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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office buildings
2560 1st S Ave Saint Petersburg, FL 33712-1106
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-8295593
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Construction
FRAME
Total area
1,514 SF
Lot
0.17 ac (7,205 SF)
APN
23-31-16-17442-001-0080
UPID
US18-8295593
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
-
Jill M. Adams, LM Midwife
-
St. Petersburg Personal Injury Lawyers Perenich, Caulfield, Avril & Noyes Law Firm
-
Perenich, Caulfield, Avril & Noyes, P.A. Law Firm
-
G Elizabeth G Bourlon CPA Pa Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$385k
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$520k
Owner & transaction history
2560 First Avenue South LLC · 4 yrs held
2560 First Avenue South LLC
since 2021
Last sale
$390,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$535,000
+19.1%
Auto repair, garage
$530,000
+17.4%
Neighborhood: shopping center
$480,000
+7.0%
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
$650,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$420,000
6.5%
$385,000
7%
$360,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$450,000
Current use
WAREHOUSE, STORAGE
$535,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$530,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$480,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $390k (Oct 18 2021)
Last sale anchor
$390k
Oct 18 2021
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
$343 / 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
$8,053
Tax year 2023
Assessed value
$505,240
Assessed 2023
Previous assessed
$446,184
+13.2% YoY
Effective rate
1.59%
On assessed value
Land market value
$359,040
Improvement market value
$146,200
Total market value
$505,240
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1925
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
1,514 SF
Lot
0.17 ac (7,205 SF)
APN
23-31-16-17442-001-0080
UPID
US18-8295593
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
OFFICE BUILDING Current
Est. value
$450,000
WAREHOUSE, STORAGE
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$530,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$480,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1925
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
2560 First Avenue South LLC
Entity
Mailing address
960 MONTEREY PT NE, SAINT PETERSBURG, FL 33704-2319
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2021
$390,000
2560 First Avenue South LLC
2560 First Avenue LLC
Warranty Deed
—
Sep 13, 2021
$325,000
2560 First Avenue LLC
E F C Pinellas 6 LLC
Warranty Deed
$266,952 · Cadence Bank NA
Nov 5, 2015
—
Efc Pinellas 6 LLC
Scrufferdoodle LLC
Quit Claim Deed
related
—
Sep 10, 2015
$233,871
Scrufferdoodle LLC
West Florida Realty Invs LLC
Warranty Deed
—
Feb 25, 2009
—
Liquidation Properties INC
Citigroup Global Markets Realt
Quit Claim Deed
related
—
Feb 25, 2009
$47,000
West Florida Realty Invs LLC
Liquidation Properties INC
Grant Deed
—
Nov 19, 2008
—
Citigroup Global Markets Realt
Odum,robert JR Coc
Trustees Deed
related
—
Jul 31, 2003
—
Robert Odum
Verrico,tr
Grant Deed
related
$58,500 · Flanagan Trust
Feb 28, 1997
$39,900
Robert Odum
Verrico,reland
Grant Deed
$39,900 · Seller
—
—
Robert Odum JR.
—
Deed Of Trust
related
$168,000 · Homebridge Mortgage Bankers
—
—
Robert Odum
—
Deed Of Trust
related
$83,000 · Ameriquest Mortgage Corp
—
—
Robert Odum JR.
—
Deed Of Trust
related
$127,500 · Ameriquest Mortgage Corp
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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