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Property profile & analytics
OFF-MARKET
Estimated value
$36,700,000
Apartment buildings
2545 Coachman Rd Clearwater, FL 33765-1874
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5153513
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD FRAME
Total area
211,328 SF
Lot
17.27 ac (752,329 SF)
APN
07-29-16-00000-110-0500
UPID
US18-5153513
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
-
Town Place Apartments Apartment Complex Apartment Building
-
Canchitas de tennia Apartment Building
-
Awaken Your Life Holistic Healing and Massage Life Coach Massage Therapist
-
ThomsonPro Cleaning Carpet Cleaning Service
-
Sandoval Consulting, LLC Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$36.70M
Blend (final)
Blend
$36.70M
Owner & transaction history
Wrd Town Place LLC · 13 yrs held
Wrd Town Place LLC
since 2013
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$43.9M
+45.0%
Warehouse, storage
$42.3M
+39.7%
Office building
$40.0M
+31.9%
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)
$30,295,000
Current use
RETAIL STORES
$43,935,000
Change: +45% · Conversion: Difficult
WAREHOUSE, STORAGE
$42,335,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$39,975,000
Change: +32% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$37,205,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$36.70M
Range $33.03M – $40.37M · ±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
$174 / 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
$595,521
Tax year 2023
Assessed value
$36,250,000
Assessed 2023
Previous assessed
$36,250,000
+0.0% YoY
Effective rate
1.64%
On assessed value
Land market value
$6,963,538
Improvement market value
$29,286,462
Total market value
$36,250,000
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
1984
Construction
WOOD FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
240
Bathrooms
338
Total area
211,328 SF
Lot
17.27 ac (752,329 SF)
APN
07-29-16-00000-110-0500
UPID
US18-5153513
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
$30.3M
RETAIL STORES
Est. value
$43.9M
WAREHOUSE, STORAGE
Est. value
$42.3M
OFFICE BUILDING
Est. value
$40.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$37.2M
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
1984
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
240
Bathrooms
338
Lot
17.27 ac
Current owner
From public records · entity-resolved
Wrd Town Place LLC
Entity
Mailing address
136 COULTER AVE, ARDMORE, PA 19003-2313
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2013
$15,850,000
Wrd Town Place LLC
Lvf Town Place Apartments LLC
Grant Deed
$12,240,000 · Berkadia Commercial Mortgage
Oct 26, 2006
$19,241,600
Lvf Town Place Apartments LLC
Decade Companies Income Props
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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