Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Warehouses
515 Myrtle Ave Clearwater, FL 33755-4436
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5370669
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
CONCRETE BLOCKS
Total area
2,492 SF
Lot
0.22 ac (9,696 SF)
APN
10-29-15-10044-001-0080
UPID
US18-5370669
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
-
ACS Home Services AC Repair Clearwater Hardware & Home Improvement HVAC Service
-
Miracle Method Surface Refinishing Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$325k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Polo Builders INC · 4 yrs held
Polo Builders INC
since 2022
Last sale
$425,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$520,000
+2.1%
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
$495,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$350,000
6.5%
$325,000
7%
$300,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$510,000
Current use
RETAIL STORES
$520,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$445,000
Change: -12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$440,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $425k (Mar 4 2022)
Last sale anchor
$425k
Mar 4 2022
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
$215 / 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
$6,747
Tax year 2023
Assessed value
$350,000
Assessed 2023
Previous assessed
$340,000
+2.9% YoY
Effective rate
1.93%
On assessed value
Land market value
$162,177
Improvement market value
$187,823
Total market value
$350,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
2
Total area
2,492 SF
Lot
0.22 ac (9,696 SF)
APN
10-29-15-10044-001-0080
UPID
US18-5370669
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
WAREHOUSE, STORAGE Current
Est. value
$510,000
RETAIL STORES
Est. value
$520,000
OFFICE BUILDING
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$440,000
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1972
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Polo Builders INC
Entity
Mailing address
515 N MYRTLE AVE, CLEARWATER, FL 33755-4436
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
$425,000
Polo Builders INC
Albert L Guy
Warranty Deed
$345,000 · Albert Guy
Mar 24, 1997
$88,000
Albert L Guy
49th Street Holding
Grant Deed
—
Jun 16, 1993
$61,000
49th St. Holding
1st Natl Bk Clearwat
Warranty Deed
related
$45,000 · First Nat'l Bk/port Allegany
Mar 1, 1993
$87,500
1st Natl Bk Clearwat
Williams,barbara C
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?”
You own 515 Myrtle Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
