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Property profile & analytics
OFF-MARKET
Estimated value
$110,690,000
Apartment buildings
151 7th S St Saint Petersburg, FL 33701-4013
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-7732081
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2016
Construction
CONCRETE BLOCKS
Total area
391,664 SF
Lot
2.04 ac (88,701 SF)
APN
19-31-17-38289-001-0010
UPID
US18-7732081
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
-
Hermitage Apartment Homes Apartment Complex Apartment Building
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Sara Herrera Photography Wedding Service Photography Service
-
Kassandra's Kitchen Restaurant Take-out & Catering
-
Empathy Rentals Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$128.40M
Blend (final)
Blend
$110.69M
Owner & transaction history
Imp Central Arts LLC · 1 yrs held
Imp Central Arts LLC
since 2025
Last sale
$104.5M
4 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
$87,745,000
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)
$149,085,000
Current use
AUTO REPAIR, GARAGE
$136,685,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$124,540,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$110.69M
Range $99.62M – $121.76M · ±10% · vs last sale $104.46M (May 30 2025)
Last sale anchor
$104.46M
May 30 2025
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
$283 / 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
$1,987,856
Tax year 2023
Assessed value
$100,100,000
Assessed 2023
Previous assessed
$99,000,000
+1.1% YoY
Effective rate
1.99%
On assessed value
Land market value
$6,220,915
Improvement market value
$93,879,085
Total market value
$100,100,000
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
2016
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
8
Units
348
Bathrooms
499
Total area
391,664 SF
Lot
2.04 ac (88,701 SF)
APN
19-31-17-38289-001-0010
UPID
US18-7732081
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
$149.1M
AUTO REPAIR, GARAGE
Est. value
$136.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$124.5M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
8
Buildings
3
Units
348
Bathrooms
499
Lot
2.04 ac
Current owner
From public records · entity-resolved
Imp Central Arts LLC
Entity
Mailing address
7701 FORSYTH BLVD STE #900, SAINT LOUIS, MO 63105-1840
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
$104,460,000
Imp Central Arts LLC
Dedicated Hermitage LP
Special Warranty Deed
$75,254,000 · Walker & Dunlop LLC
Jan 9, 2019
$107,625,000
Dedicated Hermitage LP
Hermitage St Pete LLC
Grant Deed
—
Jan 9, 2019
—
Dedicated Hermitage LP
—
Deed
related
$19,931,535 · Walker & Dunlop
—
—
Dedicated Hermitage LP
—
Loan Modification
related
$19,931,535 · Walker & Dunlop
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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