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Property profile & analytics
OFF-MARKET
Estimated value
$100,995,000
Commercial land
862 Bayway Blvd Clearwater, FL 33767-2613
Entity Owned
15-yr Hold
Free & Clear
Property ID
US18-7560345
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1964
Total area
3,882 SF
Lot
0.17 ac (7,200 SF)
APN
17-29-15-05058-004-0160
UPID
US18-7560345
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
$101.00M
Blend (final)
Blend
$101.00M
Owner & transaction history
Rnss Investments LLC · 15 yrs held
Rnss Investments LLC
since 2010
5 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 Clearwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clearwater 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
Blend value · Realmo final
$101.00M
Range $90.90M – $111.09M · ±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
$26,016 / 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
$9,438
Tax year 2023
Assessed value
$489,600
Assessed 2023
Previous assessed
$459,000
+6.7% YoY
Effective rate
1.93%
On assessed value
Land market value
$489,600
Total market value
$489,600
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1964
Heating
YES
Cooling
YES
Stories
2
Bathrooms
8
Total area
3,882 SF
Lot
0.17 ac (7,200 SF)
APN
17-29-15-05058-004-0160
UPID
US18-7560345
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
1964
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
8
Lot
0.17 ac
Current owner
From public records · entity-resolved
Rnss Investments LLC
Entity
Free & Clear · 15 yrs held
Mailing address
50 BAHAMA CIR, TAMPA, FL 33606-3318
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2010
—
Rnss Investments LLC
Azur Devs LLC Coc
Trustees Deed
related
—
Apr 30, 2008
$850,000
Azur Developments LLC
Synovus Bank Of Tampa Bay
Warranty Deed
$837,500 · Synovus Bank Of Tampa Bay
Aug 10, 2007
—
Synovus Bank Of Tampa Bay
Regatta Bay Of Clearwater Coc
Trustees Deed
related
—
Sep 1, 2005
$2,000,000
Regatta Bay Of Clearwater LLC
Hamilton Family Trust
Warranty Deed
$1,400,000 · Synovus Bank Of Tampa Bay
—
—
Robert G Hamilton
—
Deed Of Trust
related
$24,422 · Suntrust Bank NA
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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