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Property profile & analytics
OFF-MARKET
Estimated value
$3,415,000
Apartment buildings
2026 4th S St Saint Petersburg, FL 33705-6517
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2561017
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1955
Construction
CONCRETE BLOCKS
Total area
12,603 SF
Lot
0.53 ac (23,021 SF)
APN
30-31-17-77184-010-0150
UPID
US18-2561017
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
$3.70M
Blend (final)
Blend
$3.42M
Owner & transaction history
Sabal Palms Owner LLC · 4 yrs held
Sabal Palms Owner LLC
since 2021
Last sale
$3.1M
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
$3,540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,605,000
Current use
AUTO REPAIR, GARAGE
$4,400,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,010,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$3,745,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$3.42M
Range $3.07M – $3.76M · ±10% · vs last sale $3.07M (Dec 17 2021)
Last sale anchor
$3.07M
Dec 17 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
$271 / 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
$54,611
Tax year 2023
Assessed value
$2,750,000
Assessed 2023
Previous assessed
$2,550,000
+7.8% YoY
Effective rate
1.99%
On assessed value
Land market value
$556,481
Improvement market value
$2,193,519
Total market value
$2,750,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1955
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
WINDOW A/C
Stories
2
Units
23
Bathrooms
23
Total area
12,603 SF
Lot
0.53 ac (23,021 SF)
APN
30-31-17-77184-010-0150
UPID
US18-2561017
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1955
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
2
Units
23
Bathrooms
23
Lot
0.53 ac
Current owner
From public records · entity-resolved
Sabal Palms Owner LLC
Entity
Mailing address
15 MELNICK DR UNIT #794, MONSEY, NY 10952-7352
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$3,071,230
Sabal Palms Owner LLC
Old Se Two LLC
Special Warranty Deed
—
May 26, 2020
$2,330,000
Old Se Three LLC
Second Half Prop Four LLC
Warranty Deed
$1,475,000 · Cbre Cap Markets
Jan 2, 2019
$2,480,000
Second Half Prop Four LLC
South St Pete IV LLC
Trustees Deed
$9,150,000 · Bankfinancial NA
Dec 1, 2017
—
South St Pete IV LLC
—
Deed
related
$1,400,000 · Grow Financial FCU
Aug 18, 2015
$1,550,000
South St Pete IV LLC
Nicols,sharolie
Warranty Deed
$1,162,000 · Valley Nat'l Bk
Feb 1, 2010
$380,000
Sharolie Nicols
St Pete Affordable Rentals LLC
Grant Deed
—
Jan 20, 2010
—
Park Place Holding Co LLC
New St Pete Apartments LLC
Grant Deed
—
Nov 20, 2009
$200,000
St Pete Affordable Rentals LLC
Park Place Holding Co LLC
Grant Deed
—
Nov 13, 2009
—
Park Place Holding Co LLC
New St Pete Apartments Coc
Trustees Deed
related
—
May 21, 2007
—
New St Pete Apartments LLC
Thibodeau,james J
Grant Deed
related
—
Apr 6, 2004
$1,250,000
New St Pete Apartments LLC
Thibodeau,james J & Mary E
Grant Deed
$937,500 · Blx Capital LLC
Jan 4, 1999
$275,000
James J Thibodeau
Fisher Trust
Grant Deed
$255,000 · Seller
—
—
Mantree INC
—
Deed Of Trust
related
$495,000 · Kendall Dorset
—
—
New Stpete Apartments LLC
—
Deed Of Trust
related
$765,000 · Lasalle National 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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