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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Turn key restaurants
2525 54th N Ave Saint Petersburg, FL 33714-1973
Entity Owned
~
Est. High Equity
Property ID
US18-3733046
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2004
Construction
CONCRETE BLOCKS
Total area
1,730 SF
Lot
0.53 ac (22,995 SF)
APN
35-30-16-00000-430-2100
UPID
US18-3733046
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
-
Waffle House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.48M
Owner & transaction history
Waffle House INC
Waffle House INC
since 2026
Last sale
$1.9M
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
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
RESTAURANT
$1,060,000
Current use
COMMERCIAL (GENERAL)
$1,040,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.93M (Jan 16 2026)
Last sale anchor
$1.93M
Jan 16 2026
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
$853 / 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
$13,500
Tax year 2023
Assessed value
$600,000
Assessed 2023
Previous assessed
$505,000
+18.8% YoY
Effective rate
2.25%
On assessed value
Land market value
$249,525
Improvement market value
$350,475
Total market value
$600,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2004
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
3
Total area
1,730 SF
Lot
0.53 ac (22,995 SF)
APN
35-30-16-00000-430-2100
UPID
US18-3733046
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
RESTAURANT Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RESTAURANT Current
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
2004
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.53 ac
Current owner
From public records · entity-resolved
Waffle House INC
Entity
Mailing address
4021 LAS PALMAS WAY, SARASOTA, FL 34238-4531
Ownership since
2026
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
Jan 16, 2026
$1,925,000
Waffle House INC
Wh Of St Petersburg LLC
Special Warranty Deed
—
Jul 26, 2022
$3,584,000
W H Of St Petersburg LLC
Wh Holdoings Of Tampa Bay LLC
Warranty Deed
—
Jun 1, 2020
—
Wh Holdings Of Tampa Bay LLC
—
Deed
related
—
Jun 18, 2013
$1,910,000
Wh Holdings Of Tampa Bay LLC
Wavanlf LLC
Grant Deed
—
May 30, 2006
—
Wwspnlf LLC
Ganaway,nick B
Quit Claim Deed
related
—
Nov 5, 2003
$75,000
Clear Ocean Investments Corp
Lopez,minnie
Grant Deed
—
Nov 5, 2003
$387,500
Nick B Ganaway
Clear Ocean Investments Corp
Grant Deed
—
Nov 5, 2003
—
Minnie Lopez
Baycrest Plaza INC
Grant Deed
related
—
—
—
Wh Holdings Of Tampa Bay LLC
—
Deed Of Trust
related
$1,400,000 · Jefferson Bk/fl
—
—
Wh Holdings Of Tampa Bay LLC
—
Deed Of Trust
related
$1,900,000 · First Hm Bk
—
—
Wh Holdings Of Tampa Bay 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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