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Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Office buildings
737 Main St, Safety Harbor, FL 34695-3502
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3299918
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
CONCRETE BLOCKS
Total area
8,327 SF
Lot
0.94 ac (40,790 SF)
APN
03-29-16-96498-027-0080
UPID
US18-3299918
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
-
Davinci Meeting Rooms Marketing & Advertising Event Planning
-
OfficeWerks Coworking & Hybrid Office
-
Nelson Edward H CPA Accounting Firm Tax Preparation
-
Clearwater Counseling Center Counselor
-
EarthTonics™ (Bike/Boat/Book/etc) Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$2.87M
Owner & transaction history
Florida Business Development Corpor · 1 yrs held
Florida Business Development Corpor
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+136.3%
Auto repair, garage
$3.5M
+72.7%
Neighborhood: shopping center
$2.3M
+15.8%
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 Safety Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Safety 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
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
OFFICE BUILDING
$1,995,000
Current use
RESTAURANT
$4,715,000
Change: +136% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,450,000
Change: +73% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,310,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,105,000
Change: +5% · Conversion: Easy
RETAIL STORES
$1,840,000
Change: -8% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,830,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$2.87M
Range $2.58M – $3.16M · ±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
$345 / 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
$32,081
Tax year 2023
Assessed value
$1,850,000
Assessed 2023
Previous assessed
$1,725,000
+7.2% YoY
Effective rate
1.73%
On assessed value
Land market value
$1,246,252
Improvement market value
$603,748
Total market value
$1,850,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1963
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
4
Total area
8,327 SF
Lot
0.94 ac (40,790 SF)
APN
03-29-16-96498-027-0080
UPID
US18-3299918
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
OFFICE BUILDING Current
Est. value
$2.0M
RESTAURANT
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
RETAIL STORES
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
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
1963
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.94 ac
Current owner
From public records · entity-resolved
Florida Business Development Corpor
Entity
Free & Clear · 1 yrs held
Mailing address
737 MAIN ST, SAFETY HARBOR, FL 34695-3502
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
—
Florida Business Development Corpor
S&g Worldwide Corp
Deed
—
Nov 25, 2024
$3,200,000
Nakatomi Plaza LLC
737 Main Street LLC
Warranty Deed
$1,628,600 · Valley National Bank
Nov 7, 2018
$1,850,000
737 Main Street LLC
Candia Main Street LLC
Warranty Deed
$1,313,250 · Whitney Bank
Mar 1, 2017
$1,625,000
Candia Main Street LLC
Neyrey,rene
Warranty Deed
$1,300,000 · Usameribank
Jan 12, 2001
$582,000
Rene Neyrey
Sylvan Abbey Memorial Park
Grant Deed
$511,000 · Amsouth Bank
—
—
Rene Neyrey
—
Deed Of Trust
related
$392,825 · Amsouth Bank
—
—
Rene Neyrey
—
Deed Of Trust
related
$708,432 · 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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