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Property profile & analytics
OFF-MARKET
Estimated value
$77,115,000
Flex space
1950 102nd N Ave Saint Petersburg, FL 33716-3604
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-8216199
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2017
Construction
CONCRETE
Total area
236,612 SF
Lot
58.32 ac (2,540,393 SF)
APN
24-30-16-63982-000-0010
UPID
US18-8216199
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
-
FEDEX GROUND Trucking Company
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$58.62M
Blend (final)
Blend
$77.12M
Owner & transaction history
Maps 1950 102 Avenue LLC · 4 yrs held
Maps 1950 102 Avenue LLC
since 2022
Last sale
$94.5M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$82.6M
+96.5%
Neighborhood: shopping center
$75.2M
+79.1%
Office building
$70.3M
+67.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$82,575,000
Change: +97% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$75,240,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$70,320,000
Change: +67% · Conversion: Difficult
WAREHOUSE, STORAGE
$57,070,000
Change: +36% · Conversion: Easy
RETAIL STORES
$55,850,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$77.12M
Range $69.40M – $84.83M · ±10% · vs last sale $94.50M (Nov 3 2021)
Last sale anchor
$94.50M
Nov 3 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
$326 / 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
$655,634
Tax year 2023
Assessed value
$33,050,000
Assessed 2023
Previous assessed
$30,000,000
+10.2% YoY
Effective rate
1.98%
On assessed value
Land market value
$14,041,111
Improvement market value
$19,008,889
Total market value
$33,050,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2017
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
8
Total area
236,612 SF
Lot
58.32 ac (2,540,393 SF)
APN
24-30-16-63982-000-0010
UPID
US18-8216199
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
AUTO REPAIR, GARAGE
Est. value
$82.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$75.2M
OFFICE BUILDING
Est. value
$70.3M
WAREHOUSE, STORAGE
Est. value
$57.1M
RETAIL STORES
Est. value
$55.9M
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
2017
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
8
Lot
58.32 ac
Current owner
From public records · entity-resolved
Maps 1950 102 Avenue LLC
Entity
Free & Clear · 4 yrs held
Mailing address
13TH GRAN SEOUL TOWER 1ST 33RD JONG-RO 3159TH XX
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
—
Maps 1950 102 Avenue LLC
Scannell Properties 252 LLC
Re-recorded Document
related
—
Nov 3, 2021
$94,500,000
Maps 1950 102 Avenue LLC
Scannell Properties 252 LLC
Special Warranty Deed
$56,700,000 · Standard Chartered Bank
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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