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Property profile & analytics
FOR LEASE
Office buildings
400 Carillon Pkwy St Petersburg, FL 33716
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US18-3150014
For Lease
1 / 2
$24,650,000
400 Carillon Pkwy, St Petersburg, FL 33716
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Construction
CONCRETE BLOCKS
Total area
63,784 SF
Lot
4.32 ac (188,353 SF)
APN
12-30-16-13463-004-0010
UPID
US18-3150014
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
-
Green market cafe Restaurant
-
Transworld M&A Advisors Business Broker
-
Edward Jones - Financial Advisor: Dean J Landsman, CFP®|ChFC®|CLU®|AAMS™ Financial Advisor
-
Avineon (Bike/Boat/Book/etc) Store Corporate Office
-
Dr. Harvey Mossak Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.65M
Blend (final)
Blend
$24.65M
Owner & transaction history
Castille At Carillon LLC · 23 yrs held
Castille At Carillon LLC
since 2002
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$39.2M
+106.6%
Commercial (general)
$38.3M
+102.1%
Auto repair, garage
$22.3M
+17.4%
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 St Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St 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
OFFICE BUILDING
$18,955,000
Current use
RESTAURANT
$39,155,000
Change: +107% · Conversion: Moderate
COMMERCIAL (GENERAL)
$38,305,000
Change: +102% · Conversion: Easy
AUTO REPAIR, GARAGE
$22,260,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$20,280,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$15,385,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$24.65M
Range $22.19M – $27.12M · ±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
$386 / 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
$297,881
Tax year 2023
Assessed value
$15,000,000
Assessed 2023
Previous assessed
$14,500,000
+3.4% YoY
Effective rate
1.99%
On assessed value
Land market value
$2,132,966
Improvement market value
$12,867,034
Total market value
$15,000,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1999
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
4
Bathrooms
27
Total area
63,784 SF
Lot
4.32 ac (188,353 SF)
APN
12-30-16-13463-004-0010
UPID
US18-3150014
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
OFFICE BUILDING Current
Est. value
$19.0M
RESTAURANT
Est. value
$39.2M
COMMERCIAL (GENERAL)
Est. value
$38.3M
AUTO REPAIR, GARAGE
Est. value
$22.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.3M
WAREHOUSE, STORAGE
Est. value
$15.4M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1999
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
4
Buildings
3
Bathrooms
27
Lot
4.32 ac
Current owner
From public records · entity-resolved
Castille At Carillon LLC
Entity
Mailing address
135 W CENTRAL BLVD STE #900, ORLANDO, FL 32801-2410
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2019
—
Castille At Carillon LLC
—
Loan Modification
related
$17,500,000 · Nxt Cap Invs Advisers LLC
Sep 12, 2016
—
Castille At Carillon LLC
—
Deed
related
$11,550,000 · Whitney Bank
Apr 27, 2011
—
Osprey Sa Ltd
—
Deed Of Trust
related
$69,453,408 · Wells Fargo Bank
Oct 14, 2008
—
Castille At Carillon LLC
—
Deed Of Trust
related
$74,025,000 · Wachovia Bank NA
Sep 22, 2008
—
Castille At Carillon LLC
—
Deed Of Trust
related
$14,250,000 · Comerica Bank
Aug 3, 2006
—
Castille At Carillon LLC
—
Deed Of Trust
related
$1,350,000 · Comerica Bank
Dec 3, 2002
$10,081,400
Castille At Carillon LLC
Heller Affordable Housing
Quit Claim Deed
related
$9,216,026 · Teachers Insurance & Annuity
—
—
Castille At Carillon LLC
—
Deed Of Trust
related
$11,550,000 · Whitney Bk
—
—
Castille At Carillon LLC
—
Deed Of Trust
related
$11,025 · Comerica Bank
—
—
Castille At Carillon LLC
—
Deed Of Trust
related
$1,875,000 · Comerica 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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