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Property profile & analytics
OFF-MARKET
Estimated value
$23,335,000
Assisted living facilities
125 56th S Ave Saint Petersburg, FL 33705-5400
Entity Owned
Free & Clear
Property ID
US18-5134059
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2009
Construction
CONCRETE BLOCKS
Total area
60,586 SF
Lot
23.72 ac (1,033,335 SF)
APN
07-32-17-02235-001-0010
UPID
US18-5134059
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
-
Westminster Shores Retirement Community
-
Westminster Home Care Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.33M
Blend (final)
Blend
$23.34M
Owner & transaction history
WESTMINSTER SHORES INC
WESTMINSTER SHORES INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$37.2M
+127.0%
Commercial (general)
$36.4M
+122.1%
Apartment house (5+ units)
$22.2M
+35.2%
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$16,380,000
Current use
RESTAURANT
$37,195,000
Change: +127% · Conversion: Difficult
COMMERCIAL (GENERAL)
$36,385,000
Change: +122% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$22,150,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,145,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,265,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$18,005,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,615,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$23.34M
Range $21.00M – $25.67M · ±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
$385 / 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
$892,180
Tax year 2023
Assessed value
$57,000,000
Assessed 2023
Previous assessed
$53,800,000
+5.9% YoY
Effective rate
1.57%
On assessed value
Land market value
$9,220,320
Improvement market value
$47,779,680
Total market value
$57,000,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2009
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
48
Stories
5
Units
20
Bathrooms
456
Total area
60,586 SF
Lot
23.72 ac (1,033,335 SF)
APN
07-32-17-02235-001-0010
UPID
US18-5134059
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$16.4M
RESTAURANT
Est. value
$37.2M
COMMERCIAL (GENERAL)
Est. value
$36.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.2M
AUTO REPAIR, GARAGE
Est. value
$21.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.3M
OFFICE BUILDING
Est. value
$18.0M
WAREHOUSE, STORAGE
Est. value
$14.6M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2009
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
5
Buildings
48
Units
20
Bathrooms
456
Lot
23.72 ac
Current owner
From public records · entity-resolved
WESTMINSTER SHORES INC
Entity
Free & Clear · 0 yrs held
Mailing address
80 W LUCERNE CIR, ORLANDO, FL 32801-3779
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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