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Property profile & analytics
OFF-MARKET
Apartment buildings
4701 88th N Ave Pinellas Park, FL 33782-5726
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5351269
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
CONCRETE BLOCKS
Total area
2,704 SF
Lot
13.79 ac (600,575 SF)
APN
21-30-16-69822-400-4900
UPID
US18-5351269
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
-
Runaway Bay Apartments Apartment Complex Apartment Building
-
Dr. John Caruso, DO Physician
-
Chase’s place Apartment Building
-
Brady Investigations Law Firm Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Runaway II Fee Owner LLC · 1 yrs held
Runaway II Fee Owner LLC
since 2025
Last sale
$30.4M
7 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$555,864
Tax year 2023
Assessed value
$27,100,000
Assessed 2023
Previous assessed
$26,500,000
+2.3% YoY
Effective rate
2.05%
On assessed value
Land market value
$7,788,583
Improvement market value
$19,311,417
Total market value
$27,100,000
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
10
Stories
1
Units
192
Bathrooms
276
Total area
2,704 SF
Lot
13.79 ac (600,575 SF)
APN
21-30-16-69822-400-4900
UPID
US18-5351269
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
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
10
Units
192
Bathrooms
276
Lot
13.79 ac
Current owner
From public records · entity-resolved
Runaway II Fee Owner LLC
Entity
Mailing address
10100 SANTA MONICA BLVD STE #400, LOS ANGELES, CA 90067-4108
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
$30,400,000
Runaway II Fee Owner LLC
Runaway Bay Fee Owner LLC
Special Warranty Deed
—
Jun 26, 2019
$25,150,000
Runaway Bay Fee Owner LLC
Jik Pinellas Park Lllp
Grant Deed
related
—
Jun 25, 2019
$100
Jik Pinellas Park Lllp
Pinellas-oxford Associates LP
Quit Claim Deed
$18,939,000 · Newmark Knight Frank
Oct 11, 2017
—
Jik Pinellas Park Lllp
—
Deed
related
$4,563,000 · Cbre Cap Markets
Mar 5, 2013
—
Jik Pinellas Park Lllp
Pinellas-oxford Assocs LP
Quit Claim Deed
related
—
Jul 13, 2012
$12,000,000
Jik Pinellas Park Lllp
Pinellas Oxford Associates Limited
Special Warranty Deed
—
Sep 3, 2010
—
First United Methodist Ch Of Pine
—
Trustees Deed
related
$27,192 · Cornerstone Community Bank
—
—
Munaf S Kapadia
—
Deed Of Trust
related
$29,100 · Suntrust Bank NA
—
—
Jik Pinellas Park Lllp
—
Deed Of Trust
related
$4,563,000 · Cbre Cap Markets
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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