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Property profile & analytics
OFF-MARKET
Strip malls
2551 Drew St Clearwater, FL 33765-2839
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3917198
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
CONCRETE BLOCKS
Total area
32,042 SF
Lot
4.2 ac (182,800 SF)
APN
18-29-16-13141-000-0210
UPID
US18-3917198
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
-
2 Acorns (Bike/Boat/Book/etc) Store Corporate Office
-
Physicians Wellness Medical Clinic
-
Filipino Warrior Arts Training Center Sports School
-
Mazas Management LLC Property Management Company
-
Aldo's New York Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lantower Clearwater Tampa LP · 4 yrs held
Lantower Clearwater Tampa LP
since 2022
Last sale
$17.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$75,177
Tax year 2023
Assessed value
$3,900,000
Assessed 2023
Previous assessed
$2,345,000
+66.3% YoY
Effective rate
1.93%
On assessed value
Land market value
$1,990,887
Improvement market value
$1,909,113
Total market value
$3,900,000
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
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
17
Total area
32,042 SF
Lot
4.2 ac (182,800 SF)
APN
18-29-16-13141-000-0210
UPID
US18-3917198
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
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
17
Lot
4.2 ac
Current owner
From public records · entity-resolved
Lantower Clearwater Tampa LP
Entity
Mailing address
2218 BRYAN ST STE #400, DALLAS, TX 75201-2633
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2022
$17,100,000
Lantower Clearwater Tampa LP
Euro Amer Investments Of Pinellas L
Warranty Deed
—
Apr 14, 2022
$363,000
Euro Amer Investments Of Pinellas L
Euro American Investments LLC
Warranty Deed
—
Aug 15, 2019
—
Euro-american Invs O F Pinella
—
Loan Modification
related
$4,337,356 · Branch Bk&tr
Jan 18, 2000
$3,800,000
Euroamerican Investments INC
Birdsong Trust
Grant Deed
$2,600,000 · Premier Community Bank Florida
—
—
Euro-american Investments LLC
—
Deed Of Trust
related
$8,900,000 · Branch Bk&tr
—
—
Euro-american Investments LLC
—
Deed Of Trust
related
$3,800,000 · Branch Bk&tr
—
—
Euro-american Investments LLC
—
Loan Modification
related
$3,800,000 · Branch Bk&tr
—
—
Euro-american Investments INC
—
Deed Of Trust
related
$250,000 · Premier Community Bank 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.
Try Rey
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