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Property profile & analytics
OFF-MARKET
Estimated value
$12,795,000
Warehouses
2611 Seville Blvd Clearwater, FL 33764-1136
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2900091
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
105,074 SF
Lot
1.13 ac (49,140 SF)
APN
17-29-16-00000-330-0200
UPID
US18-2900091
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
-
Value Store It Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Bricks And Minifigs Clearwater (Bike/Boat/Book/etc) Store Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.80M
Owner & transaction history
Value Store It Seville LLC · 3 yrs held
Value Store It Seville LLC
since 2022
Last sale
$12.6M
5 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
Method
Estimation
Statistic approach
$13,565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,535,000
6.5%
$12,490,000
7%
$11,600,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,725,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,500,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$17,920,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$12.80M
Range $11.52M – $14.07M · ±10% · vs last sale $12.56M (Dec 8 2022)
Last sale anchor
$12.56M
Dec 8 2022
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
$122 / 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
$266,012
Tax year 2023
Assessed value
$13,800,000
Assessed 2023
Previous assessed
$378,480
+3,546.2% YoY
Effective rate
1.93%
On assessed value
Land market value
$531,119
Improvement market value
$13,268,881
Total market value
$13,800,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
YES
Cooling
AC.PACKAGE
Stories
7
Bathrooms
1
Total area
105,074 SF
Lot
1.13 ac (49,140 SF)
APN
17-29-16-00000-330-0200
UPID
US18-2900091
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
OFFICE BUILDING
Est. value
$19.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.9M
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
2022
Heating
YES
Cooling
Yes
Stories
7
Bathrooms
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Value Store It Seville LLC
Entity
Mailing address
3201 W COMMERCIAL BLVD STE #218, FORT LAUDERDALE, FL 33309-3466
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2022
$12,562,500
Value Store It Seville LLC
Hlssiii Clearwater LLC
Special Warranty Deed
$200,000,000 · Barclays Bank Plc
Dec 23, 2019
$1,600,000
Hlssiii Clearwater LLC
Rk Seville Km LLC
Warranty Deed
—
Dec 23, 2019
$400,000
Rk Seville Km LLC
Bdg Properties LLC
Warranty Deed
—
Oct 1, 2003
$330,000
Bdg Properties LLC
Durbal INC
Grant Deed
—
—
—
Bdg Properties LLC
—
Deed Of Trust
related
$145,000 · Bdg Architects LLP
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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