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Property profile & analytics
OFF-MARKET
Estimated value
$3,770,000
Banks
400 Corey Ave St Pete Beach, FL 33706-1902
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4670463
Property summary
AI-generated overview
This exceptional commercial property, formerly a Wells Fargo Bank branch, presents a significant redevelopment opportunity in the heart of St. Pete Beach, Florida. The 1.1-acre lot encompasses 48,375 square feet, featuring a substantial 11,655 square foot, two-story building. Built in 1963, the Class B structure offers immense potential for diverse commercial uses, given its prime location and substantial size. The property is zoned TC-1, allowing for a variety of development options. The asking price is $2,900,000, translating to $248.82 per square foot. This represents a compelling investment opportunity for developers seeking a high-impact project in a thriving coastal community. The property's size and location make it ideal for a range of commercial ventures. Serious inquiries are encouraged.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1963
Construction
FRAME
Total area
11,655 SF
Lot
0.86 ac (37,623 SF)
APN
36-31-15-77994-055-0080
UPID
US18-4670463
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
-
Wells Fargo ATM Atm
-
Wells Fargo Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$3.77M
Owner & transaction history
Jkm Patio INC · 1 yrs held
Jkm Patio INC
since 2025
5 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 St Pete Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St Pete Beach 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
FINANCIAL BUILDING
$5,645,000
Current use
Blend value · Realmo final
$3.77M
Range $3.39M – $4.15M · ±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
$323 / 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
$33,619
Tax year 2023
Assessed value
$2,261,531
Assessed 2023
Previous assessed
$1,735,000
+30.3% YoY
Effective rate
1.49%
On assessed value
Land market value
$1,484,353
Improvement market value
$777,178
Total market value
$2,261,531
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1963
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
2
Total area
11,655 SF
Lot
0.86 ac (37,623 SF)
APN
36-31-15-77994-055-0080
UPID
US18-4670463
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
FINANCIAL BUILDING Current
Est. value
$5.6M
FINANCIAL BUILDING Current
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
1963
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Jkm Patio INC
Entity
Free & Clear · 1 yrs held
Mailing address
1514 JEFFERSON HWY #543, NEW ORLEANS, LA 70121-2429
Ownership since
2025
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
Feb 28, 2025
$200,000
Jkm Patio INC
Ochsner Clinic Foundation INC
Warranty Deed
—
Feb 27, 2025
$2,000,000
Jkm Solutions INC
Ochsner Clinic Foundation INC
Warranty Deed
—
Apr 5, 2017
—
Ochsner Clinic Foundation
Tansey E H & R L T C R U
Grant Deed
—
Aug 6, 2008
—
Tansey Ernest H Trust
Owner,record
Grant Deed
related
—
Dec 15, 2006
—
Tansey Ernest H Trust
Tansey,ernest H
Quit Claim Deed
—
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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