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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Warehouses
3101 44th N Ave Saint Petersburg, FL 33714-3807
Individually Owned
8-yr Hold
Free & Clear
Property ID
US18-5078464
Property summary
AI-generated overview
This exceptional 10,240-square-foot industrial property in St. Petersburg, Florida, presents a compelling investment opportunity. Located in the desirable Joes Creek sector, this single-story, 1965-built warehouse boasts a 14-foot ceiling height and sits on a spacious 30,360-square-foot lot. The building, renovated in 1992, features two 12-foot and three 8-foot roll-up doors, providing ample access for loading and unloading. Six parking spaces are available on-site, with additional space for expansion. The property includes a 3,500-square-foot mezzanine (not included in the 10,240 square foot total), offering versatile bonus space. The property is zoned E-1, and is currently occupied by the owner's business. The asking price is $1,799,000, translating to $175.68 per square foot. Showings are by appointment only. This is a corporation-owned, single-unit refrigerated/cold storage warehouse. Serious inquiries only.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,200 SF
Lot
0.91 ac (39,552 SF)
APN
02-31-16-44118-000-0031
UPID
US18-5078464
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
-
Hall's St Petersburg Wholesale (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.22M
Owner & transaction history
Island Invesments Ltd · 8 yrs held
Island Invesments Ltd
since 2018
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+64.3%
Neighborhood: shopping center
$2.3M
+49.7%
Office building
$2.1M
+39.9%
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
WAREHOUSE, STORAGE
$1,530,000
Current use
AUTO REPAIR, GARAGE
$2,515,000
Change: +64% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,290,000
Change: +50% · Conversion: Moderate
OFFICE BUILDING
$2,140,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,080,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$1,700,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±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
$308 / 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
$15,519
Tax year 2023
Assessed value
$760,000
Assessed 2023
Previous assessed
$760,000
+0.0% YoY
Effective rate
2.04%
On assessed value
Land market value
$278,877
Improvement market value
$481,123
Total market value
$760,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Bathrooms
1
Total area
7,200 SF
Lot
0.91 ac (39,552 SF)
APN
02-31-16-44118-000-0031
UPID
US18-5078464
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
WAREHOUSE, STORAGE Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Island Invesments Ltd
Individual
Free & Clear · 8 yrs held
Mailing address
3101 44TH AVE N, SAINT PETERSBURG, FL 33714-3807
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2018
$95,000
Island Invesments Ltd
Halls St Petersburg Wholesale
Warranty Deed
—
Jun 1, 2006
$550,000
St Petersburg Wholesale Halls
Hall Affiliates INC
Warranty Deed
—
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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