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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Bars & Pubs
1049 Central Ave Saint Petersburg, FL 33705-1648
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-9244035
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1931
Construction
CONCRETE BLOCKS
Total area
1,595 SF
Lot
0.04 ac (1,681 SF)
APN
24-31-16-14544-000-1020
UPID
US18-9244035
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
$746k
Blend (final)
Blend
$745k
Owner & transaction history
Eastman Entertainment LLC · 3 yrs held
Eastman Entertainment LLC
since 2023
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$960,000
+99.2%
Auto repair, garage
$555,000
+15.8%
Neighborhood: shopping center
$505,000
+5.5%
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
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
NIGHTCLUB (COCKTAIL LOUNGE)
$480,000
Current use
COMMERCIAL (GENERAL)
$960,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$555,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$475,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$467 / 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
$18,270
Tax year 2023
Assessed value
$920,000
Assessed 2023
Previous assessed
$556,000
+65.5% YoY
Effective rate
1.99%
On assessed value
Land market value
$630,418
Improvement market value
$289,582
Total market value
$920,000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1931
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
3
Total area
1,595 SF
Lot
0.04 ac (1,681 SF)
APN
24-31-16-14544-000-1020
UPID
US18-9244035
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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$505,000
OFFICE BUILDING
Est. value
$475,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1931
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Eastman Entertainment LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
—
Eastman Entertainment LLC
Eb 1049 Central LLC
Lease
—
Oct 17, 2022
$1,100,000
Eb 1049 Central LLC
1049 Central Avenue LLC
Warranty Deed
—
Oct 16, 2018
—
Ee 900 1st Ave Holdings LLC
—
Loan Modification
related
$3,287,500 · Graciemax INC
Jun 17, 2016
$499,800
1049 Central Ave LLC
Louis Albano
Warranty Deed
$380,000 · Sunshine Bank
Jun 30, 2008
$175,000
Louis Albano
Tatum,joseph W
Warranty Deed
$172,000 · Joseph W Tatum
—
—
Louis Albano
—
Deed Of Trust
related
$8,000 · John W Tatum
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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