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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Manufacturing properties
735 Wesley Ave Tarpon Springs, FL 34689-6711
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2726965
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Construction
FRAME
Total area
7,154 SF
Lot
0.51 ac (22,076 SF)
APN
02-27-15-00978-000-0100
UPID
US18-2726965
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
-
Deep Blue Marine Products Inc Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$805k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Wesley Re LLC · 5 yrs held
Wesley Re LLC
since 2021
Last sale
$702,500
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Tarpon Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tarpon Springs 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
$720,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$805,000
7%
$750,000
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $703k (Jan 13 2021)
Last sale anchor
$703k
Jan 13 2021
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
$103 / 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
$11,322
Tax year 2023
Assessed value
$605,000
Assessed 2023
Previous assessed
$548,000
+10.4% YoY
Effective rate
1.87%
On assessed value
Land market value
$198,223
Improvement market value
$406,777
Total market value
$605,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
4
Total area
7,154 SF
Lot
0.51 ac (22,076 SF)
APN
02-27-15-00978-000-0100
UPID
US18-2726965
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
Building & site characteristics
From public records
Year built
2005
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.51 ac
Current owner
From public records · entity-resolved
Wesley Re LLC
Entity
Free & Clear · 5 yrs held
Mailing address
100 S BELCHER RD UNIT #4603, CLEARWATER, FL 33758-8824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2021
$702,500
Wesley Re LLC
Bokova Industrial Center INC
Grant Deed
—
Jun 9, 2011
—
Bokova Industrial Center INC
Vhp Ents INC
Grant Deed
—
Jul 21, 2004
—
Vhp Ents INC
—
Trustees Deed
related
$259,000 · Bank Of America
May 21, 2003
—
V H P Enterprises INC
Jim Dreher INC
Grant Deed
related
—
Oct 24, 2002
$11,071
Jim Dreher INC
Cullen,patrick J
Grant Deed
$62,500 · Peoples Bank & Trust
—
—
Patrick J Cullen
—
Deed Of Trust
related
$36,000 · Florida Bank Of Commerce
—
—
Bokova Industrial Center INC
—
Loan Modification
related
$353,466 · Regions Bk
—
—
Vhp Ents INC
—
Deed Of Trust
related
$524,000 · Regions 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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