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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Specialty properties
1811 Dr Martin Luther King Jr N St Saint Petersburg, FL 33704-4221
Entity Owned
3-yr Hold
Property ID
US18-2165825
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1980
Construction
CONCRETE BLOCKS
Total area
4,232 SF
Lot
0.6 ac (25,944 SF)
APN
18-31-17-24282-000-0040
UPID
US18-2165825
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.32M
Owner & transaction history
Florida First Capital Finance Corp · 3 yrs held
Florida First Capital Finance Corp
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+57.3%
Neighborhood: shopping center
$1.3M
+43.3%
Office building
$1.3M
+34.0%
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
$1,830,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$940,000
Current use
AUTO REPAIR, GARAGE
$1,475,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,345,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$1,260,000
Change: +34% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,020,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10% · vs last sale $1.00M (Nov 3 2020)
Last sale anchor
$1.00M
Nov 3 2020
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
$311 / 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
$20,557
Tax year 2023
Assessed value
$1,035,162
Assessed 2023
Previous assessed
$1,007,629
+2.7% YoY
Effective rate
1.99%
On assessed value
Land market value
$672,792
Improvement market value
$362,370
Total market value
$1,035,162
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1980
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
4
Total area
4,232 SF
Lot
0.6 ac (25,944 SF)
APN
18-31-17-24282-000-0040
UPID
US18-2165825
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1980
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.6 ac
Current owner
From public records · entity-resolved
Florida First Capital Finance Corp
Entity
Mailing address
1811 DR MARTIN LUTHER KING JR ST N, SAINT PETERSBURG, FL 33704-4221
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2022
—
Florida First Capital Finance Corp
Medical Home Pl
Assignment Of Lease (leasehold Sale)
—
Nov 3, 2020
$1,000,000
4401 LLC
Ttcs USA Title Holding Corp
Warranty Deed
$693,700 · Whitney Bank
Dec 6, 2019
—
Ttcs-usa Title Holding Corp
—
Loan Modification
related
$8,600,000 · Suntrust Bk
Mar 2, 2018
—
Ttcs-usa Title Holding Corp
—
Loan Modification
related
$5,797,500 · Suntrust Bk/ne Ga
Sep 13, 2016
—
Ttcs-usa Title Holding Corp
—
Deed
related
$700,000 · Suntrust Bk
May 9, 2008
$750,000
Ttcs-usa Title Holding Corp
Sievers Stacey Trust
Warranty Deed
$550,000 · Regions Bank
Oct 18, 1999
$305,000
Stacey J Sievers
Ada Specialists INC
Grant Deed
$291,500 · United Bank & Trust Co
Jul 14, 1999
$75,000
Anna L Jordan
Williams,kenneth B
Grant Deed
$60,000 · Bay Lending Corp
—
—
Tccs USA Title Holdings Corp I
—
Deed Of Trust
related
$1,000,000 · Regions Bank
—
—
Sievers Stacey Trust
—
Deed Of Trust
related
$350,000 · Amsouth Bank
—
—
Sievers Stacey Trust
—
Deed Of Trust
related
$100,000 · Amsouth Bank
—
—
Stacey J Sievers
—
Deed Of Trust
related
$320,000 · John R & Betty C Cappa
—
—
Ttcs USA Title Holding Corp In
—
Deed Of Trust
related
$1,000,000 · Regions Bank
—
—
Ttcs-usa Title Holding Corp
—
Deed Of Trust
related
$700,000 · Suntrust 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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