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Property profile & analytics
FOR LEASE
Strip malls
4100 E Bay Dr Clearwater, FL 33764
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0934064
For Lease
1 / 3
$4,530,000
4100 E Bay Dr, Clearwater, FL 33764
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,320 SF
Lot
1.67 ac (72,793 SF)
APN
31-29-16-70344-200-0903
UPID
US18-0934064
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
-
Winco Center Shopping Center & Mall
-
Fashion Nails Nail Salon
-
Classic Threading Salon Hair Salon Nail Salon
-
Massage Choice Therapy Alternative Medicine Practice Spa & Massage Center
-
Primal King Transfers (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.53M
CAP Approach
CAP
$3.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.53M
Owner & transaction history
4100 East Bay Drive Owner LLC · 1 yrs held
4100 East Bay Drive Owner LLC
since 2024
Last sale
$4.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+18.1%
Warehouse, storage
$3.3M
+15.7%
Office building
$3.1M
+6.6%
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
$4,530,000
ML approach
$4,530,000
CAP Approach
CAP Return
Estimation
6%
$3,740,000
6.5%
$3,455,000
7%
$3,205,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,875,000
Current use
RETAIL STORES
$3,395,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$3,325,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$3,065,000
Change: +7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,785,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±10% · vs last sale $4.53M (Dec 12 2024)
Last sale anchor
$4.53M
Dec 12 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
$278 / 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
$35,931
Tax year 2023
Assessed value
$1,900,000
Assessed 2023
Previous assessed
$1,785,000
+6.4% YoY
Effective rate
1.89%
On assessed value
Land market value
$899,006
Improvement market value
$1,000,994
Total market value
$1,900,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
15
Total area
16,320 SF
Lot
1.67 ac (72,793 SF)
APN
31-29-16-70344-200-0903
UPID
US18-0934064
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.9M
RETAIL STORES
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
15
Lot
1.67 ac
Current owner
From public records · entity-resolved
4100 East Bay Drive Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1420 CT ST, CLEARWATER, FL 33756-6147
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
—
Sw Mtr 4920 Flat Shoals Owner LLC
—
Deed
related
$60,000,000 · Bankunited NA
Dec 12, 2024
$4,532,400
4100 East Bay Drive Owner LLC
Alan Rophie
Special Warranty Deed
—
Dec 31, 2019
—
Alan Rophie
Rophie Albert A Trust
Quit Claim Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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