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Property profile & analytics
OFF-MARKET
Estimated value
$5,225,000
Apartment buildings
3491 62nd N Ave Pinellas Park, FL 33781-6200
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2209538
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
CONCRETE BLOCKS
Total area
20,653 SF
Lot
1.59 ac (69,348 SF)
APN
34-30-16-47034-000-0011
UPID
US18-2209538
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
-
Frank Cascio Home painting Hardware & Home Improvement Interior Design
-
Touched By An Angel Ministries Charitable Organization Social Service Agency
-
MaikumCdeDeals Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.47M
Blend (final)
Blend
$5.23M
Owner & transaction history
Park 62 Florida LLC · 4 yrs held
Park 62 Florida LLC
since 2021
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.8M
+112.7%
Warehouse, storage
$5.9M
+83.1%
Office building
$5.8M
+80.9%
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 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
$5,765,000
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)
$3,195,000
Current use
AUTO REPAIR, GARAGE
$6,790,000
Change: +113% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,850,000
Change: +83% · Conversion: Difficult
OFFICE BUILDING
$5,775,000
Change: +81% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,735,000
Change: +79% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,595,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$5.23M
Range $4.70M – $5.75M · ±10% · vs last sale $5.70M (Oct 1 2021)
Last sale anchor
$5.70M
Oct 1 2021
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
$253 / 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
$102,906
Tax year 2023
Assessed value
$4,850,000
Assessed 2023
Previous assessed
$4,850,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Land market value
$1,281,968
Improvement market value
$3,568,032
Total market value
$4,850,000
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
1988
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
29
Bathrooms
53
Total area
20,653 SF
Lot
1.59 ac (69,348 SF)
APN
34-30-16-47034-000-0011
UPID
US18-2209538
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
$3.2M
AUTO REPAIR, GARAGE
Est. value
$6.8M
WAREHOUSE, STORAGE
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1988
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
29
Bathrooms
53
Lot
1.59 ac
Current owner
From public records · entity-resolved
Park 62 Florida LLC
Entity
Mailing address
717 37TH ST WB, BRADENTON, FL 34205-2437
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$5,700,000
Park 62 Florida LLC
Capitol Investment Properties Of Fl
Special Warranty Deed
$3,148,000 · Cbre Loan Services INC
Nov 4, 2019
—
Capitol Invs Prop Of Florida LLC
—
Deed
related
$3,200,000 · Hunt Mtg Ptrs LLC
Oct 24, 2017
—
Capitol Inv Props Of Florida LLC
—
Deed
related
$2,450,000 · Hunt Mtg Ptrs LLC
Jul 10, 2015
$2,700,000
Capitol Investment Properties
62nd Avenue Properties LLC
Grant Deed
$2,025,000 · Readycap Com'l
Jun 2, 2009
$2,513,100
Superior Bk
Dgl Investments LLC
Deed In Lieu Of Foreclosure
related
—
Sep 19, 2005
$3,600,000
Dgl Investments LLC
Kavanaugh Ents LLC
Warranty Deed
$2,700,000 · Peoples Community Bank W Coast
Oct 7, 2003
$1,925,000
Kavanaugh Enterprises LLC
Starliter INC
Grant Deed
$1,347,500 · First Citrus Bank
Mar 24, 2003
$1,650,000
Starliter INC
Star Extended Stay Motel INC
Grant Deed
related
—
Feb 4, 2002
$1,408,100
Star Extended Stay Motel INC
Bay Lawn Motel INC
Grant Deed
—
—
—
Brahmas INC
—
Deed Of Trust
related
$1,000,000 · First Citrus Bank
—
—
Capitol Invs Prop Of Florida LLC
—
Loan Modification
related
$3,200,000 · Hunt Mtg Ptrs LLC
—
—
62nd Avenue Properties LLC
—
Deed Of Trust
related
$2,160,000 · Usameribank
—
—
Brahmas INC
—
Deed Of Trust
related
$208,355 · First Citrus Bank
—
—
Capitol Inv Props Of Florida LLC
—
Deed Of Trust
related
$2,450,000 · Hunt Mtg Ptrs LLC
—
—
Brahmas INC
—
Deed Of Trust
related
$333,270 · First Citrus Bank
—
—
Kavanaugh Ents LLC
—
Deed Of Trust
related
$20,280 · First Citrus Bank
—
—
Kavanaugh Ents LLC
—
Deed Of Trust
related
$270,000 · First Citrus Bank
—
—
Kavanaugh Ents LLC
—
Deed Of Trust
related
$1,080,000 · First Citrus Bank
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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