Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Manufacturing properties
305 Bear Rdg Cir Palm Harbor, FL 34683-5484
Entity Owned
~
Est. High Equity
Property ID
US18-1423976
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2002
Construction
FRAME
Total area
15,150 SF
Lot
0.85 ac (37,048 SF)
APN
11-28-15-09988-000-0050
UPID
US18-1423976
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
-
Global DSR Production Facility
-
Flatworks, Inc. Construction Company
-
unlimited autoworks Auto Repair Shop
-
Land & Sea Interiors Furniture & Home Goods
-
solar force Utilities Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.27M
Owner & transaction history
Ph305 LLC
Ph305 LLC
since 2026
Last sale
$990,000
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 Palm Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Harbor 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%
$1,850,000
6.5%
$1,710,000
7%
$1,585,000
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $990k (Apr 13 2020)
Last sale anchor
$990k
Apr 13 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
$84 / 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
$19,046
Tax year 2023
Assessed value
$965,000
Assessed 2023
Previous assessed
$900,000
+7.2% YoY
Effective rate
1.97%
On assessed value
Land market value
$213,178
Improvement market value
$751,822
Total market value
$965,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
5
Total area
15,150 SF
Lot
0.85 ac (37,048 SF)
APN
11-28-15-09988-000-0050
UPID
US18-1423976
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
2002
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.85 ac
Current owner
From public records · entity-resolved
Ph305 LLC
Entity
Mailing address
PO BOX 514, HOMOSASSA, FL 34487-0514
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2026
$1,550,000
Ph305 LLC
Skywalker Development Of Florida LLC
Warranty Deed
$1,162,500 · Connectone Bank
Apr 13, 2020
$990,000
Skywalker Dev Of Florida LLC
Bear Ridge Corp Center LLC
Warranty Deed
—
May 3, 2010
—
Bear Ridge Corporate Ctr LLC
Mitchell,michael S Coc
Trustees Deed
related
—
Oct 3, 2005
—
Michael S Mitchell
—
Trustees Deed
related
$350,000 · Cortez Community Bank
Sep 22, 2000
$230,000
Michael S Mitchell
Norman,thomas M & Suzanne M
Grant Deed
$184,000 · Southtrust Bank NA
—
—
Bear Ridge Corporate Ctr LLC
—
Deed Of Trust
related
$304,722 · Regions Bank
—
—
Michael S Mitchell
—
Deed Of Trust
related
$731,790 · Capital City Bank
—
—
Michael S Mitchell
—
Deed Of Trust
related
$967,500 · First National Bank Florida
—
—
Michael S Mitchell
—
Deed Of Trust
related
$100,000 · First National Bank Florida
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 305 Bear Rdg Cir?
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.
