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Property profile & analytics
OFF-MARKET
Estimated value
$19,720,000
Specialty properties
5771 Roosevelt Blvd Clearwater, FL 33760-3413
Entity Owned
~
Est. High Equity
Property ID
US18-0874605
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1981
Construction
CONCRETE BLOCKS
Total area
104,570 SF
Lot
21.85 ac (951,729 SF)
APN
33-29-16-70380-200-0800
UPID
US18-0874605
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
-
Daniel Thorngren Physician
-
Catherine Covington Physician
-
Rebecca H. Mcallister, ARNP Physician
-
Ann Marie Marie Cholowski, MD Physician
-
Dr. Theresa A. Buck, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.19M
Blend (final)
Blend
$19.72M
Owner & transaction history
Gs Bayside Apartments Owner LLC
Gs Bayside Apartments Owner LLC
since 2026
Last sale
$19.3M
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
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$23,195,000
Current use
RETAIL STORES
$21,740,000
Change: -6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$21,620,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$19.72M
Range $17.75M – $21.69M · ±10% · vs last sale $19.25M (Feb 26 2026)
Last sale anchor
$19.25M
Feb 26 2026
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
$189 / 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
$20,117
Tax year 2023
Assessed value
$15,196,920
Assessed 2023
Previous assessed
$14,385,261
+5.6% YoY
Effective rate
0.13%
On assessed value
Land market value
$3,935,751
Improvement market value
$11,261,169
Total market value
$15,196,920
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1981
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Bathrooms
64
Total area
104,570 SF
Lot
21.85 ac (951,729 SF)
APN
33-29-16-70380-200-0800
UPID
US18-0874605
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$23.2M
RETAIL STORES
Est. value
$21.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.6M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RETAIL STORES
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
1981
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
64
Lot
21.85 ac
Current owner
From public records · entity-resolved
Gs Bayside Apartments Owner LLC
Entity
Mailing address
5771 ROOSEVELT BLVD STE #610, CLEARWATER, FL 33760-3415
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
$19,250,000
Gs Bayside Apartments Owner LLC
Empath Real Estate Roosevelt LLC
Special Warranty Deed
$68,000 · Cibc Bank USA
Dec 10, 2018
—
Empath Real Estate-roosevelt L
Empath Health INC
Quit Claim Deed
related
—
Dec 10, 2018
$3,857
Empath Health INC
Hospice Of The Florida Suncoas
Grant Deed
related
—
Nov 19, 2018
—
Empath Health INC
Hospice Of The Florida Suncoas
Grant Deed
related
—
Oct 8, 2018
—
Empath Health INC
Hospice Of The Florida Suncoas
Grant Deed
—
Mar 30, 2018
—
Myron Mensh
Duke Stephen B Trust
Grant Deed
related
—
Dec 23, 2002
$6,200,000
Hospice Of Florida Suncoast In
Wrh Bay Forest Ltd
Grant Deed
—
Jan 15, 1998
$3,200,000
NA South Nationsbank
Nationsbank
Grant 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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