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Property profile & analytics
OFF-MARKET
Estimated value
$2,345,000
Apartment buildings
111 Madison N Cir Saint Petersburg, FL 33703-1356
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4209849
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
11,997 SF
Lot
0.34 ac (14,854 SF)
APN
31-30-17-61146-013-0070
UPID
US18-4209849
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
$1.70M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$2.35M
Owner & transaction history
111 Sw Madison LLC · 6 yrs held
111 Sw Madison LLC
since 2020
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.8M
+60.9%
Office building
$3.6M
+50.4%
Warehouse, storage
$2.9M
+22.1%
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%
$1,840,000
6.5%
$1,700,000
7%
$1,575,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,370,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,815,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$3,565,000
Change: +50% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,895,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$2,830,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.11M – $2.58M · ±10% · vs last sale $2.25M (Mar 3 2020)
Last sale anchor
$2.25M
Mar 3 2020
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
$195 / 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
$39,717
Tax year 2023
Assessed value
$2,000,000
Assessed 2023
Previous assessed
$1,965,000
+1.8% YoY
Effective rate
1.99%
On assessed value
Land market value
$523,176
Improvement market value
$1,476,824
Total market value
$2,000,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Stories
3
Units
21
Bathrooms
21
Total area
11,997 SF
Lot
0.34 ac (14,854 SF)
APN
31-30-17-61146-013-0070
UPID
US18-4209849
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1974
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
3
Units
21
Bathrooms
21
Lot
0.34 ac
Current owner
From public records · entity-resolved
111 Sw Madison LLC
Entity
Mailing address
1 SADDLE LN, ROSLYN HEIGHTS, NY 11577-2727
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2020
$2,250,000
111 Sw Madison LLC
Bay Properties One LLC
Warranty Deed
$1,672,000 · Cbre Cap Markets
Nov 15, 2017
$1,300,000
Bay Properties One LLC
Zhu,zhengchang
Warranty Deed
$850,000 · Zhengchang Zhu
Jan 31, 2013
$675,000
Zhengchang Zhu
Hampton Bay Apartments INC
Warranty Deed
—
Dec 2, 2011
—
Hampton Bay Apts INC
Tcb Fast INC
Quit Claim Deed
related
—
Nov 8, 2011
—
Tcb Fast INC
Hampton Court LLC
Quit Claim Deed
related
—
Oct 5, 2006
$950,000
Hampton Court LLC
North Star Deferred Exchange Corp
Warranty Deed
$910,000 · Swift Funding Corp
Sep 11, 2006
—
111 Sw Madison North LLC
Prima Casa LLC
Quit Claim Deed
related
—
Aug 29, 2006
—
Prima Casa LLC
Prima Casa INC
Quit Claim Deed
related
$620,000 · Swift Funding Corp
Jan 31, 1997
$300,000
Prima Casa INC
Spiegel,richard C
Grant Deed
$260,000 · Seller
Jan 23, 1997
—
Richard C Spiegel
Johnson,harold C
Trustees 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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