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Property profile & analytics
OFF-MARKET
Estimated value
$11,470,000
Apartment buildings
3600 49th N Ave Saint Petersburg, FL 33714-3000
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4289558
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
CONCRETE BLOCKS
Total area
27,176 SF
Lot
6.58 ac (286,681 SF)
APN
03-31-16-00000-140-0800
UPID
US18-4289558
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
-
Waterside Village Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.94M
Blend (final)
Blend
$11.47M
Owner & transaction history
Pueblo Village Apartments LLC · 5 yrs held
Pueblo Village Apartments LLC
since 2020
Last sale
$12.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.7M
+112.6%
Commercial (general)
$16.3M
+108.0%
Auto repair, garage
$9.5M
+20.9%
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
APARTMENT HOUSE (5+ UNITS)
$7,845,000
Current use
RESTAURANT
$16,685,000
Change: +113% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,320,000
Change: +108% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,485,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,640,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$8,075,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$11.47M
Range $10.32M – $12.62M · ±10% · vs last sale $12.00M (Dec 17 2020)
Last sale anchor
$12.00M
Dec 17 2020
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
$422 / 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
$264,690
Tax year 2023
Assessed value
$13,000,000
Assessed 2023
Previous assessed
$10,625,000
+22.4% YoY
Effective rate
2.04%
On assessed value
Land market value
$6,051,892
Improvement market value
$6,948,108
Total market value
$13,000,000
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
1976
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Buildings
26
Stories
1
Units
54
Bathrooms
104
Total area
27,176 SF
Lot
6.58 ac (286,681 SF)
APN
03-31-16-00000-140-0800
UPID
US18-4289558
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
$7.8M
RESTAURANT
Est. value
$16.7M
COMMERCIAL (GENERAL)
Est. value
$16.3M
AUTO REPAIR, GARAGE
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.6M
OFFICE BUILDING
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1976
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
26
Units
54
Bathrooms
104
Lot
6.58 ac
Current owner
From public records · entity-resolved
Pueblo Village Apartments LLC
Entity
Mailing address
PO BOX 8504, RANCHO SANTA FE, CA 92067-8504
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
$12,000,000
Pueblo Village Apartments LLC
Waterside Village Apartments LLC
Warranty Deed
$6,000,000 · Cure Multifamily Capital INC
Jun 6, 2018
$7,800,000
Waterside Vlg Apts LLC
49th Avenue Apartments LLC
Grant Deed
$10,140,000 · Bankfinancial NA
Apr 28, 2017
$5,700,000
49th Avenue Apartments LLC
Waterside Village LP
Trustees Deed
$11,400,000 · Usameribank
May 24, 2000
$2,612,500
Rsg Family LP Waterside Vllg
Little Trust
Grant Deed
—
Feb 27, 1997
—
Little Trust
—
Grant Deed
related
$1,000,000 · Amresco Capital Corporation
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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