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Property profile & analytics
OFF-MARKET
Estimated value
$18,935,000
Warehouses
1855 32nd N St Saint Petersburg, FL 33713-4254
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-7383251
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
STEEL FRAME
Total area
84,155 SF
Lot
2 ac (87,103 SF)
APN
14-31-16-71460-000-0100
UPID
US18-7383251
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.94M
Owner & transaction history
Nsf II St Pete Dst · 4 yrs held
Nsf II St Pete Dst
since 2021
Last sale
$13.6M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$29.4M
+35.8%
Neighborhood: shopping center
$26.8M
+23.8%
Office building
$24.8M
+14.7%
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
$19,000,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,005,000
6.5%
$12,005,000
7%
$11,150,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,620,000
Current use
AUTO REPAIR, GARAGE
$29,370,000
Change: +36% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$26,760,000
Change: +24% · Conversion: Moderate
OFFICE BUILDING
$24,790,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$19,865,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$18.94M
Range $17.04M – $20.83M · ±10% · vs last sale $13.60M (Sep 1 2021)
Last sale anchor
$13.60M
Sep 1 2021
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
$225 / 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
$230,361
Tax year 2023
Assessed value
$11,600,000
Assessed 2023
Previous assessed
$11,500,000
+0.9% YoY
Effective rate
1.99%
On assessed value
Land market value
$1,520,524
Improvement market value
$10,079,476
Total market value
$11,600,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Bathrooms
2
Total area
84,155 SF
Lot
2 ac (87,103 SF)
APN
14-31-16-71460-000-0100
UPID
US18-7383251
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
WAREHOUSE, STORAGE Current
Est. value
$21.6M
AUTO REPAIR, GARAGE
Est. value
$29.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.8M
OFFICE BUILDING
Est. value
$24.8M
RETAIL STORES
Est. value
$19.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2019
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
2
Lot
2 ac
Current owner
From public records · entity-resolved
Nsf II St Pete Dst
Individual
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2021
—
Nsp H St Pete Dst
—
Deed
related
$28,500,000 · Argentic Real Estate Finance LLC
Sep 1, 2021
$13,600,000
Nsf II St Pete Dst
Avenue Venture LLC
Warranty Deed
—
Nov 9, 2018
$1,500,000
22nd Avenue Venture LLC
Boukalis Dev Of St Petersburg
Grant Deed
$6,637,500 · Valley Nat'l Bk
Jul 3, 2018
—
Saint Petersburg Plaza LP
—
Loan Modification
related
$6,500,000 · Miscellaneous Ins Co
Sep 15, 2004
—
Vasilios Boukalis
Jbms International LLC
Quit Claim Deed
related
$3,250,000 · Bank Of America
Jul 23, 2001
$2,216,343
Jbms Internationl LLC
Scottys INC
Grant Deed
—
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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