Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3115 Grand Ave Pinellas Park, FL 33782-6100

    • Apartment buildings
    • 242,400 SF
    • 34.43 lot acres
    OFF-MARKET
    Value Estimations
    $47,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7216180
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jill Sanborn & Associates / Alternative Medicine Practice / Spa & Massage Center
    • Epic at Gateway Apartments / Apartment Building / Apartment Complex

    Property Details for 3115 Grand Ave

    Year built
    2014
    Construction
    CONCRETE
    Lot size
    34.43 lot acres
    Property size
    242,400 SF
    Property type
    Apartment buildings
    APN
    22-30-16-30374-000-0501
    APU
    223016303740000501

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $47,188,000
      Market price range: $31.9M - $47.2M
      AI Estimate
      $47,188,000
      Market price range: $31.9M - $47.2M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $37,895,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $67,290,000
      Change: +78% Conversion: Difficult
      WAREHOUSE, STORAGE
      $66,725,000
      Change: +76% Conversion: Difficult
      OFFICE BUILDING
      $63,480,000
      Change: +68% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $47,485,000
      Change: +25% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pinellas Park
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6798
    Latitude
    27.8496
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,395,778
    $0.00
    $0.00
    $67,250,000
    -
    $13,410,527
    $53,839,473
    $67,250,000

    Comparable in this City

    • Value Estimation
      $2,415,000
      12,400 SF

      9625 66th N St

      APARTMENT HOUSE (5+ UNITS) • 12,400 SF
      9625 66th N St, Pinellas Park, FL 33782-3006
      View Details
    • Value Estimation
      $1,090,000
      5,600 SF

      5202 Springwood Blvd

      APARTMENT HOUSE (5+ UNITS) • 5,600 SF
      5202 Springwood Blvd, Pinellas Park, FL 33782-2733
      View Details
    • Value Estimation by Request
      292,790 SF

      3110 Grand Ave

      APARTMENT HOUSE (5+ UNITS) • 292,790 SF
      3110 Grand Ave, Pinellas Park, FL 33782-6151
      View Details
    • Value Estimation by Request
      322,686 SF

      5501 110th N Ave

      APARTMENT HOUSE (5+ UNITS) • 322,686 SF
      5501 110th N Ave, Pinellas Park, FL 33782-2263
      View Details
    • Value Estimation
      $880,000
      4,525 SF

      2901 Gandy N Blvd

      APARTMENT HOUSE (5+ UNITS) • 4,525 SF
      2901 Gandy N Blvd, Pinellas Park, FL 33782-6243
      View Details
    • Value Estimation by Request
      147,613 SF

      8851 Us Hwy 19th N

      APARTMENT HOUSE (5+ UNITS) • 147,613 SF
      8851 Us Hwy 19th N, Pinellas Park, FL 33782-5827
      View Details

    Similar Nearby for Sale

    • $105,900

      Pristine Home in Clearwater Cascade

      Move-in ready, furnished 2-bed home in active 55+ community.
      9790 66Th St N 340, Pinellas Park, FL 33782
      View Details
    • Contact for pricing
      1.01 Acres

      Pinellas Park Development Site

      1.01-Acre Residential Land, 11 Units
      0 58Th St, Pinellas Park, FL 33782
      View Details
    • Contact for pricing
      1.92 Acres

      Prime Pinellas Park Industrial Land

      1.92-acre site, US Hwy 19 frontage.
      10280 Us Highway 19, Pinellas Park, FL 33782
      View Details
    • $1,750,000
      Pending

      Pinellas Park Retail Opportunity

      Retail property with high visibility and flexible suite configurations.
      8625 66Th St N, Pinellas Park, FL 33782
      View Details
    • $575,000
      1,960 SF

      Pinellas Park Retail/Showroom Space

      1,960 SF free-standing retail/showroom space with great visibility.
      9300 49Th St, Pinellas Park, FL 33782
      View Details
    • $700,000
      Pending

      Almost Two-Acre Lot

      Cleared 1.82-acre lot in Pinellas Park, no flood zone.
      11050 59Th St, Pinellas Park, FL 33782
      View Details

    Similar Nearby for Lease

    • $2,808,674

      Winn Dixie Anchored Retail Space

      Retail, office, and gym spaces available in Pinellas Park.
      6501 102Nd Ave N, Pinellas Park, FL 33782
      View Details
    • Contact for pricing

      Land and Office Space Available

      Land and office space for lease or build-to-suit.
      4511 Mainlands Blvd W, Pinellas Park, FL 33782
      View Details
    • Contact for pricing
      4,400 SF

      Park West Flex Space Available

      4,400 SF Flex Space in Pinellas County
      3985 Gateway Centre Blvd, Pinellas Park, FL 33782
      View Details
    • $22 SF/Yr
      127,667 SF

      Pinellas Park Retail/Office/Gym Space

      Retail, office, and gym spaces available in Pinellas Park, FL.
      6501 102Nd Ave N, Pinellas Park, FL 33782
      View Details
    • Contact for pricing
      21,256 SF

      Pinellas Park Warehouse Space Available

      Industrial warehouse space for lease in Pinellas Park, Florida.
      10530 47Th St, Pinellas Park, FL 33782
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3115 Grand Ave
    Pinellas Park, FL 33782-6100
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!