Back to Search
Property profile & analytics
FOR SALE
Investment properties
454 Main St Safety Harbor, FL 34695
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3253226
For Sale
1 / 33
$3,999,000
454 Main St, Safety Harbor, FL 34695
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1918
Construction
WOOD FRAME
Total area
7,342 SF
Lot
0.45 ac (19,611 SF)
APN
03-29-16-33372-013-0020
UPID
US18-3253226
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
-
Harbor Inn on Main Hotel & Motel
-
Harbor Inn Hotel & Motel Bed & Breakfast
-
Accents By Paula Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
Harbor Inn On Main LLC · 4 yrs held
Harbor Inn On Main LLC
since 2021
Last sale
$1.5M
6 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 Safety Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Safety 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
$1,910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,405,000
7%
$1,305,000
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $1.51M (Oct 13 2021)
Last sale anchor
$1.51M
Oct 13 2021
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
$216 / 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
$24,816
Tax year 2023
Assessed value
$1,450,000
Assessed 2023
Previous assessed
$1,292,000
+12.2% YoY
Effective rate
1.71%
On assessed value
Land market value
$1,048,810
Improvement market value
$401,190
Total market value
$1,450,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1918
Construction
WOOD FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
7
Total area
7,342 SF
Lot
0.45 ac (19,611 SF)
APN
03-29-16-33372-013-0020
UPID
US18-3253226
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
1918
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
7
Lot
0.45 ac
Current owner
From public records · entity-resolved
Harbor Inn On Main LLC
Entity
Mailing address
1300 ALAMEDA AVE, CLEARWATER, FL 33759-3307
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2021
$1,510,000
Harbor Inn On Main LLC
David A Penzabene
Warranty Deed
$1,460,000 · Harbor Inn On Main LLC
Sep 29, 2021
—
David A Penzabene
David A Penzabene
Intrafamily Transfer
related
—
May 4, 2021
—
David A Penzabene
Julie Anctil
Correction Deed
related
—
Jul 17, 2020
—
David A Penzabene
Julie Anctil
Quit Claim Deed
related
—
Jan 13, 2014
—
David A Penzabene
Penzabene,julie M
Quit Claim Deed
related
—
Jun 22, 2005
—
David A Penzabene
Penzabene,david & Julie
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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.
