Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    464 Paula Dr, Unit 206 Dunedin, FL 34698-1814

    • Residential income homes
    • 1,016 SF
    OFF-MARKET
    Last Sale
    Dec 05, 2023
    $295,000
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    3.8%
    Residential income homes
    Location Intelligence
    Property ID
    US18-3968667
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dolphin Pointe of Dunedin / Condominium Complex

    Property Details for 464 Paula Dr

    Year built
    1972
    Construction
    WOOD FRAME
    Property size
    1,016 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    15-28-15-21808-000-2060
    APU
    152815218080002060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $323,000
      Market price range: $275k - $502k
      AI Estimate
      $323,000
      Market price range: $275k - $502k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dunedin
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7836
    Latitude
    28.0522
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,255
    $0.00
    $0.00
    $251,822
    -
    $0.00
    $251,822
    $251,822

    Comparable in this City

    • Value Estimation by Request
      704 SF

      464 Paula Dr, Unit 305

      APARTMENT HOUSE (UNDER 5 UNITS) • 704 SF
      464 Paula Dr, Dunedin, FL 34698-1823
      View Details
    • Value Estimation by Request
      704 SF

      464 Paula Dr, Unit 321

      APARTMENT HOUSE (UNDER 5 UNITS) • 704 SF
      464 Paula Dr, Dunedin, FL 34698-1821
      View Details
    • Value Estimation by Request
      1,114 SF

      704 Lyndhurst St, Unit 624

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,114 SF
      704 Lyndhurst St, Dunedin, FL 34698-7772
      View Details
    • Value Estimation by Request
      747 SF

      2570 Gary Cir, Unit 7

      APARTMENT HOUSE (UNDER 5 UNITS) • 747 SF
      2570 Gary Cir, Dunedin, FL 34698-1710
      View Details
    • Value Estimation by Request
      818 SF

      718 Lyndhurst St, Unit 924

      APARTMENT HOUSE (UNDER 5 UNITS) • 818 SF
      718 Lyndhurst St, Dunedin, FL 34698-7752
      View Details
    • Value Estimation by Request
      790 SF

      604 Nicholas Dr, Unit 604

      APARTMENT HOUSE (UNDER 5 UNITS) • 790 SF
      604 Nicholas Dr, Dunedin, FL 34698-2566
      View Details

    Similar Nearby for Sale

    • $1,469,000

      Dunedin Six-Unit Apartment Complex

      Well-maintained six-unit apartment complex in Dunedin, Florida.
      744 Mease Plz, Dunedin, FL 34698
      View Details
    • $185,000

      Waterfront Unit in 55+ Community

      Two-bedroom, two-bath waterfront unit in active 55+ community.
      3301 508, Dunedin, FL 34698
      View Details
    • $115,900

      Dunedin Multifamily Property for Sale

      Multifamily property in Dunedin, Florida, available for purchase.
      130 Patricia Ave, Dunedin, FL 34698
      View Details
    • $187,000

      Dunedin Multifamily Investment Opportunity

      Multifamily property in Dunedin, Florida, offered for sale.
      3301 187, Dunedin, FL 34698
      View Details
    • $160,000

      Dunedin Multifamily Property for Sale

      Multifamily property in Dunedin, Florida, available for purchase.
      3301 264, Dunedin, FL 34698
      View Details
    • $4,100,000
      8,836 SF

      Dunedin Multifamily Investment

      16-Unit Multifamily, High Returns
      885 Beltrees St, Dunedin, FL 34698
      View Details

    Similar Nearby for Lease

    • $120,000
      4,680 SF

      Dunedin Commercial Space For Lease

      Two-story commercial building in downtown Dunedin, suitable for various uses.
      220 Scotland St, Dunedin, FL 34698
      View Details
    • $20,100

      Refurbished Office Space in Dunedin

      Refurbished ground floor office space with parking and easy access.
      1964 Bayshore Blvd, Dunedin, FL 34698
      View Details
    • $35 SF/Yr
      1,818 SF

      Dunedin Retail Space For Lease

      Prime Downtown Location, 1818 sq ft
      300 Monroe St, Dunedin, FL 34698
      View Details
    • $17 SF/Yr
      1,301 SF

      Retail Space in Dunedin, FL

      Retail space available in Dunedin, with high traffic and visibility.
      902-938 Curlew Rd, Dunedin, FL 34698
      View Details
    • $2,350 /Mo
      4,530 SF

      Dunedin Medical Office For Lease

      Turnkey medical office space in a high-visibility Dunedin location.
      1330 Pinehurst Rd, Dunedin, FL 34698
      View Details
    • $20 SF/Yr
      9,760 SF

      Dunedin Office Space For Rent

      9760 SF office space available in thriving Dunedin community.
      1550 Main St, Dunedin, FL 34698
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    464 Paula Dr, Unit 206
    Dunedin, FL 34698-1814
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.