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    620 Union St Dunedin, FL 34698
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    Property profile & analytics

    620 Union St, Dunedin, FL 34698

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    • Manufacturing properties
    • 3,600 SF
    • 0.19 lot acres
    For Sale
    $950,000
    View Listing →
    Dunedin Light Industrial Investment For Sale
    $950,000
    3,600 SF

    Dunedin Light Industrial Investment

    Leased light industrial asset with income and growth potential.

    620 UNION STREET, Dunedin, FL 34698
    View Listing
    Property ID
    US18-3780177
    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.
    Value Estimations
    Cap Rate Potential
    2.9%
    Manufacturing properties
    Location Intelligence

    Current Use by Public Records

    • Cool Today / Hardware & Home Improvement / HVAC Service
    • Clearwater Plumbing / General Contractor

    Property Details for 620 Union St

    Year built
    1971
    Construction
    FRAME
    Lot size
    0.19 lot acres
    Property type
    Manufacturing properties
    APN
    34-28-15-21060-000-1080
    APU
    342815210600001080

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 2, 2022 — 620 Union LLC Trust Roofing INC Quit Claim Deed · related —
    Jun 3, 2022 $690,000 Trust Roofing INC N & M Properties LLC Warranty Deed $518k · Flagship Bank
    Nov 30, 2017 — N & M Properties LLC — Deed · related $80k · Island Time Fl LLC
    Nov 8, 2016 $250,000 N & M Properties LLC Island Time Fl LLC Warranty Deed $250k · Island Time Fl LLC
    Jul 15, 2013 $90,000 Island Time Fl LLC Duncan,raymond D & Mary Warranty Deed —
    — — N & M Properties LLC — Loan Modification · related $80k · Island Time Fl LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $905,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $976,000
      Market price range: $376k - $1.04M
      AI Estimate
      $976,000
      Market price range: $376k - $1.04M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $630,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,000,000
      Change: +59% Conversion: Difficult
      RETAIL STORES
      $795,000
      Change: +26% Conversion: Moderate
      WAREHOUSE, STORAGE
      $790,000
      Change: +26% Conversion: Easy
      OFFICE BUILDING
      $650,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunedin
    County
    Pinellas
    State
    Florida
    Longitude
    -82.783
    Latitude
    27.9976
    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
    $9,990
    $0.00
    $0.00
    $570,000
    -
    $212,527
    $357,473
    $570,000

    Comparable in this City

    • Value Estimation
      $1,525,000
      8,400 SF

      1331 Spalding Rd

      MANUFACTURING (LIGHT)
      1331 Spalding Rd, Dunedin, FL 34698-5045
      View Details
    • Value Estimation
      $845,000
      6,000 SF

      1335 Martin Luther King Jr Ave

      MANUFACTURING (LIGHT)
      1335 Martin Luther King Jr Ave, Dunedin, FL 34698-5061
      View Details
    • Value Estimation
      $760,000
      2,556 SF

      367 Wilson St

      MANUFACTURING (LIGHT)
      367 Wilson St, Dunedin, FL 34698-4202
      View Details
    • Value Estimation
      $2,385,000
      10,324 SF

      592 Main St

      MANUFACTURING (LIGHT)
      592 Main St, Dunedin, FL 34698-4985
      View Details
    • Value Estimation
      $7,350,000
      25,460 SF

      427 San Christopher Dr

      FOOD PROCESSING
      427 San Christopher Dr, Dunedin, FL 34698-4905
      View Details
    • Value Estimation by Request
      1,379 SF

      1480 Main St

      MANUFACTURING (LIGHT)
      1480 Main St, Dunedin, FL 34698-6245
      View Details

    Similar Nearby for Sale

    • $950,000
      3,600 SF

      Dunedin Light Industrial Investment

      Leased light industrial asset with income and growth potential.
      620 Union St, Dunedin, FL 34698
      View Details
    • $950,000

      Dunedin Light Industrial Investment

      Leased industrial asset with contractual rent increases in Dunedin, Florida.
      620 Union St, Dunedin, FL 34698
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    • $3,625,000
      4,236 SF

      Downtown Dunedin Commercial Opportunity

      Two-story building in downtown Dunedin near shops and restaurants.
      220 Scotland St, Dunedin, FL 34698
      View Details
    • $1,975,000
      0.32 Acres

      Waterfront Land in Coastal Dunedin

      Premier waterfront homesite to build your dream home.
      1614 Santa Barbara Dr, Dunedin, FL 34698
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    • Contact for pricing
      5,693 SF

      Dunedin Mixed-Use Commercial Space

      Mixed-use property with established pub and short-term rentals.
      465 Main St, Dunedin, FL 34698
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Dunedin Office Spaces Available

      Office spaces available for lease in Dunedin, Florida.
      201 Douglas Ave, Dunedin, FL 34698
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Dunedin, Florida.
      1681 Main St, Dunedin, FL 34698
      View Details
    • Contact for pricing
      4,090 SF

      Dunedin Retail Space Available

      Retail space available for lease in Dunedin, Florida.
      912-956 Patricia Ave, Dunedin, FL 34698
      View Details
    • Contact for pricing
      8,320 SF

      Retail Space in Dunedin, FL

      Former Family Dollar retail space available for rent.
      1420 Main St, Dunedin, FL 34698
      View Details
    • Contact for pricing

      Dunedin Standalone Building For Lease

      6,152 sqft standalone building on busy Bayshore Blvd in Dunedin.
      2046 Bayshore Blvd, Dunedin, FL 34698
      View Details
    • Contact for pricing
      4,200 SF

      Dunedin Retail/Medical Space Available

      Retail and medical spaces for lease in Dunedin, Florida.
      1721-1757 Main St, Dunedin, FL 34698
      View Details
    View Listing
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    Dunedin, FL 34698
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    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
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