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Property profile & analytics
OFF-MARKET
Estimated value
$51,555,000
Hotels
455 Shr Dr Clearwater, FL 33767-2033
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5217530
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2021
Construction
CONCRETE BLOCKS
Total area
115,313 SF
Lot
3.59 ac (156,502 SF)
APN
08-29-15-16434-003-0080
UPID
US18-5217530
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
-
The Salty Mermaid Beach Boats, LLC (Bike/Boat/Book/etc) Store
-
Clearwater Beach Slingshots Car Rental Facility
-
Exotic Jetcars (Bike/Boat/Book/etc) Store
-
Jet Ski Clearwater Beach (Bike/Boat/Book/etc) Store
-
Go Tiki Tours Clearwater - #1 Floating Tiki Boat Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$51.56M
Owner & transaction history
Mhh Clearwater 455 Holdings LLC · 3 yrs held
Mhh Clearwater 455 Holdings LLC
since 2023
Last sale
$55.4M
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
$447 / 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
$862,610
Tax year 2023
Assessed value
$44,750,000
Assessed 2023
Previous assessed
$42,600,000
+5.0% YoY
Effective rate
1.93%
On assessed value
Land market value
$5,710,993
Improvement market value
$39,039,007
Total market value
$44,750,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2021
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
7
Units
139
Bathrooms
8
Total area
115,313 SF
Lot
3.59 ac (156,502 SF)
APN
08-29-15-16434-003-0080
UPID
US18-5217530
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
2021
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
7
Units
139
Bathrooms
8
Lot
3.59 ac
Current owner
From public records · entity-resolved
Mhh Clearwater 455 Holdings LLC
Entity
Mailing address
50 S STEELE ST STE #200, DENVER, CO 80209-2807
Ownership since
2023
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
Apr 3, 2024
—
Aris Mortgage Lending LLC
—
Deed
related
$17,134,831 · Aris Jpm Repo Seller 1 LLC
Sep 14, 2023
—
Clearwater 395 Holdings LLC
—
Deed
related
$91,500,000 · Athene Annuity And Life Company
Jun 29, 2023
$55,400,000
Mhh Clearwater 455 Holdings LLC
Nesc LLC
Special Warranty Deed
$27,000 · Aris Mortgage Lending LLC
Jan 15, 2019
—
Nesc LLC
—
Grant Deed
related
$26,000,000 · Citizens Bk NA
Aug 9, 2018
$10,500,000
Nesc LLC
Louis Developments LLC
Grant Deed
—
Mar 23, 2011
—
Louis Devs LLC
—
Deed Of Trust
related
$5,700,000 · Usameribank
Aug 2, 2005
$600,000
Louis Developments LLC
Potter,paschoalena
Warranty Deed
$2,740,000 · First National Bank
Aug 2, 2005
$2,520,000
Louis Developments LLC
Potter,paschoalena
Warranty Deed
—
—
—
Helios Family LP
—
Deed Of Trust
related
$18,887,000 · C1 Bk
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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