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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Strip malls
1900 16th N St Saint Petersburg, FL 33704-3920
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2243599
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1950
Construction
WOOD FRAME
Total area
9,880 SF
Lot
0.91 ac (39,526 SF)
APN
13-31-16-00000-210-0500
UPID
US18-2243599
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
$1.69M
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$1.64M
Owner & transaction history
Fort Properties LLC · 1 yrs held
Fort Properties LLC
since 2025
Last sale
$1.4M
7 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
$1,200,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,830,000
6.5%
$1,690,000
7%
$1,570,000
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±10% · vs last sale $1.43M (Apr 24 2025)
Last sale anchor
$1.43M
Apr 24 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
$165 / 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
$23,723
Tax year 2023
Assessed value
$1,210,000
Assessed 2023
Previous assessed
$1,080,000
+12.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$519,361
Improvement market value
$690,639
Total market value
$1,210,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1950
Construction
WOOD FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
6
Total area
9,880 SF
Lot
0.91 ac (39,526 SF)
APN
13-31-16-00000-210-0500
UPID
US18-2243599
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
Building & site characteristics
From public records
Year built
1950
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
6
Lot
0.91 ac
Current owner
From public records · entity-resolved
Fort Properties LLC
Entity
Mailing address
5004 E FOWLER AVE #336, TAMPA, FL 33617-2181
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2025
$1,430,700
Fort Properties LLC
U S Bank National Association
Special Warranty Deed
—
Mar 5, 2025
$705,100
U S Bank National Association
Pinellas County
Trust Deed
related
—
Dec 26, 2023
—
Rahall Monier
Woodlawn Trust
Correction Deed
related
—
Jul 18, 2023
$750,000
Woodlawn Trust
Nimbus Apollo
Quit Claim Deed
related
—
Nov 1, 2018
—
Nimbus Apollo LLC
—
Deed
related
$715,000 · Velocity Com'l Cap
Apr 18, 2014
$997,000
Nimbus Apollo LLC
Bruno One INC
Warranty Deed
$598,200 · Kerr Stephen Trust (rt)
Sep 18, 2007
—
National Packaging Equipment L
Integra Asset Management INC
Quit Claim Deed
related
—
Apr 27, 1998
$250,000
Youssef Zaitouni
Rahall Financial Corp
Quit Claim Deed
related
—
Mar 6, 1998
$250,000
Rahall Financial Corp
Klingher,leon H
Grant Deed
related
—
—
—
Nimbus Apollo LLC
—
Deed Of Trust
related
$715,000 · Velocity Com'l Cap
—
—
Bruno One INC
—
Deed Of Trust
related
$400,000 · Five Investments LLC
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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