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Property profile & analytics
FOR LEASE
Warehouses
4400 140Th Ave N Clearwater, FL 33762
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3434709
For Lease
1 / 2
$18 SF/Yr
4400 140Th Ave N, Clearwater, FL 33762
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
43,824 SF
Lot
4.56 ac (198,525 SF)
APN
03-30-16-00118-000-0060
UPID
US18-3434709
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
-
Talos Lightning Detection Building Supply General Contractor
-
Sign-Age of Tampa Bay Inc (Bike/Boat/Book/etc) Store Printing Service
-
FedEx Drop Box Postal Service Courier Service
-
Pinellas Physiatry Associates PA Physician Medical Clinic
-
Eichenbaum Annette DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.69M
Blend (final)
Blend
$5.69M
Owner & transaction history
Albany Road Meridian Concourse LLC · 6 yrs held
Albany Road Meridian Concourse LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.5M
+55.2%
Retail stores
$9.1M
+49.1%
Office building
$8.2M
+34.7%
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 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
WAREHOUSE, STORAGE
$6,110,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,480,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$9,110,000
Change: +49% · Conversion: Moderate
OFFICE BUILDING
$8,225,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,715,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$5.69M
Range $5.12M – $6.26M · ±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
$130 / 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
$51,066
Tax year 2023
Assessed value
$3,725,000
Assessed 2023
Previous assessed
$3,507,265
+6.2% YoY
Effective rate
1.37%
On assessed value
Land market value
$1,161,249
Improvement market value
$2,563,751
Total market value
$3,725,000
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
For Lease
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
7
Total area
43,824 SF
Lot
4.56 ac (198,525 SF)
APN
03-30-16-00118-000-0060
UPID
US18-3434709
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
$6.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.5M
RETAIL STORES
Est. value
$9.1M
OFFICE BUILDING
Est. value
$8.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
7
Lot
4.56 ac
Current owner
From public records · entity-resolved
Albany Road Meridian Concourse LLC
Entity
Mailing address
155 FEDERAL ST STE #1202, BOSTON, MA 02110-1735
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2019
—
Albany Road Meridian Concourse LLC
Meridian Hrcf Sunplex LLC
Quit Claim Deed
related
$11,800,000 · Truist Bank
Dec 13, 2019
$15,382,000
Albany Road-meridian Concourse
Meridian-hrcf Sunplex LLC
Trustees Deed
related
$11,800,000 · Truist Bk
Dec 21, 2017
—
Meridian-hrcf Sunplex LLC
—
Grant Deed
related
$34,000,000 · Bankunited Fsb
Dec 6, 2016
—
State Of Florida Dept & Transportat
Pinellas Cnty
Grant Deed
—
Sep 26, 2006
—
Meridian-hrcf Sunplex LLC
Pinellas County
Grant 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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