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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Warehouses
300 Madison Ave Ste 2 Clearwater, FL 33756-5741
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3458738
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
CONCRETE BLOCKS
Total area
8,715 SF
Lot
0.86 ac (37,370 SF)
APN
15-29-15-21672-000-0010
UPID
US18-3458738
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
$1.72M
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.72M
Owner & transaction history
Ed 2 LLC · 2 yrs held
Ed 2 LLC
since 2024
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+65.1%
Apartment house (5+ units)
$1.7M
+58.9%
Neighborhood: shopping center
$1.5M
+39.8%
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 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
$1,715,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,100,000
Current use
RETAIL STORES
$1,810,000
Change: +65% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,745,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,535,000
Change: +40% · Conversion: Moderate
OFFICE BUILDING
$1,480,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±10% · vs last sale $1.71M (Feb 2 2024)
Last sale anchor
$1.71M
Feb 2 2024
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
$197 / 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
$14,285
Tax year 2023
Assessed value
$775,000
Assessed 2023
Previous assessed
$690,000
+12.3% YoY
Effective rate
1.84%
On assessed value
Land market value
$434,430
Improvement market value
$340,570
Total market value
$775,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
7
Total area
8,715 SF
Lot
0.86 ac (37,370 SF)
APN
15-29-15-21672-000-0010
UPID
US18-3458738
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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
7
Lot
0.86 ac
Current owner
From public records · entity-resolved
Ed 2 LLC
Entity
Mailing address
300 S MADISON AVE STE #2, CLEARWATER, FL 33756-5741
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Feb 2, 2024
$1,714,100
Ed 2 LLC
Ezra Development LLC
Warranty Deed
—
May 29, 2015
—
Ezra Dev LLC
Ezra Tal & Anat N
Quit Claim Deed
related
—
Jan 27, 2015
—
Ezra Dev LLC
Hri Madison LLC
Quit Claim Deed
related
—
Jul 12, 2013
—
Hri Madison LLC
Ezra,tal & Nina A
Quit Claim Deed
related
—
Jul 12, 2006
—
Tal Ezra
Ezra,tal & Anat N
Quit Claim Deed
related
—
Apr 28, 2005
$640,000
Tal Ezra
Mary H Turner
Warranty Deed
$512,000 · Colonial 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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