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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Bars & Pubs
325 Main St Dunedin, FL 34698-5733
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-4706501
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1915
Construction
CONCRETE BLOCKS
Total area
5,358 SF
Lot
0.18 ac (7,806 SF)
APN
27-28-15-44298-023-0030
UPID
US18-4706501
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
-
Tios Pios Food Truck Restaurant Take-out & Catering
-
Blur Nightclub Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.89M
Owner & transaction history
325 Main Street LLC · 19 yrs held
325 Main Street LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+87.9%
Auto repair, garage
$2.2M
+37.4%
Apartment house (5+ units)
$2.0M
+21.7%
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 Dunedin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dunedin 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
NIGHTCLUB (COCKTAIL LOUNGE)
$1,615,000
Current use
RESTAURANT
$3,035,000
Change: +88% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,220,000
Change: +37% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,965,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,485,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±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
$353 / 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
$16,494
Tax year 2023
Assessed value
$995,000
Assessed 2023
Previous assessed
$895,000
+11.2% YoY
Effective rate
1.66%
On assessed value
Land market value
$626,181
Improvement market value
$368,819
Total market value
$995,000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1915
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
6
Total area
5,358 SF
Lot
0.18 ac (7,806 SF)
APN
27-28-15-44298-023-0030
UPID
US18-4706501
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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$1.6M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
NIGHTCLUB (COCKTAIL LOUNGE) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1915
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
6
Lot
0.18 ac
Current owner
From public records · entity-resolved
325 Main Street LLC
Entity
Mailing address
325 MAIN ST, DUNEDIN, FL 34698-5733
Ownership since
2006
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
Nov 16, 2021
—
325 Main Street LLC
—
Deed
related
$401,325 · Valley Bank
Jan 5, 2021
—
325 Main Street LLC
—
Deed
related
$803,269 · Gem Fla Properties LLC
Jan 17, 2018
—
325 Main Street LLC
—
Deed
related
$915,000 · Gem Fla Properties LLC
Aug 21, 2006
$1,315,000
325 Main Street LLC
Marcella M Utterback
Warranty Deed
$1,850,000 · George E Manus
—
—
325 Main Street LLC
—
Deed Of Trust
related
$1,890,000 · Caveman Holdings LLC
—
—
325 Main Street LLC
—
Loan Modification
related
$915,000 · Gem Fla Properties LLC
—
—
325 Main Street LLC
—
Loan Modification
related
$803,269 · Gem Fla Properties LLC
—
—
325 Main Street LLC
—
Deed Of Trust
related
$1,850,000 · George E Manus
—
—
325 Main Street LLC
—
Deed Of Trust
related
$1,819,869 · Caveman Holdings LLC
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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