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Property profile & analytics
FOR LEASE
Office buildings
2701 Gulf Blvd Indian Rocks Beach, FL 33785
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-1903696
For Lease
1 / 2
$27 SF/Yr
2701 Gulf Blvd, Indian Rocks Beach, FL 33785
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Construction
CONCRETE BLOCKS
Total area
2,343 SF
Lot
0.33 ac (14,388 SF)
APN
01-30-14-42030-002-0050
UPID
US18-1903696
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$844k
Blend (final)
Blend
$845k
Owner & transaction history
Riverbend Dev LLC · 9 yrs held
Riverbend Dev LLC
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$970,000
+72.7%
Neighborhood: shopping center
$650,000
+15.8%
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 Indian Rocks Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indian Rocks Beach 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
$560,000
Current use
AUTO REPAIR, GARAGE
$970,000
Change: +73% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$515,000
Change: -8% · Conversion: Moderate
WAREHOUSE, STORAGE
$515,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$361 / 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
$12,289
Tax year 2023
Assessed value
$705,000
Assessed 2023
Previous assessed
$673,200
+4.7% YoY
Effective rate
1.74%
On assessed value
Land market value
$549,938
Improvement market value
$155,062
Total market value
$705,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Status
For Lease
Year built
1947
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Bathrooms
2
Total area
2,343 SF
Lot
0.33 ac (14,388 SF)
APN
01-30-14-42030-002-0050
UPID
US18-1903696
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
$560,000
AUTO REPAIR, GARAGE
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$650,000
RETAIL STORES
Est. value
$515,000
WAREHOUSE, STORAGE
Est. value
$515,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1947
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Riverbend Dev LLC
Entity
Mailing address
360 WASHINGTON ST, STOUGHTON, MA 02072-1760
Ownership since
2016
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
Aug 16, 2016
$467,500
Riverbend Dev LLC
Gulfview Partners LLC
Warranty Deed
—
Apr 24, 2012
$335,000
Gulfview Partners LLC
Wells Fargo Bk NA
Warranty Deed
—
Sep 13, 2011
$12,200
Fargo Bk NA Wells
Sand Key Realty Sale & Coc
Trustees Deed
related
—
May 30, 2000
$389,000
Key Realty Sale Sand
Knight,mitchell H
Grant Deed
$310,800 · First Union National Bank
—
—
Key Realty Sales Sand
—
Deed Of Trust
related
$400,000 · Wachovia Bank NA
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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