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Property profile & analytics
OFF-MARKET
Estimated value
$47,190,000
Apartment buildings
3115 Grand Ave Pinellas Park, FL 33782-6100
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-7216180
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2014
Construction
CONCRETE
Total area
242,400 SF
Lot
34.43 ac (1,499,570 SF)
APN
22-30-16-30374-000-0501
UPID
US18-7216180
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
-
Jill Sanborn & Associates Alternative Medicine Practice Spa & Massage Center
-
Epic at Gateway Apartments Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$47.19M
Blend (final)
Blend
$47.19M
Owner & transaction history
Apartments Of Gateway LLC · 13 yrs held
Apartments Of Gateway LLC
since 2012
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$67.3M
+77.6%
Warehouse, storage
$66.7M
+76.1%
Office building
$63.5M
+67.5%
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 Pinellas Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pinellas Park 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
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
Blend value · Realmo final
$47.19M
Range $42.47M – $51.91M · ±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
$195 / 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
$1,395,778
Tax year 2023
Assessed value
$67,250,000
Assessed 2023
Previous assessed
$66,750,000
+0.7% YoY
Effective rate
2.08%
On assessed value
Land market value
$13,410,527
Improvement market value
$53,839,473
Total market value
$67,250,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2014
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
4
Units
224
Bathrooms
518
Total area
242,400 SF
Lot
34.43 ac (1,499,570 SF)
APN
22-30-16-30374-000-0501
UPID
US18-7216180
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$37.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$67.3M
WAREHOUSE, STORAGE
Est. value
$66.7M
OFFICE BUILDING
Est. value
$63.5M
INDUSTRIAL (GENERAL)
Est. value
$47.5M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2014
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
4
Buildings
3
Units
224
Bathrooms
518
Lot
34.43 ac
Current owner
From public records · entity-resolved
Apartments Of Gateway LLC
Entity
Mailing address
477 S ROSEMARY AVE STE #301, WEST PALM BEACH, FL 33401-5758
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2012
$8,640,000
Apartments Of Gateway LLC
Hardy Huntley-gateway LLC
Grant Deed
$8,150,000 · Trgdht INC
Feb 7, 2007
$16,486,800
Gcl LLC
Tarpon Ridge INC
Grant Deed
—
Sep 22, 2003
$10,500,000
Tarpon Ridge INC
Centex Land Holdings LP
Grant Deed
$12,000,000 · Bankatlantic Fsb
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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