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Property profile & analytics
OFF-MARKET
Estimated value
$167,715,000
Hotels
333 1st S St Saint Petersburg, FL 33701-4342
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-3000204
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1970
Construction
CONCRETE BLOCKS
Total area
274,000 SF
Lot
3.51 ac (153,113 SF)
APN
19-31-17-74466-057-0090
UPID
US18-3000204
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
-
Tangerine at the Bayfront Hilton Restaurant
-
First Street Coffee Cafe & Coffee Shop
-
Hilton St. Petersburg Bayfront Hotel & Motel
-
Signature Massage Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$167.71M
Blend (final)
Blend
$167.72M
Owner & transaction history
Kt St Pete Fourth Ave Hotel LLC
Kt St Pete Fourth Ave Hotel LLC
since 2026
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
HOTEL/MOTEL
$225,930,000
Current use
OFFICE BUILDING
$182,625,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$167.72M
Range $150.94M – $184.49M · ±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
$612 / 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
$762,574
Tax year 2023
Assessed value
$38,400,000
Assessed 2023
Previous assessed
$38,500,000
-0.3% YoY
Effective rate
1.99%
On assessed value
Land market value
$19,039,018
Improvement market value
$19,360,982
Total market value
$38,400,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1970
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
15
Units
333
Bathrooms
371
Total area
274,000 SF
Lot
3.51 ac (153,113 SF)
APN
19-31-17-74466-057-0090
UPID
US18-3000204
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
HOTEL/MOTEL Current
Est. value
$225.9M
OFFICE BUILDING
Est. value
$182.6M
HOTEL/MOTEL Current
OFFICE BUILDING
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
1970
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
15
Units
333
Bathrooms
371
Lot
3.51 ac
Current owner
From public records · entity-resolved
Kt St Pete Fourth Ave Hotel LLC
Entity
Free & Clear · 0 yrs held
Mailing address
14185 DALLAS PKWY STE #1100, DALLAS, TX 75254-4308
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Mar 20, 2026
$67,200,000
Kt St Pete Fourth Ave Hotel LLC
St Petersburg Florida Hotel LP
Special Warranty Deed
—
Mar 20, 2026
—
Kt St Pete Fourth Ave Hotel LLC
St Petersburg Florida Hotel LP
Deed
related
—
Apr 7, 2020
—
Kt St Pete Bayfront LLC
—
Deed Of Trust
related
$156,600,000 · Wells Fargo Bk
Oct 11, 2019
$21,600,000
Kt St Pete Bayfront LLC
St Petersburg Florida Hotel LP
Grant Deed
$5,250,000 · St Petersburg Florida Land LP
Oct 11, 2017
—
Native Tongue Tampa Bay LLC
Judge,natalie P
Warranty Deed
—
Dec 23, 2005
—
Stpetersburg Florida Hotel
—
Deed Of Trust
related
$115,645,000 · Merrill Lynch Mortgage Lending
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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