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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Manufacturing properties
736 Wesley Ave Tarpon Springs, FL 34689-6710
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5058208
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2002
Construction
FRAME
Total area
4,300 SF
Lot
0.7 ac (30,361 SF)
APN
02-27-15-00978-000-0240
UPID
US18-5058208
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
-
Hi-Tech Industries, Inc Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$710k
Owner & transaction history
Gause Built Realty Holdings LLC · 8 yrs held
Gause Built Realty Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+32.8%
Warehouse, storage
$945,000
+25.8%
Retail stores
$880,000
+16.9%
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 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
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
INDUSTRIAL (GENERAL)
$750,000
Current use
OFFICE BUILDING
$1,000,000
Change: +33% · Conversion: Difficult
WAREHOUSE, STORAGE
$945,000
Change: +26% · Conversion: Easy
RETAIL STORES
$880,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$695,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$165 / 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
$7,197
Tax year 2023
Assessed value
$415,000
Assessed 2023
Previous assessed
$370,000
+12.2% YoY
Effective rate
1.73%
On assessed value
Land market value
$242,851
Improvement market value
$172,149
Total market value
$415,000
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
2002
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
1
Total area
4,300 SF
Lot
0.7 ac (30,361 SF)
APN
02-27-15-00978-000-0240
UPID
US18-5058208
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
INDUSTRIAL (GENERAL) Current
Est. value
$750,000
OFFICE BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$945,000
RETAIL STORES
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$695,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
2002
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Gause Built Realty Holdings LLC
Entity
Mailing address
728 WESLEY AVE STE #10, TARPON SPRINGS, FL 34689-6749
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
May 18, 2018
$425,000
Gause Built Realty Holdings LLC
Hi Tech Industries INC
Warranty Deed
$340,000 · Synovus Bank
Oct 12, 2004
$365,000
Hi-tech Industries INC
Cullen,pat J
Warranty Deed
$294,705 · Bank Of America
Mar 23, 2004
$240,000
Russell A Armitage
Cullen,pat J
Grant Deed
—
Feb 8, 1999
—
Pat J Cullen
—
Grant Deed
related
$150,000 · Florida Bank Of Commerce
Mar 2, 1998
$95,000
Pat J Cullen
Paul J Wikle Trustee
Grant Deed
$65,000 · Seller
—
—
Pat J Cullen
—
Deed Of Trust
related
$15,000 · Florida Bank Of Commerce
—
—
Pat J Cullen
—
Deed Of Trust
related
$20,000 · Florida Bank Of Commerce
—
—
Patrick J Cullen
—
Deed Of Trust
related
$132,669 · Florida Bank Of Commerce
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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