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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Manufacturing properties
1720 Central Ave Saint Petersburg, FL 33712-1342
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2022758
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1959
Construction
CONCRETE BLOCKS
Total area
7,995 SF
Lot
0.34 ac (14,998 SF)
APN
24-31-16-29718-017-0030
UPID
US18-2022758
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
-
Shine Mural Festival Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.78M
Owner & transaction history
1700 Central Avenue Development LLC · 2 yrs held
1700 Central Avenue Development LLC
since 2024
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+245.7%
Commercial (general)
$4.8M
+238.2%
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
$4,775,000
ML approach
$4,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,910,000
Change: +246% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,800,000
Change: +238% · Conversion: Difficult
Blend value · Realmo final
$4.78M
Range $4.30M – $5.25M · ±10% · vs last sale $4.78M (Jun 24 2024)
Last sale anchor
$4.78M
Jun 24 2024
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
$597 / 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
$16,813
Tax year 2023
Assessed value
$1,245,000
Assessed 2023
Previous assessed
$1,245,000
+0.0% YoY
Effective rate
1.35%
On assessed value
Land market value
$1,061,394
Improvement market value
$183,606
Total market value
$1,245,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1959
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
1
Total area
7,995 SF
Lot
0.34 ac (14,998 SF)
APN
24-31-16-29718-017-0030
UPID
US18-2022758
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
RESTAURANT
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.8M
RESTAURANT
COMMERCIAL (GENERAL)
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
1959
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
1700 Central Avenue Development LLC
Entity
Mailing address
904 PO BOX 4189TH DR NE, CLEARWATER, FL 33758-4189
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2024
$4,775,000
1700 Central Avenue Development LLC
Mitchell C Rogers IV
Special Warranty Deed
—
Oct 16, 2023
—
Mitchell C Rogers IV
Mitchell C Rogers IV
Intrafamily Transfer
related
—
Dec 7, 2021
—
Maple Multi Family Land Se LP
Mitchell C Rogers IV
Agreement Of Sale
—
Oct 21, 2020
—
Mitchell C Rogers IV
—
Deed
related
$100,000 · Seacoast Nat'l Bk
Sep 25, 2018
—
Mitchell C Rogers IV
—
Deed
related
$50,000 · Freedom Bank
Jun 22, 2018
—
Denis A Farrell
Quatro Dev LLC
Quit Claim Deed
related
—
Jul 17, 2013
$212,500
Mitchell C Rogers IV
Rogers,mitchell C III
Warranty Deed
related
—
Feb 28, 2002
—
Mitchell C Rogers
Central Building Association
Grant Deed
$154,000 · Central Building Association
—
—
Mitchell C Rogers IV
—
Loan Modification
related
$356,000 · Freedom Bank America
—
—
Mitchell C Rogers
—
Deed Of Trust
related
$308,000 · Signature Bank
—
—
Mitchell C Rogers IV
—
Loan Modification
related
$398,179 · Freedom Bk
—
—
Mitchell C Rogers IV
—
Loan Modification
related
$100,000 · Seacoast Nat'l Bk
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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