Entity Owned Property summary
AI-generated overview
This single-tenant industrial property in Pinellas County offers 19,000 square feet of warehouse space within a larger 39,782 square foot building on a 4.37-acre lot. Built in 1988, the one-story building features a 25-foot clear height ceiling, ideal for various storage and distribution needs. The space includes an existing racking system, simplifying immediate operational setup. Two loading doors and a dock-well ensure efficient loading and unloading. Security is enhanced by a 24-hour access system and a comprehensive security system. The warehouse also boasts climate control, a light office area, and a small, clean quality control sampling room. Power is supplied by 208v 3-phase electric service, and a backup generator provides added reliability. A significant advantage is the inclusion of a 4,000 square foot secure vault, perfect for high-value inventory or sensitive materials. The property is zoned CG. This well-equipped warehouse presents a unique opportunity for businesses seeking efficient and secure storage and distribution capabilities in a prime Pinellas County location.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1988
Construction
STEEL FRAME
Total area
39,782 SF
Lot
4.37 ac (190,497 SF)
APN
05-30-16-49968-000-0030
UPID
US18-4781097
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hardware & Home Improvement Furniture & Home Goods
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.46M
CAP Approach
CAP
$4.49M
Comparable Approach
Comparable
$6.02M
Blend (final)
Blend
$7.46M
Owner & transaction history
since 2024
Last sale
$7.5M
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Commercial (general)
$9.7M
+8.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.46M
Value range
$6.71M – $8.21M
±10% around blend
Estimated value / SF
$188 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$6.71M
blend $7.46M
$8.21M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
39,782 SF
Lot area
4.37 ac
Year built
1988
Stories
1
APN
05-30-16-49968-000-0030
Assessed value
$3,290,000
Annual tax
$62,218
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.49M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.87M
@ 6.5% CAP return
$4.49M
@ 7% CAP return
$4.17M
4
Sales comparison
Partial preview
Sales approach indication
$6.02M
Range $4.21M – $13.59M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.46M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 27 sales
$225
-17%
Submarket 92 sales
$198
-5%
County 388 sales
$175
+7%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $188/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+9%
vs current-use indication
Industrial (general) · current use
Office Building
Neighborhood: Shopping Center
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
3.90%
Implied, in-place cap rate for this flex space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.90%
9.0%
NOI (est.)
$522k *
Last sale · Mar 2024
$7.46M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$13.39M
Move the market yield to see immediate price impact.
Value / SF
$337
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.40%3.90%4.40%
$470k
$13.82M
$12.05M
$10.68M
$522k
$15.36M
$13.39M
$11.87M
$574k
$16.90M
$14.73M
$13.06M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$62,218
Tax year 2023
Assessed value
$3,290,000
Assessed 2023
Previous assessed
$3,290,000
+0.0% YoY
Effective rate
1.89%
On assessed value
Land market value
$1,013,751
Improvement market value
$2,276,249
Total market value
$3,290,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
4
Total area
39,782 SF
Lot
4.37 ac (190,497 SF)
APN
05-30-16-49968-000-0030
UPID
US18-4781097
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
4.37 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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