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Property profile & analytics
OFF-MARKET
Estimated value
$8,725,000
Apartment buildings
660 Beltrees St, Dunedin, FL 34698-7742
Trust Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1396229
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
CONCRETE BLOCKS
Total area
32,292 SF
Lot
4.06 ac (176,880 SF)
APN
35-28-15-38088-000-0010
UPID
US18-1396229
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
-
Beltrees Plaza Apartments Apartment Rental Agency Property Management Company
-
Jeremy for Dunedin Commission Seat 4 Advocacy Group Volunteer Organization
-
O.G Lawn Service Landscaping Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.72M
Blend (final)
Blend
$8.73M
Owner & transaction history
Beltrees Plaza I Land Trust · 17 yrs held
Beltrees Plaza I Land Trust
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.4M
+12.9%
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 Dunedin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dunedin 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
APARTMENT HOUSE (5+ UNITS)
$11,845,000
Current use
AUTO REPAIR, GARAGE
$13,370,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$8.73M
Range $7.85M – $9.60M · ±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
$270 / 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
$95,754
Tax year 2023
Assessed value
$5,500,000
Assessed 2023
Previous assessed
$5,000,000
+10.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$1,829,330
Improvement market value
$3,670,670
Total market value
$5,500,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1975
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Units
32
Bathrooms
99
Total area
32,292 SF
Lot
4.06 ac (176,880 SF)
APN
35-28-15-38088-000-0010
UPID
US18-1396229
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$11.8M
AUTO REPAIR, GARAGE
Est. value
$13.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1975
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Units
32
Bathrooms
99
Lot
4.06 ac
Current owner
From public records · entity-resolved
Beltrees Plaza I Land Trust
Trust
Mailing address
7800 BELCHER RD N APT #114, PINELLAS PARK, FL 33781-1957
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2020
—
Beltrees Plaza I Land Trust
—
Deed
related
$3,100,000 · Republic Bk&tr
Jun 14, 2016
—
Beltrees Plaza I Land Trust
—
Deed
related
$3,100,000 · Republic Bk&tr
Dec 15, 2008
—
Beltrees Plaza I Land Trust
Hendricks,randall J
Grant Deed
—
Oct 10, 2006
—
Randall J Hendricks
Sun Trust
Grant Deed
related
—
Sep 14, 2006
—
Fred A Hendricks SR.
Hendricks,fred A SR
Quit Claim Deed
related
—
—
—
Beltrees Plaza I Land Trust
—
Deed Of Trust
related
$3,100,000 · Republic Bk&tr
—
—
Fred A Hendricks
—
Deed Of Trust
related
$1,373,233 · Robert M Cornfeld
—
—
Randall J Hendricks
—
Deed Of Trust
related
$2,500,000 · Usameribank
—
—
Hendricks Trust
—
Deed Of Trust
related
$1,500,000 · Abn Amro Mortgage Group INC
—
—
Beltrees Plaza I Land Trust
—
Loan Modification
related
$3,100,000 · Republic Bk&tr
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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