Back to Search
Property profile & analytics
OFF-MARKET
Apartment buildings
2690 Drew St Clearwater, FL 33759-3127
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2256771
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
CONCRETE BLOCKS
Total area
34,844 SF
Lot
19.89 ac (866,557 SF)
APN
08-29-16-00000-330-0100
UPID
US18-2256771
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
-
EL RINCON MARACUCHO Restaurant
-
JS CARS Auto Repair Shop
-
Garagem Do Açaí U.S.A (Bike/Boat/Book/etc) Store Take-out & Catering
-
Alfredo Clearwater Towing Auto Repair Shop
-
The Standard at 2690 Apartments Apartment Complex
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
The Standard LLC · 5 yrs held
The Standard LLC
since 2020
Last sale
$57.6M
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
$970,557
Tax year 2023
Assessed value
$50,350,000
Assessed 2023
Previous assessed
$50,350,000
+0.0% YoY
Effective rate
1.93%
On assessed value
Land market value
$13,464,063
Improvement market value
$36,885,937
Total market value
$50,350,000
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
1975
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
13
Stories
2
Units
40
Bathrooms
734
Total area
34,844 SF
Lot
19.89 ac (866,557 SF)
APN
08-29-16-00000-330-0100
UPID
US18-2256771
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
1975
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
13
Units
40
Bathrooms
734
Lot
19.89 ac
Current owner
From public records · entity-resolved
The Standard LLC
Entity
Mailing address
9520 HARDING AVE STE #1, SURFSIDE, FL 33154-2513
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2020
$57,575,000
The Standard LLC
Madison Place Clearwater LLC
Special Warranty Deed
—
Sep 4, 2018
—
Madison Place Clearwater LLC
—
Deed
related
$42,047,000 · Berkadia Com'l Mtg
Apr 1, 2016
$35,600,000
Madison Place Clearwater LLC
Rh Macarthur Park LLC
Grant Deed
$17,200,000 · Capital One Multifamily Fin
Apr 11, 2013
—
Rh Macarthur Park LLC
Imt Cap Macarthur Park Apartme
Grant Deed
related
—
Aug 6, 2010
$16,710,800
Imt Capital Macarthur Park Apartmen
Imt-lb Central Florida Portfolio Ll
Special Warranty Deed
$23,000,000 · Federal Home Loan Mortgage Corp
Nov 8, 2004
—
Savannah Trace Apartment Kings
City National Bank Of Flo
Grant Deed
related
—
Nov 8, 2004
$22,610,000
Imt-lb Ctrl Florida Portfolio
Kings Savannah Trace Apartment
Deed Of Trust
related
$13,317,982 · Lehman Capital Corp
May 5, 2003
—
City National Bank Of Florida
Lewis Realk Estate LP
Quit Claim Deed
related
—
—
—
Rh Macarthur Park LLC
—
Deed Of Trust
related
$8,254,000 · Capital One Multifamily Fin
—
—
Madison Place Clearwater LLC
—
Deed Of Trust
related
$42,047,000 · Berkadia Com'l Mtg
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 2690 Drew St?
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.
