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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Strip malls
25000 Us Hwy 19th N Clearwater, FL 33763-3918
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2677415
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1981
Construction
CONCRETE BLOCKS
Total area
7,844 SF
Lot
1.37 ac (59,560 SF)
APN
31-28-16-00000-440-0300
UPID
US18-2677415
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
-
Little India Restaurant Restaurant
-
Kate Florida Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.39M
Owner & transaction history
Hmc Sedk Xxiii LLC · 5 yrs held
Hmc Sedk Xxiii LLC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+30.5%
Retail stores
$1.6M
+18.1%
Apartment house (5+ units)
$1.6M
+17.4%
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
$1,425,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,800,000
6.5%
$1,660,000
7%
$1,540,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,380,000
Current use
OFFICE BUILDING
$1,800,000
Change: +30% · Conversion: Moderate
RETAIL STORES
$1,630,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,620,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,600,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.18M (Apr 1 2021)
Last sale anchor
$1.18M
Apr 1 2021
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
$177 / 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
$20,818
Tax year 2023
Assessed value
$1,080,000
Assessed 2023
Previous assessed
$1,000,000
+8.0% YoY
Effective rate
1.93%
On assessed value
Land market value
$510,699
Improvement market value
$569,301
Total market value
$1,080,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1981
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
12
Total area
7,844 SF
Lot
1.37 ac (59,560 SF)
APN
31-28-16-00000-440-0300
UPID
US18-2677415
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1981
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
12
Lot
1.37 ac
Current owner
From public records · entity-resolved
Hmc Sedk Xxiii LLC
Entity
Mailing address
3005 STATE RD 590TH STE #200, CLEARWATER, FL 33759-2539
Ownership since
2021
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
Apr 1, 2021
$1,175,000
Hmc Sedk Xxiii LLC
25000 Us Highway 19 N LLC
Warranty Deed
—
Feb 10, 2020
$1,075,000
25000 Us Highway 19 N LLC
Alden Land Trust
Warranty Deed
—
Dec 20, 2012
—
Alden Land Trust
Gasner,paul
Warranty Deed
—
Nov 29, 2012
$720,000
Paul A Gasner
Us 19 Group LLC
Grant Deed
—
May 18, 2007
$1,800,000
Us 19 Group LLC
Mankamana INC
Warranty Deed
$1,440,000 · Cornerstone Community Bank
Nov 15, 2001
—
Mankamana INC
Girodano,michael
Quit Claim Deed
related
—
Oct 16, 2001
$1,050,000
Mankamana INC
Pps Interest
Grant Deed
—
—
—
Mankamana INC
—
Deed Of Trust
related
$115,000 · Paragon Mortgage
—
—
Mankamana INC
—
Deed Of Trust
related
$440,000 · Zions First National Bank
—
—
Naresh Sharma
—
Deed Of Trust
related
$108,500 · K&p Partners LP
—
—
Mankamana INC
—
Deed Of Trust
related
$550,000 · Zions First National Bank
—
—
Mankamana INC
—
Deed Of Trust
related
$1,150,000 · Community Bank Of Florida
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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