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Property profile & analytics
OFF-MARKET
Estimated value
$5,875,000
Office buildings
2805 54th N Ave Saint Petersburg, FL 33714-2414
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-3160640
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1999
Construction
CONCRETE BLOCKS
Total area
22,828 SF
Lot
2.74 ac (119,206 SF)
APN
35-30-16-76464-004-0060
UPID
US18-3160640
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
-
Dr. Christopher Donaldson Physician
-
MARIAH BARKER PATE Physician
-
Julaine Braham Physician
-
Angie Adhami Physician
-
Tampa Bay Breathe Free Sinus & Allergy Centers Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.87M
Blend (final)
Blend
$5.88M
Owner & transaction history
2805 54th Avenue North Partners LLC · 7 yrs held
2805 54th Avenue North Partners LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.0M
+17.4%
Neighborhood: shopping center
$7.3M
+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
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
OFFICE BUILDING
$6,785,000
Current use
AUTO REPAIR, GARAGE
$7,965,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,260,000
Change: +7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,590,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$5.88M
Range $5.29M – $6.46M · ±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
$257 / 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
$79,488
Tax year 2023
Assessed value
$3,575,000
Assessed 2023
Previous assessed
$2,500,000
+43.0% YoY
Effective rate
2.22%
On assessed value
Land market value
$481,774
Improvement market value
$3,093,226
Total market value
$3,575,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1999
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
6
Total area
22,828 SF
Lot
2.74 ac (119,206 SF)
APN
35-30-16-76464-004-0060
UPID
US18-3160640
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
$6.8M
AUTO REPAIR, GARAGE
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1999
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
6
Lot
2.74 ac
Current owner
From public records · entity-resolved
2805 54th Avenue North Partners LLC
Entity
Mailing address
4708 W MELROSE AVE, TAMPA, FL 33629-5528
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2019
$3,300,000
2805 54th Avenue North Partners LLC
Jamilou T Rosenkrans
Special Warranty Deed
$2,826,250 · Republic Bank & Trust Co
Aug 5, 2005
—
Jamilou T Rosenkrans
Jamilou Rosenkrans
Intrafamily Transfer
related
$1,096,450 · Freedom Bank Of America
Mar 25, 1998
$220,000
Rosenkrans,jamilou
Stout,loretta
Trustees Deed
—
—
—
Jamilou T Rosenkrans
—
Deed Of Trust
related
$1,440,000 · Mercantile Bank
—
—
Jamilou T Rosenkrans
—
Deed Of Trust
related
$1,440,000 · Mercantile 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.
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