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Property profile & analytics
OFF-MARKET
Estimated value
$2,630,000
Apartment buildings
705 James St, Dunedin, FL 34698-7823
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-2509613
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
9,730 SF
Lot
0.55 ac (24,045 SF)
APN
34-28-15-00000-140-0300
UPID
US18-2509613
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$2.63M
Owner & transaction history
Mared Properties LLC · 10 yrs held
Mared Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.0M
+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)
$3,570,000
Current use
AUTO REPAIR, GARAGE
$4,030,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$2.63M
Range $2.37M – $2.89M · ±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
$14,272
Tax year 2023
Assessed value
$845,000
Assessed 2023
Previous assessed
$775,000
+9.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$422,621
Improvement market value
$422,379
Total market value
$845,000
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
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
10
Bathrooms
13
Total area
9,730 SF
Lot
0.55 ac (24,045 SF)
APN
34-28-15-00000-140-0300
UPID
US18-2509613
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
$3.6M
AUTO REPAIR, GARAGE
Est. value
$4.0M
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
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Units
10
Bathrooms
13
Lot
0.55 ac
Current owner
From public records · entity-resolved
Mared Properties LLC
Entity
Mailing address
1876 DEL ROBLES TER, CLEARWATER, FL 33764-6418
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2017
—
Mared Properties LLC
—
Deed
related
$460,000 · Gte FCU
Mar 28, 2016
—
Mared Properties LLC
Skupien,edward
Quit Claim Deed
related
—
Oct 7, 2015
$495,000
Edward Skupien
Golden Alley Real Estate Lllp
Warranty Deed
$374,000 · Gte FCU
Jan 24, 2013
—
East Bay Residential LLC
East Bay Capital INC
Quit Claim Deed
—
Dec 26, 2012
$345,000
Bluenose Properties 1 LLC
Triad Rentals INC
Warranty Deed
—
Apr 19, 2011
—
Triad Rentals INC
Finkle,larry
Quit Claim Deed
related
—
Jan 20, 2011
$2,500
Larry Finkle
Triad Rentals INC
Grant Deed
related
—
Aug 2, 1999
$414,700
Triad Rentals INC
Butler,fred C
Grant Deed
$162,500 · Seller
Dec 22, 1998
$310,000
Fred C Butler
All Around Your Home INC
Grant Deed
—
—
—
Triad Rentals INC
—
Deed Of Trust
related
$609,375 · World Savings
—
—
Golden Alley Real Estate Lllp
—
Deed Of Trust
related
$172,500 · Bay Cities Bank
—
—
Triad Rentals INC
—
Deed Of Trust
related
$603,750 · World Savings
—
—
Triad Rentals INC
—
Deed Of Trust
related
$300,000 · Regions Bank
—
—
Mared Properties LLC
—
Loan Modification
related
$460,000 · Gte FCU
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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