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Property profile & analytics
OFF-MARKET
Estimated value
$100,515,000
Apartment buildings
235 3rd N Ave Saint Petersburg, FL 33701-3350
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6271840
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2014
Construction
CONCRETE BLOCKS
Total area
306,614 SF
Lot
1.84 ac (80,146 SF)
APN
19-31-17-74466-011-0090
UPID
US18-6271840
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
-
Coastal Clean Queens Hardware & Home Improvement
-
NOVA Media Group Marketing & Advertising (Bike/Boat/Book/etc) Store
-
German Motor Vehicle Service Auto Repair Shop
-
Brandon Cathey Law Firm
-
Stephanie Miles Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$100.52M
Blend (final)
Blend
$100.52M
Owner & transaction history
Cw St Pete LLC 1031 LLC · 9 yrs held
Cw St Pete LLC 1031 LLC
since 2017
6 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
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
APARTMENT HOUSE (5+ UNITS)
$116,715,000
Current use
AUTO REPAIR, GARAGE
$107,000,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$97,495,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$100.52M
Range $90.46M – $110.57M · ±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
$328 / 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
$1,722,742
Tax year 2023
Assessed value
$86,750,000
Assessed 2023
Previous assessed
$86,500,000
+0.3% YoY
Effective rate
1.99%
On assessed value
Land market value
$5,722,285
Improvement market value
$81,027,715
Total market value
$86,750,000
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
2014
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
8
Units
309
Bathrooms
407
Total area
306,614 SF
Lot
1.84 ac (80,146 SF)
APN
19-31-17-74466-011-0090
UPID
US18-6271840
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
$116.7M
AUTO REPAIR, GARAGE
Est. value
$107.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$97.5M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2014
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
8
Units
309
Bathrooms
407
Lot
1.84 ac
Current owner
From public records · entity-resolved
Cw St Pete LLC 1031 LLC
Entity
Free & Clear · 9 yrs held
Mailing address
6340 S 3000TH E STE #500, SALT LAKE CITY, UT 84121-3550
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2017
—
Cw St Pete LLC 1031 LLC
Blue Meadows St Pete LLC
Grant Deed
related
—
Dec 10, 2012
$4,000,000
Bayway Apartments LLC
Redus Florida Land LLC
Grant Deed
$28,973,750 · Bmo Harris Bank
Mar 23, 2010
—
Redus Florida Land LLC
Stp Investments LLC Coc
Trustees Deed
related
—
Dec 8, 2005
—
Stp Investments LLC
Pilgrim Hall LLC
Warranty Deed
—
Apr 11, 2005
$1,500,000
Pilgrim Hall LLC
Roeder,ross E
Warranty Deed
—
May 12, 1989
$80,000
Ross E Roeder
Carter,kenneth
Warranty Deed
related
$43,500
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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