Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,210,000
Office buildings
2650 Mccormick Dr Clearwater, FL 33759-1005
Individually Owned
Free & Clear
Property ID
US18-1757208
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1989
Construction
CONCRETE BLOCKS
Total area
72,991 SF
Lot
7.97 ac (347,330 SF)
APN
32-28-16-73099-000-0020
UPID
US18-1757208
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
-
ACA Insurance Services LLC Insurance Agency
-
YourMedicare Insurance Agency
-
AmeriLife Marketing Group, LLC Insurance Agency
-
AmeriLife Corporate Office
-
Shear Robert L Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.21M
Blend (final)
Blend
$13.21M
Owner & transaction history
Dst Reva
Dst Reva
since 2026
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
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
OFFICE BUILDING
$16,950,000
Current use
RETAIL STORES
$15,175,000
Change: -10% · Conversion: Moderate
WAREHOUSE, STORAGE
$14,870,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$13.21M
Range $11.89M – $14.53M · ±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
$181 / 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
$142,045
Tax year 2023
Assessed value
$7,700,000
Assessed 2023
Previous assessed
$7,150,000
+7.7% YoY
Effective rate
1.84%
On assessed value
Land market value
$1,062,669
Improvement market value
$6,637,331
Total market value
$7,700,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1989
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
3
Bathrooms
22
Total area
72,991 SF
Lot
7.97 ac (347,330 SF)
APN
32-28-16-73099-000-0020
UPID
US18-1757208
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 Current
Est. value
$17.0M
RETAIL STORES
Est. value
$15.2M
WAREHOUSE, STORAGE
Est. value
$14.9M
OFFICE BUILDING Current
RETAIL STORES
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
1989
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Bathrooms
22
Lot
7.97 ac
Current owner
From public records · entity-resolved
Dst Reva
Individual
Free & Clear · 0 yrs held
Mailing address
1401 NW SHR BLVD, TAMPA, FL 33607-4509
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2026
$100
Dst Reva
Reva 2600 Mccormick LLC
Deed
—
Jul 28, 2025
$16,000,000
Reva 2600 Mccormick LLC
Skye Lane Properties LLC
Special Warranty Deed
—
Jun 1, 2016
—
Skye Lane Properties LLC
—
Deed
related
$12,700,000 · First Fl Integrity Bk
May 31, 2013
—
Skye Lane Properties LLC
Heritage Ins Holdings LLC
Grant Deed
$5,000,000 · Bank Of Tampa
Apr 4, 2013
$9,200,000
Heritage Ins Holdings LLC
2600 & 2650 Mccormick Drive Ho
Grant Deed
related
—
Feb 3, 2010
—
2600 Ho
Acp Prestige Owners LLC
Grant Deed
related
—
Jun 29, 2006
$18,100,000
Acp/prestige Owners LLC
The St Joe Co
Special Warranty Deed
$15,200,000 · Greenwich Capital Financial Product
Dec 29, 1999
$12,500,000
St Joe Co
Prestige Realty Holding Co INC
Grant Deed
—
—
—
Skye Lane Properties LLC
—
Loan Modification
related
$12,700,000 · First Fl Integrity Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2650 Mccormick Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
