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    Property profile & analytics

    2481 Coachman Rd Clearwater, FL 33765-1721

    • Apartment buildings
    • 175,583 SF
    • 16.83 lot acres
    OFF-MARKET
    Last Sale
    May 08, 2023
    Value Estimations
    $32,900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8423775
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • MedVisor / Medical Billing Service
    • Tennis Pro Strokes / Association / Organization
    • Biomagnetic Pair / Alternative Medicine Practice
    • Man Vs Dirt Cleaning Services / Commercial Cleaning Service / Pressure Washing Service
    • Avana Coachman / Real Estate Agency

    Property Details for 2481 Coachman Rd

    Year built
    1985
    Construction
    WOOD
    Lot size
    16.83 lot acres
    Property size
    175,583 SF
    Property type
    Apartment buildings
    APN
    07-29-16-00000-130-0100
    APU
    72916000001300100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $32,901,000
      Market price range: $18.5M - $35.7M
      AI Estimate
      $32,901,000
      Market price range: $18.5M - $35.7M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $25,170,000
      Current use
      RETAIL STORES
      $36,500,000
      Change: +45% Conversion: Difficult
      WAREHOUSE, STORAGE
      $35,175,000
      Change: +40% Conversion: Difficult
      OFFICE BUILDING
      $33,210,000
      Change: +32% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $30,915,000
      Change: +23% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7352
    Latitude
    27.9783
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $626,477
    $0.00
    $0.00
    $32,500,000
    -
    $12,287,775
    $20,212,225
    $32,500,000

    Comparable in this City

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      10,828 SF

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      APARTMENT HOUSE (5+ UNITS) • 10,828 SF
      25 Belcher Rd, Clearwater, FL 33765-3245
      View Details
    • Value Estimation
      $2,805,000
      26,648 SF

      15 Fernwood Ave

      APARTMENT HOUSE (5+ UNITS) • 26,648 SF
      15 Fernwood Ave, Clearwater, FL 33765-3342
      View Details
    • Value Estimation
      $780,000
      7,409 SF

      311 Fernwood Ave

      APARTMENT HOUSE (5+ UNITS) • 7,409 SF
      311 Fernwood Ave, Clearwater, FL 33765-4211
      View Details
    • Value Estimation by Request
      29,832 SF

      2550 Stag Run Blvd

      APARTMENT HOUSE (5+ UNITS) • 29,832 SF
      2550 Stag Run Blvd, Clearwater, FL 33765-1861
      View Details
    • Value Estimation
      $770,000
      7,330 SF

      300 Gunn Ave

      APARTMENT HOUSE (5+ UNITS) • 7,330 SF
      300 Gunn Ave, Clearwater, FL 33765-3730
      View Details
    • Value Estimation
      $5,800,000
      4,732 SF

      1875 Sunset Pt Rd

      APARTMENT HOUSE (5+ UNITS) • 4,732 SF
      1875 Sunset Pt Rd, Clearwater, FL 33765-1022
      View Details

    Similar Nearby for Sale

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      Pending

      Clearwater Multifamily Income Property

      Income-producing multifamily property in Clearwater's Skycrest area with strong rental potential.
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      Clearwater Income Generating Multi-Family Property

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      10,990 SF

      Prime Clearwater School Property

      10,990 SF, 1.29 Acres, Vacant
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    • $3,500,000
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      Clearwater Self-Storage and Industrial Opportunity

      Cash-flowing self-storage facility with potential for increased revenue.
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      5,930 SF

      Office Building For Sale

      Office building with flexible space and existing tenant.
      2139 NE Coachman Rd, Clearwater, FL 33765
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    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

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      Retail space available in Clearwater's busy shopping destination.
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    • $17 SF/Yr
      10,990 SF

      Clearwater Institutional Property

      Prime 10,990 SF Daycare/School Complex
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    • $10 SF/Yr
      5,188 SF

      Freestanding Building Near Gulf to Bay

      Freestanding building with versatile floor plan and natural light.
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      267,819 SF

      Sunset Point Retail Center

      Clearwater, FL: Prime Retail Space Available
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      View Details
    • Contact for pricing

      Clearwater Retail Space For Lease

      Retail spaces available in Clearwater's busy intersection.
      23666 Us Highway 19 N, Clearwater, FL 33765
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    • Contact for pricing
      3,200 SF

      Retail Space Near Clearwater Beach

      Retail space with high visibility near major retailers.
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      View Details
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    Clearwater, FL 33765-1721
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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