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Property profile & analytics
OFF-MARKET
Hotels
253 2nd N Ave Saint Petersburg, FL 33701-3317
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2944793
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1921
Construction
CONCRETE BLOCKS
Total area
12,192 SF
Lot
0.11 ac (4,948 SF)
APN
19-31-17-74466-016-0101
UPID
US18-2944793
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
-
New Hotel Collection | The Cordova Inn Hotel & Motel
-
New Hotel Collection Downtown St Pete Hotel & Motel
-
The Scott Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tdz Cordova LLC · 5 yrs held
Tdz Cordova LLC
since 2020
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$55,440
Tax year 2023
Assessed value
$2,825,000
Assessed 2023
Previous assessed
$2,525,000
+11.9% YoY
Effective rate
1.96%
On assessed value
Land market value
$1,040,420
Improvement market value
$1,784,580
Total market value
$2,825,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1921
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
32
Bathrooms
35
Total area
12,192 SF
Lot
0.11 ac (4,948 SF)
APN
19-31-17-74466-016-0101
UPID
US18-2944793
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
Building & site characteristics
From public records
Year built
1921
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
3
Units
32
Bathrooms
35
Lot
0.11 ac
Current owner
From public records · entity-resolved
Tdz Cordova LLC
Entity
Mailing address
14100 WALSINGHAM RD STE #20, LARGO, FL 33774-3228
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2020
$3,000,000
Tdz Cordova LLC
Gf Fh Pier LLC
Warranty Deed
$2,000,000 · Tdz LLC
Aug 15, 2014
$1,350,000
Gf Fh Pier LLC
Sb Pinellas Holdings LLC
Grant Deed
$1,160,000 · Jefferson Bk/fl
Jun 5, 2001
$1,720,000
Marrick Properties LLC
Pier Hotel INC
Grant Deed
—
Jun 23, 1999
$375,000
Eden Properties
Binder,robert A
Grant Deed
$250,000 · Seller
—
—
Marrick Properties LLC
—
Deed Of Trust
related
$50,000 · First State Bank
—
—
Marrick Properties LLC
—
Deed Of Trust
related
$50,000 · First State Bank
—
—
Marrick Properties LLC
—
Deed Of Trust
related
$1,243,459 · First State 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.
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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