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Property profile & analytics
OFF-MARKET
Estimated value
$3,040,000
Specialty properties
2201 Dr Martin Luther King Jr N St Saint Petersburg, FL 33704-3205
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3933263
Property profile
Verified
Property type
Specialty properties
Use group
CREMATORIUM, MORTUARY
Year built
1954
Construction
CONCRETE BLOCKS
Total area
4,048 SF
Lot
1.3 ac (56,641 SF)
APN
07-31-17-84906-000-0030
UPID
US18-3933263
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
by Request
Blend (final)
Blend
$3.04M
Owner & transaction history
Fip Florida LLC · 2 yrs held
Fip Florida LLC
since 2023
Last sale
$3.0M
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
COMMERCIAL (GENERAL)
$2,430,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.74M – $3.34M · ±10% · vs last sale $3.04M (Jul 27 2023)
Last sale anchor
$3.04M
Jul 27 2023
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
$751 / 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
$45,626
Tax year 2023
Assessed value
$2,297,531
Assessed 2023
Previous assessed
$2,149,698
+6.9% YoY
Effective rate
1.99%
On assessed value
Land market value
$1,496,544
Improvement market value
$800,987
Total market value
$2,297,531
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
Specialty properties
Use group
CREMATORIUM, MORTUARY
Status
Off-Market
Year built
1954
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Bathrooms
3
Total area
4,048 SF
Lot
1.3 ac (56,641 SF)
APN
07-31-17-84906-000-0030
UPID
US18-3933263
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
COMMERCIAL (GENERAL)
Est. value
$2.4M
COMMERCIAL (GENERAL)
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
1954
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
3
Lot
1.3 ac
Current owner
From public records · entity-resolved
Fip Florida LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2425 E CAMELBACK RD STE #800, PHOENIX, AZ 85016-4208
Ownership since
2023
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
Nov 26, 2024
—
Fip Florida LLC
—
Deed
related
$3,040,000 · Citibank NA
Jun 12, 2024
—
Fpg Florida LLC
—
Deed
related
$560,417,500 · Bmo Bank NA
Jul 27, 2023
$3,039,900
Fip Florida LLC
Fpg Florida LLC
Special Warranty Deed
—
Nov 3, 2021
—
Fpg Florida LLC
—
Deed
related
$315,000,000 · Bmo Harris Bank NA
Aug 18, 2020
—
Fpg Florida LLC
—
Deed
related
—
Nov 6, 2018
—
Fpg Florida LLC
—
Deed
related
—
Jan 17, 2018
—
Fpg Florida LLC
—
Grant Deed
related
$5,745,000 · Wilmington Tr
Aug 16, 2017
$1,875,000
Fpg Florida LLC
Premier Care Of Florida INC
Warranty Deed
—
Dec 22, 2010
—
Anderson-mcqueen Co
—
Deed Of Trust
related
$4,794,000 · Regions Bank
—
—
Fpg Florida LLC
—
Loan Modification
related
—
—
—
Fpg Florida LLC
—
Loan Modification
related
—
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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