Apartment buildings
24 Fredrica Ave Clearwater, FL 33756-7018
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-1400722
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
CONCRETE BLOCKS
Total area
9,328 SF
Lot
0.34 ac (14,911 SF)
APN
15-29-15-12276-004-0080
UPID
US18-1400722
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.36M
Owner & transaction history
Hastings USA LLC · 9 yrs held
Hastings USA LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+3.9%
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
APARTMENT HOUSE (5+ UNITS)
$1,865,000
Current use
RETAIL STORES
$1,940,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,640,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$1,580,000
Change: -15% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,540,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$146 / 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
$17,291
Tax year 2023
Assessed value
$955,000
Assessed 2023
Previous assessed
$950,000
+0.5% YoY
Effective rate
1.81%
On assessed value
Land market value
$205,418
Improvement market value
$749,582
Total market value
$955,000
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 BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
14
Bathrooms
14
Total area
9,328 SF
Lot
0.34 ac (14,911 SF)
APN
15-29-15-12276-004-0080
UPID
US18-1400722
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
$1.9M
RETAIL STORES
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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 BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Units
14
Bathrooms
14
Lot
0.34 ac
Current owner
From public records · entity-resolved
Hastings USA LLC
Entity
Mailing address
1990 LK AVE SE, LARGO, FL 33771-3720
Ownership since
2016
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
Sep 12, 2016
$790,000
Hastings USA LLC
Rpd Properties-casa Fredrica L
Warranty Deed
—
Jul 8, 2013
$580,000
Rpd Props Casa Fredrica Lllp
Bayou Partners LLC
Grant Deed
$380,000 · Bayou Partners LLC
Mar 28, 2012
$341,000
Bayou Partners LLC
Casa Fredrica Apartments - 100
Grant Deed
—
Jan 12, 2012
$340,000
Casa Fredrica Apartments-10050
Haruda,fred D Coc
Trustees Deed
related
—
Apr 11, 2007
$950,000
Haruda F D Trust
Bradshaw,jeffrey T
Warranty Deed
—
Dec 14, 2004
—
Fyp Ents INC
Virnstein Realty INC
Quit Claim Deed
related
—
Jan 14, 2004
$525,000
Jeffrey T Bradshaw
Fyp Enterprises INC
Grant Deed
$420,000 · Abn Amro Mortgage Group INC
Oct 13, 2000
$427,142
Fyp Enterprises INC
Barrett,martin P
Grant Deed
$342,400 · Abn Amro Mortgage Group INC
Apr 9, 1998
$378,000
Martin P Barrett Trustee
Homsi,tanios
Grant Deed
$300,000 · Seller
—
—
Jeffrey T Bradshaw
—
Deed Of Trust
related
$630,000 · Washington Mutual Fsb
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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