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Property profile & analytics
FOR SALE
Strip malls
10625 1St St E, Treasure Island, FL 33706
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3482630
For Sale
1 / 9
$2,250,000
10625 1St St E, Treasure Island, FL 33706
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Construction
CONCRETE BLOCKS
Total area
9,603 SF
Lot
0.31 ac (13,329 SF)
APN
23-31-15-91818-011-0010
UPID
US18-3482630
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
$2.74M
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$2.74M
Owner & transaction history
Allen Island Properties LLC · 2 yrs held
Allen Island Properties LLC
since 2024
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.6M
+17.8%
Auto repair, garage
$3.4M
+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 Treasure Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Treasure Island 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
$2,735,000
ML approach
$2,735,000
CAP Approach
CAP Return
Estimation
6%
$1,780,000
6.5%
$1,640,000
7%
$1,525,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,055,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,595,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,350,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$2,855,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$2.74M
Range $2.46M – $3.01M · ±10% · vs last sale $2.73M (Mar 1 2024)
Last sale anchor
$2.73M
Mar 1 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
$285 / 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
$19,169
Tax year 2023
Assessed value
$1,165,000
Assessed 2023
Previous assessed
$1,165,000
+0.0% YoY
Effective rate
1.65%
On assessed value
Land market value
$676,846
Improvement market value
$488,154
Total market value
$1,165,000
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
For Sale
Year built
1959
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
3
Total area
9,603 SF
Lot
0.31 ac (13,329 SF)
APN
23-31-15-91818-011-0010
UPID
US18-3482630
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
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
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
1959
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.31 ac
Current owner
From public records · entity-resolved
Allen Island Properties LLC
Entity
Mailing address
5799 100TH WAY N, ST PETERSBURG, FL 33708-3444
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
$2,734,000
Allen Island Properties LLC
Florida Enterprise Group INC
Warranty Deed
$4,225,000 · Live Oak Banking Company
Jan 3, 2022
$1,200,000
Florida Enterprise Group INC
Bogala Incorporated
Warranty Deed
$1,100,000 · Gary Melvin
May 21, 2012
$251,100
Bogala INC
Siepak,alice
Warranty Deed
—
Jan 7, 2004
$1,150,000
Boguslaw Siepak
Tarqua Holdings INC
Grant Deed
$200,000 · United Bank Of The Gulf Coast
Jul 19, 1999
$500,000
Tarqua Holdings INC
Archerd Trust
Grant Deed
related
$400,000 · Seller
—
—
Tarqua Holdings INC
—
Deed Of Trust
related
$35,000 · United Bank & Trust Co
—
—
Tarqua Holdings INC
—
Deed Of Trust
related
$517,100 · Bank Of America
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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