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Property profile & analytics
FOR SALE
Retail space
2216 18Th Ave S St Petersburg, FL 33712
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8045626
For Sale
1 / 6
$2,759,740
2216 18Th Ave S, St Petersburg, FL 33712
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Construction
CONCRETE BLOCKS
Total area
9,812 SF
Lot
1.39 ac (60,514 SF)
APN
25-31-16-56988-000-0010
UPID
US18-8045626
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
-
Dollar General Grocery & Convenience Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.97M
Owner & transaction history
Lj Gelt LLC · 7 yrs held
Lj Gelt LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.1M
+34.7%
Office building
$2.9M
+25.9%
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 St Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St 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
RETAIL STORES
$2,315,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,120,000
Change: +35% · Conversion: Moderate
OFFICE BUILDING
$2,915,000
Change: +26% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,075,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±10%
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
$201 / 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
$26,226
Tax year 2023
Assessed value
$1,335,000
Assessed 2023
Previous assessed
$1,195,000
+11.7% YoY
Effective rate
1.96%
On assessed value
Land market value
$160,956
Improvement market value
$1,174,044
Total market value
$1,335,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2011
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
9,812 SF
Lot
1.39 ac (60,514 SF)
APN
25-31-16-56988-000-0010
UPID
US18-8045626
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
RETAIL STORES Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2011
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.39 ac
Current owner
From public records · entity-resolved
Lj Gelt LLC
Entity
Mailing address
164 W 25TH ST FL 6F, NEW YORK, NY 10001-7400
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2019
$100
Lj Gelt LLC
Mbmd LLC
Correction Deed
related
—
Nov 5, 2018
$2,300,000
Lj Gelt LLC
Mbmd LLC
Warranty Deed
—
Sep 23, 2011
—
City Of St Petersburg Fl
Dg St Pete 18th Ave LLC
Quit Claim Deed
related
—
Jun 1, 2011
—
Dg St Pete 18th Ave LLC
Suntrust Bk
Quit Claim Deed
related
$1,235,000 · Rbc Bank
Jun 1, 2011
$550,000
Dg St Pete 18th Ave LLC
Suntrust Bk
Grant Deed
—
Oct 20, 2006
—
Suntrust Bk
Owner Name Unavailable
Grant Deed
related
—
Aug 15, 2006
—
Suntrust Bank
City Of St Petersburg
Quit Claim Deed
related
—
Aug 15, 2006
$500,000
Suntrust Bank
City Of St Petersburg
Grant Deed
related
—
Feb 9, 2005
$100,000
City Of Stpetersburg
Smith,carrie B
Warranty Deed
—
—
—
Mbmd LLC
—
Deed Of Trust
related
$1,500,000 · Wells Fargo Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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