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Property profile & analytics
OFF-MARKET
Estimated value
$63,225,000
Apartment buildings
2770 Roosevelt Blvd Clearwater, FL 33760-2509
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3991186
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
CONCRETE BLOCKS
Total area
306,056 SF
Lot
21 ac (914,551 SF)
APN
32-29-16-70362-200-1500
UPID
US18-3991186
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
-
Everything just clicked Photography Service Party Supply Store
-
Anthem Clearwater Apartment Complex Apartment Building
-
Loving It Home Care Agency LLC dba Daily Life Support Services Home Health Care Service
-
All Animal Photography Photography Service (Bike/Boat/Book/etc) Store
-
Mentific Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$58.12M
Comparable Approach
Comparable
$68.13M
Blend (final)
Blend
$63.23M
Owner & transaction history
Woodland Key Borrower LLC · 6 yrs held
Woodland Key Borrower LLC
since 2020
Last sale
$55.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$99.4M
+57.2%
Retail stores
$63.6M
+0.6%
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
$73,475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$62,955,000
6.5%
$58,115,000
7%
$53,960,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$63,270,000
Current use
WAREHOUSE, STORAGE
$99,445,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$63,625,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$57,455,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$63.23M
Range $56.90M – $69.55M · ±10% · vs last sale $55.75M (Jul 20 2020)
Last sale anchor
$55.75M
Jul 20 2020
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
$207 / 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
$1,007,021
Tax year 2023
Assessed value
$53,250,000
Assessed 2023
Previous assessed
$53,250,000
+0.0% YoY
Effective rate
1.89%
On assessed value
Land market value
$13,856,728
Improvement market value
$39,393,272
Total market value
$53,250,000
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
2
Stories
2
Units
416
Bathrooms
426
Total area
306,056 SF
Lot
21 ac (914,551 SF)
APN
32-29-16-70362-200-1500
UPID
US18-3991186
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$63.3M
WAREHOUSE, STORAGE
Est. value
$99.4M
RETAIL STORES
Est. value
$63.6M
OFFICE BUILDING
Est. value
$57.5M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1975
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
416
Bathrooms
426
Lot
21 ac
Current owner
From public records · entity-resolved
Woodland Key Borrower LLC
Entity
Mailing address
461 5TH AVE FL #16, NEW YORK, NY 10017-7718
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2020
$55,750,000
Woodland Key Borrower LLC
Roosevelt Blvd Apts LLC
Grant Deed
$38,781,000 · Cbre Cap Markets
Aug 2, 2017
—
Roosevelt Boulevard Apartments
—
Deed
related
$20,000,000 · Td Bk NA
Jul 25, 2017
—
Roosevelt Boulevard Apartments
—
Deed
related
$17,100,000 · Mutual/omaha Bk
Jul 24, 2014
$18,000,000
Roosevelt Boulevard Apartments LLC
Bay Pointe Apartments Of Clearwater
Special Warranty Deed
—
Sep 21, 2005
$20,250,000
Bay Pointe Apartments Of Clearwater
Tampa Bay Briarwood Associates
Special Warranty Deed
$17,212,500 · Colonial Bank NA
—
—
Bay Pointe Apartments Of Clearwat
—
Deed Of Trust
related
$1,821,000 · Colonial Bank
—
—
Roosevelt Boulevard Apartments
—
Loan Modification
related
$17,100,000 · Mutual/omaha 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.
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