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Property profile & analytics
OFF-MARKET
Estimated value
$26,215,000
Hotels
1200 34th N St Saint Petersburg, FL 33713-5434
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3164738
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2000
Construction
CONCRETE BLOCKS
Total area
73,225 SF
Lot
3.42 ac (148,953 SF)
APN
15-31-16-57272-001-0010
UPID
US18-3164738
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
-
St Pete Towing and Auto Repair Auto Repair Shop
-
fort de soto Family Recreation Center
-
Skyway Auto Repairs Auto Repair Shop
-
Campbell Mercedes Repair Auto Repair Shop
-
Holiday Inn St. Petersburg West, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.22M
Owner & transaction history
Reit 1200 LLC · 2 yrs held
Reit 1200 LLC
since 2023
Last sale
$18.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$22,935,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.22M
Range $23.59M – $28.84M · ±10% · vs last sale $18.75M (Nov 21 2023)
Last sale anchor
$18.75M
Nov 21 2023
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
$358 / 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
$198,587
Tax year 2023
Assessed value
$10,000,000
Assessed 2023
Previous assessed
$10,100,000
-1.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$1,117,605
Improvement market value
$8,882,395
Total market value
$10,000,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2000
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
4
Units
129
Bathrooms
130
Total area
73,225 SF
Lot
3.42 ac (148,953 SF)
APN
15-31-16-57272-001-0010
UPID
US18-3164738
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
Building & site characteristics
From public records
Year built
2000
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
4
Units
129
Bathrooms
130
Lot
3.42 ac
Current owner
From public records · entity-resolved
Reit 1200 LLC
Entity
Mailing address
550 E DEVON AVE STE #110, ITASCA, IL 60143-2637
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
$18,750,000
Reit 1200 LLC
Jay & Vivek Fl LLC
Special Warranty Deed
$12,915,000 · Optimumbank
Nov 23, 2021
$11,800,000
Jay & Vivek Fl LLC
H St Pete LLC
Special Warranty Deed
$7,670,000 · Legence Bank
Sep 14, 2018
—
H St Pete LLC
—
Deed
related
$1,200,000 · Midflorida Cu
Jan 26, 2017
—
H St Pete LLC
—
Deed
related
$7,500,000 · Midflorida FCU
Aug 19, 2015
$9,000,000
H St Pete LLC
Menna Brothers Number Two INC
Grant Deed
$7,500,000 · Private Individual
—
—
Menna Brothers 2 INC
—
Deed Of Trust
related
$4,065,000 · Midflorida FCU
—
—
H St Pete LLC
—
Deed Of Trust
related
$7,500,000 · Midflorida FCU
—
—
H St Pete LLC
—
Deed Of Trust
related
$1,200,000 · Midflorida Cu
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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