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Property profile & analytics
OFF-MARKET
Estimated value
$14,990,000
Hotels
673 Bay Esplanade 105 Clearwater, FL 33767-1503
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9174744
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1951
Construction
WOOD FRAME
Total area
1,104 SF
APN
05-29-15-27942-000-0105
UPID
US18-9174744
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
-
Five Palms Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.99M
Blend (final)
Blend
$14.99M
Owner & transaction history
Jp Vest LLC · 6 yrs held
Jp Vest LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$20.7M
+1.1%
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
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
HOTEL/MOTEL
$20,500,000
Current use
COMMERCIAL (GENERAL)
$20,715,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$14.99M
Range $13.49M – $16.49M · ±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
$13,578 / 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
$8,449
Tax year 2023
Assessed value
$497,690
Assessed 2023
Previous assessed
$432,926
+15.0% YoY
Effective rate
1.70%
On assessed value
Improvement market value
$497,690
Total market value
$497,690
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1951
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
1,104 SF
APN
05-29-15-27942-000-0105
UPID
US18-9174744
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
HOTEL/MOTEL Current
Est. value
$20.5M
COMMERCIAL (GENERAL)
Est. value
$20.7M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
1951
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Current owner
From public records · entity-resolved
Jp Vest LLC
Entity
Mailing address
3415 RIDERWOOD DR, RIDGE MANOR, FL 33523-9237
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2019
$100
Jp Vest LLC
James Wideen
Quit Claim Deed
related
—
Jul 2, 2019
$360,000
James Wideen
Folino,sergio
Warranty Deed
—
Sep 24, 2009
—
Federal Natl Mtg Assn Fnma
Aurora Ln Svcs LLC
Grant Deed
—
Sep 24, 2009
$150,600
Sergio Folino
Federal Natl Mtg Assn Fnma
Grant Deed
—
Sep 1, 2009
—
Aurora Ln Svcs LLC
Property Mgmt Assocs Coc
Trustees Deed
related
—
Dec 27, 2004
—
Property Mgmt Associates LLC
Young,sean
Quit Claim Deed
related
—
Jun 26, 2003
$272,500
Sean Young
Fenlon,kelly A
Grant Deed
$272,500 · Sib Mortgage Corp
Jan 9, 2001
$160,000
Kelly A Fenlon
Hussain,fida & Jayam K
Grant Deed
$128,016 · Seller
—
—
Kelly A Fenlon
—
Deed Of Trust
related
$144,000 · First Union National Bank
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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