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Property profile & analytics
OFF-MARKET
Estimated value
$22,510,000
Strip malls
700 Lk Rd Palm Harbor, FL 34685-2453
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3839885
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Construction
CONCRETE BLOCKS
Total area
34,860 SF
Lot
3.76 ac (163,929 SF)
APN
09-28-16-81210-000-0030
UPID
US18-3839885
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
CVS Pharmacy Pharmacy
-
UPS Access Point location Courier Service Postal Service
-
CVS Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$22.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.51M
Owner & transaction history
Cl Shoppes Of Boot Ranch Fl LLC · 2 yrs held
Cl Shoppes Of Boot Ranch Fl LLC
since 2024
Last sale
$22.5M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.7M
+124.5%
Restaurant
$19.7M
+104.1%
Auto repair, garage
$14.4M
+49.2%
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 Palm Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Harbor 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
$22,510,000
ML approach
$22,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$21,730,000
Change: +125% · Conversion: Easy
RESTAURANT
$19,745,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,435,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$22.51M
Range $20.26M – $24.76M · ±10% · vs last sale $22.51M (Mar 7 2024)
Last sale anchor
$22.51M
Mar 7 2024
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
$646 / 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
$144,102
Tax year 2023
Assessed value
$7,670,000
Assessed 2023
Previous assessed
$7,670,000
+0.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$3,301,760
Improvement market value
$4,368,240
Total market value
$7,670,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1990
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
13
Total area
34,860 SF
Lot
3.76 ac (163,929 SF)
APN
09-28-16-81210-000-0030
UPID
US18-3839885
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
COMMERCIAL (GENERAL)
Est. value
$21.7M
RESTAURANT
Est. value
$19.7M
AUTO REPAIR, GARAGE
Est. value
$14.4M
COMMERCIAL (GENERAL)
RESTAURANT
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
1990
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
13
Lot
3.76 ac
Current owner
From public records · entity-resolved
Cl Shoppes Of Boot Ranch Fl LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3300 ENTERPRISE PKWY, BEACHWOOD, OH 44122-7200
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
$22,510,400
Cl Shoppes Of Boot Ranch Fl LLC
Site Centers Corp
Special Warranty Deed
—
May 12, 1995
$5,155,000
Developers Diversified Realty Corp
Rosewood Prop INC
Warranty 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.
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