Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    880 Patricia Ave Dunedin, FL 34698-6072
    Back to Search
    Property profile & analytics

    880 Patricia Ave, Dunedin, FL 34698-6072

    View on Map
    • Assisted living facilities
    • 70,500 SF
    • 3.00 lot acres
    Off-Market
    Last Sale Sep 16, 2022
    $26,500,000
    Property ID
    US18-4336666
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $26,995,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Lakes of Dunedin / Nursing Home / Retirement Community

    Property Details for 880 Patricia Ave

    Year built
    1987
    Construction
    CONCRETE BLOCKS
    Lot size
    3.00 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    26-28-15-00000-330-0100
    APU
    262815000003300100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 15, 2022 — Inspired Senior Living Of Pinellas Vs Pinellas Park LLC Re-recorded Document · related —
    Sep 16, 2022 $26,500,000 Inspired Senior Living Of Duned Vs Dunedin LLC Special Warranty Deed $15.7M · Lakeland Bank
    May 22, 2019 — Vs Dunedin LLC — Deed · related —
    Jan 6, 2016 $4,100,000 Vs Dunedin LLC Brea Dunedin LLC Grant Deed $33.2M · Private Individual
    Jun 6, 2011 — Brea Dunedin LLC — Deed Of Trust · related $220M · General Electric Capital Corp
    Dec 12, 2006 $3,675,000 Brea Dunedin LLC Pita General Corp Deed Of Trust $167M · General Electric Capital Corp
    Aug 3, 1999 $3,796,000 Pita General Corp Manor Care Of Dunedin INC Grant Deed $3.8M · First National Bk Chicago Ttee

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $27,990,000

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $19,520,000
      Current use
      COMMERCIAL (GENERAL)
      $43,945,000
      Change: +125% Conversion: Difficult
      RESTAURANT
      $39,935,000
      Change: +105% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $29,195,000
      Change: +50% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $25,860,000
      Change: +32% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $19,570,000
      Change: +0% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dunedin
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7763
    Latitude
    28.0153
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $86,139
    $0.00
    $0.00
    $4,915,000
    -
    $918,874
    $3,996,126
    $4,915,000

    Comparable in this City

    • Value Estimation by Request
      312,155 SF

      700 Mease Plz

      HOMES (RETIRED, NURSING)
      700 Mease Plz, Dunedin, FL 34698-6680
      View Details
    • Value Estimation
      $8,125,000
      20,470 SF

      603 Virginia St

      HOMES (RETIRED, NURSING)
      603 Virginia St, Dunedin, FL 34698-6613
      View Details
    • Value Estimation
      $5,325,000
      15,712 SF

      1585 Curlew Rd

      HOMES (RETIRED, NURSING)
      1585 Curlew Rd, Dunedin, FL 34698-1922
      View Details
    • Value Estimation
      $2,305,000
      9,908 SF

      1059 Virginia St

      HOMES (RETIRED, NURSING)
      1059 Virginia St, Dunedin, FL 34698-7326
      View Details
    • Value Estimation
      $685,000
      3,128 SF

      1722 Curlew Rd

      HOMES (RETIRED, NURSING)
      1722 Curlew Rd, Dunedin, FL 34698-9216
      View Details
    • Value Estimation
      $4,935,000
      12,430 SF

      3175 Belcher Rd

      HOMES (RETIRED, NURSING)
      3175 Belcher Rd, Dunedin, FL 34698-9400
      View Details

    Similar Nearby for Sale

    • $3,625,000
      4,236 SF

      Downtown Dunedin Commercial Opportunity

      Two-story building in downtown Dunedin near shops and restaurants.
      220 Scotland St, Dunedin, FL 34698
      View Details
    • $155,000

      Dunedin 55+ Community Residence

      Charming 2BR/2BA in desirable Dunedin 55+ community.
      200 Glennes Ln, Dunedin, FL 34698
      View Details
    • Contact for pricing
      1,004 SF

      Dunedin Condo in 55+ Community

      Cozy condo in vibrant 55+ community near downtown Dunedin.
      820 Virginia St, Dunedin, FL 34698
      View Details
    • Contact for pricing
      4,236 SF

      Dunedin Downtown Core Opportunity

      Two-story building in downtown Dunedin near shops and restaurants.
      220 Scotland St, Dunedin, FL 34698
      View Details
    • $1,100,000
      5,987 SF

      Prime Dunedin Office Building

      Spacious Office, High ROI Potential
      1022 Main St, Dunedin, FL 34698
      View Details

    Similar Nearby for Lease

    • $120,000
      4,680 SF

      Dunedin Commercial Space For Lease

      Two-story commercial building in downtown Dunedin, suitable for various uses.
      220 Scotland St, Dunedin, FL 34698
      View Details
    • $120,000

      Downtown Dunedin Multi-Use Building

      Two-story building in downtown Dunedin, suitable for various uses.
      220 Scotland St, Dunedin, FL 34698
      View Details
    • Contact for pricing

      Dunedin Standalone Building For Lease

      6,152 sqft standalone building on busy Bayshore Blvd in Dunedin.
      2046 Bayshore Blvd, Dunedin, FL 34698
      View Details
    • $20 SF/Yr
      9,760 SF

      Dunedin Office Space For Rent

      9760 SF office space available in thriving Dunedin community.
      1550 Main St, Dunedin, FL 34698
      View Details
    • $180,000
      28,314 SF

      Dunedin Vintage Carriage House

      Unique carriage house in the heart of Dunedin.
      1040 Broadway, Dunedin, FL 34698
      View Details
    • Contact for pricing
      1,301 SF

      Retail Space in Dunedin, FL

      Retail space available in Dunedin, with high traffic and visibility.
      902-938 Curlew Rd, Dunedin, FL 34698
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    880 Patricia Ave
    Dunedin, FL 34698-6072
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    880 Patricia Ave, Dunedin, FL, 34698
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!