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Property profile & analytics
OFF-MARKET
Estimated value
$5,950,000
Strip malls
1914 4th N St Saint Petersburg, FL 33704-4308
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2847612
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1925
Construction
CONCRETE BLOCKS
Total area
23,031 SF
Lot
1.28 ac (55,735 SF)
APN
18-31-17-16811-001-0010
UPID
US18-2847612
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
-
Evergreen Events Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.95M
CAP Approach
CAP
$3.94M
Comparable Approach
Comparable
$7.44M
Blend (final)
Blend
$5.95M
Owner & transaction history
1914 4th Street Retail LLC · 1 yrs held
1914 4th Street Retail LLC
since 2024
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.0M
+22.9%
Auto repair, garage
$8.0M
+9.8%
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
$5,950,000
ML approach
$5,950,000
CAP Approach
CAP Return
Estimation
6%
$4,265,000
6.5%
$3,940,000
7%
$3,655,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,325,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,005,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,035,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$6,845,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$5.95M
Range $5.36M – $6.55M · ±10% · vs last sale $5.95M (Dec 3 2024)
Last sale anchor
$5.95M
Dec 3 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
$258 / 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
$88,173
Tax year 2023
Assessed value
$4,440,000
Assessed 2023
Previous assessed
$4,130,000
+7.5% YoY
Effective rate
1.99%
On assessed value
Land market value
$3,158,890
Improvement market value
$1,281,110
Total market value
$4,440,000
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
1925
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
12
Total area
23,031 SF
Lot
1.28 ac (55,735 SF)
APN
18-31-17-16811-001-0010
UPID
US18-2847612
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$8.0M
OFFICE BUILDING
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1925
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
12
Lot
1.28 ac
Current owner
From public records · entity-resolved
1914 4th Street Retail LLC
Entity
Mailing address
10225 ULMERTON RD STE 12A, LARGO, FL 33771-3520
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2024
$5,950,000
1914 4th Street Retail LLC
Fourth Street Retail LLC
Special Warranty Deed
$4,235,000 · Bank Of America NA
Sep 29, 2021
—
Fourth Street Retail LLC
—
Deed
related
$4,240,000 · Bank Of America NA
May 3, 2021
$5,300,000
Fourth Street Retail LLC
Limestone 4th Street LLC
Special Warranty Deed
—
Jul 5, 2016
$2,900,000
Limestone 4th Street LLC
Fourth Street St Pete Associates Eq
Special Warranty Deed
—
—
—
Fourth Street Stpete Assocs Eq
—
Deed Of Trust
related
$170,230 · Aviva Life Insurance Co
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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