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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Office buildings
411 Saint Petersburg E Dr Oldsmar, FL 34677-3713
Entity Owned
6-yr Hold
Property ID
US18-7624476
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2022
Construction
CONCRETE BLOCKS
Total area
5,778 SF
Lot
0.7 ac (30,592 SF)
APN
24-28-16-27453-000-0010
UPID
US18-7624476
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$977k
Blend (final)
Blend
$975k
Owner & transaction history
Family Of Five LLC · 6 yrs held
Family Of Five LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+41.3%
Apartment house (5+ units)
$1.5M
+28.6%
Retail stores
$1.3M
+12.3%
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 Oldsmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oldsmar 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
$1,135,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,605,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,460,000
Change: +29% · Conversion: Easy
RETAIL STORES
$1,275,000
Change: +12% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,245,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$169 / 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
$12,862
Tax year 2023
Assessed value
$737,465
Assessed 2023
Previous assessed
$422,544
+74.5% YoY
Effective rate
1.74%
On assessed value
Land market value
$442,045
Improvement market value
$295,420
Total market value
$737,465
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
Status
Off-Market
Year built
2022
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
NONE
Stories
2
Total area
5,778 SF
Lot
0.7 ac (30,592 SF)
APN
24-28-16-27453-000-0010
UPID
US18-7624476
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
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2022
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Family Of Five LLC
Entity
Mailing address
3935 TAMPA RD STE #4, OLDSMAR, FL 34677-3106
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2020
—
Family Of Five LLC
—
Deed
related
$1,656,000 · Bank Of Tampa
Oct 17, 2019
$500,000
Family Of Five LLC
Library Lofts LLC
Warranty Deed
$1,656,000 · The Bank Of Tampa
Nov 12, 2010
$414,500
Library Lofts LLC
John Michael Homes INC
Warranty Deed
$279,500 · Florida Bank
Jan 16, 2007
$630,000
John Michael Homes INC
Russo,andrew K & Doris K
Grant Deed
related
$472,500 · Regions Bank
Oct 17, 2005
—
Russo Doris K Trust
Russo,doris K
Quit Claim Deed
related
—
—
—
Library Lofts LLC
—
Deed Of Trust
related
$200,000 · Cadence Bk
—
—
Family Of Five LLC
—
Loan Modification
related
$1,656,000 · Bank Of Tampa
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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