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Property profile & analytics
OFF-MARKET
Estimated value
$22,315,000
Community centers
1050 58th N St Saint Petersburg, FL 33710-6327
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3491491
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1957
Construction
CONCRETE BLOCKS
Total area
49,410 SF
Lot
16.33 ac (711,204 SF)
APN
17-31-16-92940-001-0010
UPID
US18-3491491
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
-
NCCS Drop Box Only Charitable Organization
-
TNT FIREWORKS TYRONE GARDENS! (Bike/Boat/Book/etc) Store
-
Tyrone Gardens Shopping Center & Mall
-
Blue Rhino Propane Exchange Propane Supplier
-
Primo Water Refill & Exchange Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.31M
Blend (final)
Blend
$22.32M
Owner & transaction history
Newsem Tyrone Gardens Property Owne · 20 yrs held
Newsem Tyrone Gardens Property Owne
since 2006
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$30.3M
+93.1%
Commercial (general)
$29.7M
+88.9%
Auto repair, garage
$17.2M
+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
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
NEIGHBORHOOD: SHOPPING CENTER
$15,710,000
Current use
RESTAURANT
$30,335,000
Change: +93% · Conversion: Difficult
COMMERCIAL (GENERAL)
$29,670,000
Change: +89% · Conversion: Easy
AUTO REPAIR, GARAGE
$17,245,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,025,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$22.32M
Range $20.08M – $24.55M · ±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
$452 / 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
$262,881
Tax year 2023
Assessed value
$13,320,000
Assessed 2023
Previous assessed
$13,075,000
+1.9% YoY
Effective rate
1.97%
On assessed value
Land market value
$4,446,316
Improvement market value
$8,873,684
Total market value
$13,320,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1957
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
11
Stories
1
Bathrooms
52
Total area
49,410 SF
Lot
16.33 ac (711,204 SF)
APN
17-31-16-92940-001-0010
UPID
US18-3491491
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
$15.7M
RESTAURANT
Est. value
$30.3M
COMMERCIAL (GENERAL)
Est. value
$29.7M
AUTO REPAIR, GARAGE
Est. value
$17.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1957
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
11
Bathrooms
52
Lot
16.33 ac
Current owner
From public records · entity-resolved
Newsem Tyrone Gardens Property Owne
Entity
Free & Clear · 20 yrs held
Mailing address
500 E BROWARD BLVD STE #1130, FT LAUDERDALE, FL 33394-3022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
May 11, 2009
—
Tyrone Gardens Prop Own Newsem
—
Grant Deed
related
$9,240,000 · J P Morgan Chase Com'l Mtg Sec
Jun 22, 2006
$19,000,000
Newsem Tyrone Gardens Property Owne
Tyrone Gardens LLC
Special Warranty Deed
—
Feb 17, 2004
$12,000,000
Tyrone Gardens LLC
Fai Tyrone LLC
Grant Deed
related
$9,240,000 · Cibc INC
Dec 30, 1998
$8,175,000
Fai Tyrone LLC
Cg-gulf Property Assoc LP
Trustees Deed
—
—
—
Fai Tyrone LLC
—
Deed Of Trust
related
$9,000,000 · Protective Life Insurance Co
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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