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Property profile & analytics
OFF-MARKET
Estimated value
$4,705,000
Apartment buildings
131 41st N Ave Saint Petersburg, FL 33703-4860
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-5435099
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
CONCRETE BLOCKS
Total area
30,774 SF
Lot
0.9 ac (39,204 SF)
APN
06-31-17-88866-001-0070
UPID
US18-5435099
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
-
The Pearl on First Apartments Apartment Building
-
K9 Kake Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.71M
Blend (final)
Blend
$4.71M
Owner & transaction history
The Pearl On First LLC · 11 yrs held
The Pearl On First LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.4M
+22.1%
Retail stores
$7.3M
+19.5%
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
APARTMENT HOUSE (5+ UNITS)
$6,080,000
Current use
WAREHOUSE, STORAGE
$7,425,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$7,265,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$4.71M
Range $4.23M – $5.18M · ±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
$153 / 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
$66,843
Tax year 2023
Assessed value
$3,800,000
Assessed 2023
Previous assessed
$3,425,000
+10.9% YoY
Effective rate
1.76%
On assessed value
Land market value
$755,655
Improvement market value
$3,044,345
Total market value
$3,800,000
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
1975
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
32
Bathrooms
38
Total area
30,774 SF
Lot
0.9 ac (39,204 SF)
APN
06-31-17-88866-001-0070
UPID
US18-5435099
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
$6.1M
WAREHOUSE, STORAGE
Est. value
$7.4M
RETAIL STORES
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS) Current
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
1975
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
3
Units
32
Bathrooms
38
Lot
0.9 ac
Current owner
From public records · entity-resolved
The Pearl On First LLC
Entity
Mailing address
2852 20TH AVE N, SAINT PETERSBURG, FL 33713-4238
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Apr 30, 2019
—
Pearl On First LLC
—
Deed
related
$2,551,749 · Berkadia Com'l Mtg
Mar 12, 2015
$1,450,000
The Pearl On First LLC
Carr Apartments LLC
Warranty Deed
$1,150,000 · Cornerstone Community Bank
May 2, 2014
—
Carr Apartments LLC
Black S E C Living Trust
Quit Claim Deed
related
—
Jan 2, 2013
—
Black Sara E C Living Trust
Black,sara C
Quit Claim Deed
related
—
Mar 21, 2006
—
Black Sara E C Trust
Black,sara C
Quit Claim Deed
—
Aug 26, 2005
—
Nancy C Rucker
Carr R F Trust
Grant Deed
related
—
—
—
Pearl On First LLC
—
Loan Modification
related
$2,551,749 · Berkadia Com'l Mtg
—
—
Pearl On First LLC
—
Deed Of Trust
related
$2,716,296 · Achieva 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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