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Property profile & analytics
OFF-MARKET
Estimated value
$41,380,000
Manufacturing properties
2725 Scherer N Dr Saint Petersburg, FL 33716-1016
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4563179
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Construction
CONCRETE BLOCKS
Total area
213,593 SF
Lot
31.92 ac (1,390,466 SF)
APN
11-30-16-00000-240-0100
UPID
US18-4563179
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
-
Catalent Pharma Solutions Factory Production Facility
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$41.38M
Blend (final)
Blend
$41.38M
Owner & transaction history
Catalent Pharma Solutions LLC · 1 yrs held
Catalent Pharma Solutions LLC
since 2025
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$67.9M
+79.1%
Office building
$63.5M
+67.4%
Warehouse, storage
$51.5M
+35.8%
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
INDUSTRIAL (GENERAL)
$37,925,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$67,920,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$63,480,000
Change: +67% · Conversion: Difficult
WAREHOUSE, STORAGE
$51,520,000
Change: +36% · Conversion: Easy
RETAIL STORES
$50,420,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$41.38M
Range $37.24M – $45.52M · ±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
$194 / 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
$464,553
Tax year 2023
Assessed value
$23,330,000
Assessed 2023
Previous assessed
$22,670,000
+2.9% YoY
Effective rate
1.99%
On assessed value
Land market value
$2,773,374
Improvement market value
$20,556,626
Total market value
$23,330,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Buildings
2
Stories
3
Bathrooms
22
Total area
213,593 SF
Lot
31.92 ac (1,390,466 SF)
APN
11-30-16-00000-240-0100
UPID
US18-4563179
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
INDUSTRIAL (GENERAL) Current
Est. value
$37.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$67.9M
OFFICE BUILDING
Est. value
$63.5M
WAREHOUSE, STORAGE
Est. value
$51.5M
RETAIL STORES
Est. value
$50.4M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
3
Buildings
2
Bathrooms
22
Lot
31.92 ac
Current owner
From public records · entity-resolved
Catalent Pharma Solutions LLC
Entity
Mailing address
3001 RED LION RD, PHILADELPHIA, PA 19114-1123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
—
Catalent Pharma Solutions LLC
Catalent Pharma Solutions INC
Deed
related
$47,565,000 · Ares Capital Corporation
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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