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Property profile & analytics
OFF-MARKET
Estimated value
$17,055,000
Community centers
10500 Roosevelt N Blvd Saint Petersburg, FL 33716
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US18-3563771
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1990
Construction
CONCRETE BLOCKS
Total area
43,420 SF
Lot
9.95 ac (433,622 SF)
APN
18-30-17-30371-001-0030
UPID
US18-3563771
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
-
Arian Garage Door Repair Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.05M
Blend (final)
Blend
$17.06M
Owner & transaction history
Fwi 8 LLC · 25 yrs held
Fwi 8 LLC
since 2000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$26.7M
+93.1%
Commercial (general)
$26.1M
+88.9%
Auto repair, garage
$15.2M
+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
$13,805,000
Current use
RESTAURANT
$26,655,000
Change: +93% · Conversion: Difficult
COMMERCIAL (GENERAL)
$26,075,000
Change: +89% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,155,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$12,905,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$17.06M
Range $15.35M – $18.76M · ±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
$393 / 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
$202,162
Tax year 2023
Assessed value
$10,180,000
Assessed 2023
Previous assessed
$9,740,000
+4.5% YoY
Effective rate
1.99%
On assessed value
Land market value
$3,741,191
Improvement market value
$6,438,809
Total market value
$10,180,000
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
1990
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Bathrooms
31
Total area
43,420 SF
Lot
9.95 ac (433,622 SF)
APN
18-30-17-30371-001-0030
UPID
US18-3563771
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
$13.8M
RESTAURANT
Est. value
$26.7M
COMMERCIAL (GENERAL)
Est. value
$26.1M
AUTO REPAIR, GARAGE
Est. value
$15.2M
OFFICE BUILDING
Est. value
$12.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1990
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
31
Lot
9.95 ac
Current owner
From public records · entity-resolved
Fwi 8 LLC
Entity
Mailing address
2120 DREW ST, CLEARWATER, FL 33765-3214
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2020
—
Fwi 8 LLC
—
Deed
related
$6,800,000 · Miscellaneous Ins Co
Dec 26, 2000
$8,350,000
Fwi 8 LLC
Principal Life Insurance Co
Grant Deed
$6,800,000 · Ubs Warburg Real Estate Inv
—
—
Fwi 8 LLC
—
Loan Modification
related
$6,800,000 · Miscellaneous Ins 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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