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Property profile & analytics
OFF-MARKET
Estimated value
$5,085,000
Retail space
2598 Bayshore Blvd Dunedin, FL 34698-2003
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5086573
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
CONCRETE BLOCKS
Total area
15,740 SF
Lot
1.64 ac (71,634 SF)
APN
15-28-15-23166-006-0100
UPID
US18-5086573
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Blue Rhino Propane Exchange Propane Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.66M
Blend (final)
Blend
$5.09M
Owner & transaction history
Warner Industrial LLC · 3 yrs held
Warner Industrial LLC
since 2023
Last sale
$6.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.5M
+87.7%
Apartment house (5+ units)
$5.8M
+66.2%
Neighborhood: shopping center
$4.4M
+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
$5,100,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,475,000
Current use
AUTO REPAIR, GARAGE
$6,520,000
Change: +88% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,775,000
Change: +66% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,370,000
Change: +26% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,460,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$5.09M
Range $4.58M – $5.59M · ±10% · vs last sale $6.85M (Jun 1 2023)
Last sale anchor
$6.85M
Jun 1 2023
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
$323 / 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
$54,943
Tax year 2023
Assessed value
$3,135,000
Assessed 2023
Previous assessed
$3,100,000
+1.1% YoY
Effective rate
1.75%
On assessed value
Land market value
$1,280,765
Improvement market value
$1,854,235
Total market value
$3,135,000
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
1998
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
4
Total area
15,740 SF
Lot
1.64 ac (71,634 SF)
APN
15-28-15-23166-006-0100
UPID
US18-5086573
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
RETAIL STORES Current
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$3.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.64 ac
Current owner
From public records · entity-resolved
Warner Industrial LLC
Entity
Free & Clear · 3 yrs held
Mailing address
16412 ARDSLEY CIR, HUNTINGTON BEACH, CA 92649-2113
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
$6,847,000
Warner Industrial LLC
Cp Thunder Fs LLC
Special Warranty Deed
—
Sep 6, 2022
—
Walgreen Co
Cp Thunder Fs LLC
Lease
—
Sep 6, 2022
$6,267,500
Cp Thunder Fs LLC
Walgreen Co
Special Warranty Deed
$241,500,000 · Wells Fargo Bank NA
Jan 23, 1998
$100,000
First Union National Bank
Olympia Development Group INC
Grant Deed
related
—
Jun 23, 1997
$1,100,000
Olympia Development Group INC
Woodray INC
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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