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Property profile & analytics
OFF-MARKET
Estimated value
$4,135,000
Strip malls
511 Ft Harrison Ave Clearwater, FL 33756-5316
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-9578691
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
CONCRETE BLOCKS
Total area
14,928 SF
Lot
1.69 ac (73,442 SF)
APN
16-29-15-94626-002-0040
UPID
US18-9578691
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
-
Chase Mortgage Loan Service Bank
-
Chase Bank Bank Loan Service
-
Chase ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.16M
Comparable Approach
Comparable
$4.01M
Blend (final)
Blend
$4.14M
Owner & transaction history
Clearwater Town Center LLC · 5 yrs held
Clearwater Town Center LLC
since 2020
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+18.1%
Apartment house (5+ units)
$3.0M
+13.7%
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
$3,620,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,420,000
6.5%
$3,160,000
7%
$2,935,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,630,000
Current use
RETAIL STORES
$3,105,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,990,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$2,530,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$4.14M
Range $3.72M – $4.55M · ±10% · vs last sale $5.00M (Oct 12 2020)
Last sale anchor
$5.00M
Oct 12 2020
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
$277 / 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
$82,117
Tax year 2023
Assessed value
$4,260,000
Assessed 2023
Previous assessed
$4,215,000
+1.1% YoY
Effective rate
1.93%
On assessed value
Land market value
$1,715,345
Improvement market value
$2,544,655
Total market value
$4,260,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
13
Total area
14,928 SF
Lot
1.69 ac (73,442 SF)
APN
16-29-15-94626-002-0040
UPID
US18-9578691
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.6M
RETAIL STORES
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2005
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
13
Lot
1.69 ac
Current owner
From public records · entity-resolved
Clearwater Town Center LLC
Entity
Mailing address
214 COE RD, BELLEAIR, FL 33756-1916
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
—
Clearwater Town Center LLC
—
Deed
related
$2,663,000 · Park National Bank
Oct 12, 2020
$5,000,000
Clearwater Town Center LLC
Dauphine Clearwater LLC
Special Warranty Deed
$3,000,000 · Vast Bank NA
May 25, 2016
$3,275,000
Dauphine Clearwater LLC
Adj-dig Ft Harrison LLC
Grant Deed
$2,275,000 · Usameribank
Jun 7, 2012
$1,875,000
Adj-dig Ft Harrison LLC
Win Ft Harrison Ltd
Grant Deed
$1,540,000 · Usameribank
Nov 9, 2004
—
Win-ft Harrison Ltd
Owner,record
Grant Deed
related
—
Nov 4, 2004
$700,000
Win-ft Harrison Ltd
Scotts Custom Cleaners INC
Grant Deed
—
—
—
Win-ft Harrison Ltd
—
Deed Of Trust
related
$3,557,387 · Wells Fargo Bank
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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