Back to Search
Property profile & analytics
FOR LEASE
Community centers
525 S Belcher Rd Clearwater, FL 33764
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-4435526
For Lease
1 / 3
$14,915,000
525 S Belcher Rd, Clearwater, FL 33764
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2007
Construction
CONCRETE BLOCKS
Total area
55,471 SF
Lot
9.08 ac (395,616 SF)
APN
18-29-16-00000-320-0500
UPID
US18-4435526
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
-
Publix Pharmacy at Gulf to Bay Plaza Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Blue Rhino Propane Exchange Propane Supplier
-
Gulf-To-Bay Plaza Shopping Center & Mall
-
Primo Water Refill Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.92M
Blend (final)
Blend
$14.92M
Owner & transaction history
Publix Super Markets INC · 9 yrs held
Publix Super Markets INC
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.5M
+18.1%
Warehouse, storage
$11.3M
+15.7%
Office building
$10.4M
+6.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,765,000
Current use
RETAIL STORES
$11,530,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$11,300,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$10,415,000
Change: +7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$9,460,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$14.92M
Range $13.42M – $16.41M · ±10%
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
$269 / 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
$328,177
Tax year 2023
Assessed value
$17,025,000
Assessed 2023
Previous assessed
$16,650,000
+2.3% YoY
Effective rate
1.93%
On assessed value
Land market value
$5,969,985
Improvement market value
$11,055,015
Total market value
$17,025,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2007
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Bathrooms
24
Total area
55,471 SF
Lot
9.08 ac (395,616 SF)
APN
18-29-16-00000-320-0500
UPID
US18-4435526
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
$9.8M
RETAIL STORES
Est. value
$11.5M
WAREHOUSE, STORAGE
Est. value
$11.3M
OFFICE BUILDING
Est. value
$10.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2007
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
24
Lot
9.08 ac
Current owner
From public records · entity-resolved
Publix Super Markets INC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2017
$23,810,000
Publix Super Markets INC
Ellis & Co Lllp
Grant Deed
—
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.
