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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Retail space
2817 Central Ave Saint Petersburg, FL 33713-8630
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1452071
Property summary
AI-generated overview
This exceptional Class A retail property, located at 2817 Central Avenue in St. Petersburg, Florida (zip code 33713), offers 4,558 square feet of space in a prime Grand Central District location. The building, constructed in 1950 and extensively renovated in 2024, features four suites, with 2,000 square feet currently vacant and available for lease. Minimum leasable space is 1,000 square feet, with a maximum contiguous space of 2,000 square feet. The property boasts 135 feet of high-exposure frontage on Central Avenue, providing unparalleled visibility for any business. Its versatile zoning (cct2) allows for a wide range of uses, including restaurants, bars, boutiques, art galleries, fitness studios, or office space. The 0.31-acre lot includes five parking spaces. This single-story building offers a unique opportunity to establish a presence in one of St. Petersburg's most vibrant and sought-after neighborhoods, surrounded by popular dining and nightlife establishments. The property's building floor area ratio (FAR) is 0.34. Don't miss this chance to secure a thriving business location in the heart of the Grand Central District.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
CONCRETE BLOCKS
Total area
4,558 SF
Lot
0.31 ac (13,499 SF)
APN
23-31-16-35118-019-0120
UPID
US18-1452071
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.66M
Owner & transaction history
Rk Re Holdings 2 LLC · 3 yrs held
Rk Re Holdings 2 LLC
since 2023
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+154.4%
Auto repair, garage
$1.6M
+47.8%
Neighborhood: shopping center
$1.5M
+34.7%
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
$1,625,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,075,000
Current use
COMMERCIAL (GENERAL)
$2,735,000
Change: +154% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,590,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,450,000
Change: +35% · Conversion: Moderate
OFFICE BUILDING
$1,345,000
Change: +25% · Conversion: Easy
WAREHOUSE, STORAGE
$1,170,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10% · vs last sale $2.18M (Jul 13 2023)
Last sale anchor
$2.18M
Jul 13 2023
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
$363 / 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
$14,571
Tax year 2023
Assessed value
$1,100,000
Assessed 2023
Previous assessed
$890,000
+23.6% YoY
Effective rate
1.32%
On assessed value
Land market value
$895,404
Improvement market value
$204,596
Total market value
$1,100,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
3
Total area
4,558 SF
Lot
0.31 ac (13,499 SF)
APN
23-31-16-35118-019-0120
UPID
US18-1452071
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
RETAIL STORES Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1950
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.31 ac
Current owner
From public records · entity-resolved
Rk Re Holdings 2 LLC
Entity
Mailing address
207 37TH AVE NE #115, SAINT PETERSBURG, FL 33704-1509
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
$2,183,000
Rk Re Holdings 2 LLC
China Finders LLC
Warranty Deed
$2,062,500 · Waterfall Bank
Oct 29, 2012
—
China Finders LLC
Harry D Weithkemper SR.
Correction Deed
related
$304,000 · Bankunited NA
Nov 2, 2006
$316,200
China Finders LLC
Weitkemper,harry D SR
Warranty Deed
—
Jul 31, 2001
$192,000
Harry D Weitkemper
Hawkins Construction INC
Grant Deed
—
—
—
Harry D Weitkemper
—
Deed Of Trust
related
$145,000 · First Union National Bank
—
—
Larry D Weitkemper
—
Deed Of Trust
related
$200,000 · Branch Banking & Trust Co
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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