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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Retail space
240 Cswy Blvd, Dunedin, FL 34698-1703
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0889529
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
CONCRETE BLOCKS
Total area
3,240 SF
Lot
0.34 ac (14,998 SF)
APN
15-28-15-23166-008-0004
UPID
US18-0889529
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
-
Dunedin 50 Floor and Installation General Contractor Renovation Specialist
-
Barracuda Bob's Island Surf & Sports (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
240 Causeway LLC · 1 yrs held
240 Causeway LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+182.5%
Auto repair, garage
$1.3M
+87.7%
Neighborhood: shopping center
$900,000
+25.8%
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 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
$1,450,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,020,000
Change: +182% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,340,000
Change: +88% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$900,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Jul 18 2024)
Last sale anchor
$1.45M
Jul 18 2024
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
$448 / 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
$8,588
Tax year 2023
Assessed value
$490,000
Assessed 2023
Previous assessed
$465,000
+5.4% YoY
Effective rate
1.75%
On assessed value
Land market value
$266,784
Improvement market value
$223,216
Total market value
$490,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
3,240 SF
Lot
0.34 ac (14,998 SF)
APN
15-28-15-23166-008-0004
UPID
US18-0889529
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
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$900,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1975
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
240 Causeway LLC
Entity
Mailing address
6610 SEAFAIRER DR, TAMPA, FL 33615-2591
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
$1,450,000
240 Causeway LLC
Triple B Investments LLC
Special Warranty Deed
$1,150,000 · Harvest Smalt Business Finance LLC
Feb 23, 2015
$569,000
Triple B Investments LLC
Gail G Ferenc
Warranty Deed
$600,000 · American Momentum Bank
Oct 3, 2002
$290,000
Gail G Ferenc
M G G H Corp
Grant Deed
$230,000 · William R & Georgiana S Neiding
Jul 29, 2002
$200,000
Mggh Corp
Scheffer,jules
Grant Deed
$160,000 · First Citrus Bank
—
—
Jules Scheffer
—
Deed Of Trust
related
$64,822 · Bank Of America
—
—
George Ferenc
—
Deed Of Trust
related
$35,000 · Coast Bank Of Florida
—
—
Scheffer Studio INC
—
Deed Of Trust
related
$50,000 · Bank Of America
—
—
Gail Ferenc
—
Deed Of Trust
related
$251,000 · Housing Finance Corp Florida
—
—
George J Ferenc
—
Deed Of Trust
related
$23,932 · First Bank
—
—
Gail G Ferenc
—
Deed Of Trust
related
$13,000 · Suntrust Bank NA
—
—
Gail G Ferenc
—
Loan Modification
related
$237,059 · Wells Fargo Bk
—
—
Gail G Ferenc
—
Deed Of Trust
related
$10,000 · Suntrust Bank NA
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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