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Property profile & analytics
OFF-MARKET
Residential income homes
4500 Bay Dr 124 Clearwater, FL 33764-5737
Individually Owned
1-yr Hold
Property ID
US18-8480444
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1972
Construction
WOOD FRAME
Total area
925 SF
APN
31-29-16-77390-002-1240
UPID
US18-8480444
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
-
iGraphic-Designs Marketing & Advertising Advertising Agency
-
Art That Smiles - Whimsical Fine Art Photography By John Hartung Artist Art Gallery
-
FaceLess Photos Photography Service (Bike/Boat/Book/etc) Store
-
Royal Pines Condominiums Condominium Complex
-
Amazon Tax Exemption Service Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aaron Pingleton · 1 yrs held
Aaron Pingleton
since 2024
Last sale
$179,500
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,789
Tax year 2023
Assessed value
$148,130
Assessed 2023
Previous assessed
$148,130
+0.0% YoY
Effective rate
1.21%
On assessed value
Improvement market value
$148,130
Total market value
$148,130
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1972
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
925 SF
APN
31-29-16-77390-002-1240
UPID
US18-8480444
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
1972
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Current owner
From public records · entity-resolved
Aaron Pingleton
Individual
Mailing address
3008 E PLANTERS ROW DR UNIT #124, RICHMOND, KY 40475-9234
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$179,500
Aaron Pingleton
Igor Gabovski
Warranty Deed
—
Nov 9, 2015
$48,100
Igor Grabovski
Hud-housing Of Urban Dev
Grant Deed
—
Jul 21, 2015
—
Hud-housing Of Urban Dev
Everbank
Grant Deed
—
Feb 3, 2014
—
Everbank
Leach,jennifer & Jonathan M Coc
Trustees Deed
related
—
Jan 30, 2003
$48,700
Jonathan M Leach
Ghafouri,manouchehr & Parisa R
Grant Deed
—
Mar 23, 1999
$36,000
Manouchehr Ghafouri
Ghomshe,ali & Gina C
Grant Deed
$33,065 · Nationsbank
Feb 9, 1999
$31,500
Gina C Ghomshe
Stevens,daniel G
Grant Deed
$24,262 · Amsouth Bank
—
—
Manouchehr Ghafouri
—
Deed Of Trust
related
$22,000 · Bank Of America
—
—
Jonathan Leach
—
Deed Of Trust
related
$90,862 · Residential Finance Corp
—
—
Jonathan M Leach
—
Deed Of Trust
related
$46,265 · Wells Fargo Home Mortgage INC
—
—
Manouchehr Ghafouri
—
Deed Of Trust
related
$13,000 · Nationsbank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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