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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Apartment buildings
2909 Gulf To Bay Blvd Clearwater, FL 33759-4258
Entity Owned
17-yr Hold
Free & Clear
Property ID
US18-3934125
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Construction
CONCRETE BLOCKS
Total area
3,286 SF
Lot
13.62 ac (593,466 SF)
APN
17-29-16-12312-000-0060
UPID
US18-3934125
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
-
Grande Bay Apartments Apartment Building Apartment Rental Agency
-
Private Beginning Guitar Lessons Training Center Tutoring Service
-
The Lice Terminators, LLC Home Health Care Service
-
ShopDealz.com Association Or Organization
-
Edge Global Innovation Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$735k
Owner & transaction history
Rrr Grande Bay V LLC · 17 yrs held
Rrr Grande Bay V LLC
since 2009
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$765,000
+49.3%
Retail stores
$685,000
+33.7%
Warehouse, storage
$670,000
+31.0%
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
APARTMENT HOUSE (5+ UNITS)
$510,000
Current use
OFFICE BUILDING
$765,000
Change: +49% · Conversion: Moderate
RETAIL STORES
$685,000
Change: +34% · Conversion: Difficult
WAREHOUSE, STORAGE
$670,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$580,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$224 / 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
$414,438
Tax year 2023
Assessed value
$24,200,000
Assessed 2023
Previous assessed
$23,000,000
+5.2% YoY
Effective rate
1.71%
On assessed value
Land market value
$5,026,111
Improvement market value
$19,173,889
Total market value
$24,200,000
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
1970
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
18
Stories
2
Units
201
Bathrooms
230
Total area
3,286 SF
Lot
13.62 ac (593,466 SF)
APN
17-29-16-12312-000-0060
UPID
US18-3934125
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
$510,000
OFFICE BUILDING
Est. value
$765,000
RETAIL STORES
Est. value
$685,000
WAREHOUSE, STORAGE
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$580,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
18
Units
201
Bathrooms
230
Lot
13.62 ac
Current owner
From public records · entity-resolved
Rrr Grande Bay V LLC
Entity
Free & Clear · 17 yrs held
Mailing address
4832 RICHMOND RD STE #200, CLEVELAND, OH 44128-5993
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2009
—
Rrr Grande Bay V LLC
Rrr Grande Bay LLC
Quit Claim Deed
—
Feb 13, 2009
—
Rrr Grande Bay IV LLC
Rrr Grande Bay LLC
Quit Claim Deed
—
Oct 20, 2008
—
Rrr Grande Bay III LLC
Rrr Grande Bay LLC
Quit Claim Deed
—
Oct 15, 2008
—
Rrr Grande Bay II LLC
Rrr Grande Bay LLC
Quit Claim Deed
—
Dec 29, 2006
—
Rrr Grande Bay LLC
Grande Bay Apartments
Quit Claim Deed
$7,800,000 · Miscellaneous Ins Co
—
—
Wbr Grande Bay LLC
—
Loan Modification
related
$8,000,000 · Miscellaneous Ins Co
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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