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Property profile & analytics
OFF-MARKET
Estimated value
$4,650,000
Strip malls
10195 Bay Pnes Blvd Saint Petersburg, FL 33708-3139
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6016037
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2015
Construction
CONCRETE BLOCKS
Total area
9,072 SF
Lot
2.32 ac (101,260 SF)
APN
03-31-15-00000-140-0100
UPID
US18-6016037
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
$4.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$4.65M
Owner & transaction history
Cl Shops At Bay Pines Fl LLC · 1 yrs held
Cl Shops At Bay Pines Fl LLC
since 2024
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+93.1%
Apartment house (5+ units)
$4.9M
+68.6%
Auto repair, garage
$3.2M
+9.8%
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 Saint Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Petersburg 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
$4,650,000
ML approach
$4,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,885,000
Current use
RESTAURANT
$5,570,000
Change: +93% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,865,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,165,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$4.65M
Range $4.19M – $5.12M · ±10% · vs last sale $4.65M (Oct 3 2024)
Last sale anchor
$4.65M
Oct 3 2024
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
$513 / 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
$26,718
Tax year 2023
Assessed value
$1,850,000
Assessed 2023
Previous assessed
$1,850,000
+0.0% YoY
Effective rate
1.44%
On assessed value
Land market value
$517,819
Improvement market value
$1,332,181
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2015
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
7
Total area
9,072 SF
Lot
2.32 ac (101,260 SF)
APN
03-31-15-00000-140-0100
UPID
US18-6016037
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.9M
RESTAURANT
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2015
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
7
Lot
2.32 ac
Current owner
From public records · entity-resolved
Cl Shops At Bay Pines Fl LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3300 ENTERPRISE PKWY STE #400, BEACHWOOD, OH 44122-7200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
$4,650,000
Cl Shops At Bay Pines Fl LLC
Ke Bay Pines Op3 LLC
Special Warranty Deed
—
Oct 2, 2014
—
Ke Bay Pines Op1 LLC
Key Bay Pines Properties LLC
Grant Deed
—
Aug 22, 2013
$8,000,000
Wal-mart Stores East LP
Ke Bay Pines Props LLC
Grant Deed
—
Mar 18, 2013
$2,800,000
Kb Home Tampa LLC
Ke Bay Pines Properties LLC
Grant Deed
—
Feb 22, 2013
—
City Of Seminole
Ke Bay Pines Properties LLC
Grant Deed
related
—
Apr 18, 2012
$7,920,000
Northwestern Mutual Life Insur
Ke Bay Pines Properties LLC
Grant Deed
—
Aug 19, 2010
$7,650,000
Ke Bay Pines Properties LLC
Rc Properties IV LLC
Grant Deed
$250,000 · Rc Properties IV LLC
Aug 16, 2010
$7,650,000
Ke Bay Pines Properties LLC
Rc Properties LLC IV
Grant Deed
$250,000 · Rc Properties IV LLC
Dec 30, 2008
—
Rc Properties IV LLC
Owner,record
Grant Deed
related
—
May 16, 2006
$38,500,000
Bay Pines
Bickley Ernest J Trust
Trustees Deed
$41,143,824 · Rp Bay Pines Funding LLC
Apr 28, 2006
—
Bickley E J Trust
Bahama Winds Of Seminole Madeira
Quit Claim Deed
related
—
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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