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Property profile & analytics
OFF-MARKET
Estimated value
$5,175,000
Apartment buildings
4888 21st N Ave Saint Petersburg, FL 33713-3100
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-1779662
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
CONCRETE BLOCKS
Total area
26,716 SF
Lot
1.18 ac (51,440 SF)
APN
16-31-16-59382-000-0010
UPID
US18-1779662
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
$5.17M
Blend (final)
Blend
$5.18M
Owner & transaction history
Hsng Authority St. Petersburg · 14 yrs held
Hsng Authority St. Petersburg
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.5M
+66.1%
Office building
$7.9M
+53.9%
Warehouse, storage
$6.9M
+34.2%
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)
$5,115,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,495,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$7,870,000
Change: +54% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,865,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$6,305,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$5.18M
Range $4.66M – $5.69M · ±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
$194 / 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
Assessed value
$3,294,801
Assessed 2023
Previous assessed
$3,064,257
+7.5% YoY
Land market value
$874,429
Improvement market value
$2,420,372
Total market value
$3,294,801
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
1965
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
34
Bathrooms
44
Total area
26,716 SF
Lot
1.18 ac (51,440 SF)
APN
16-31-16-59382-000-0010
UPID
US18-1779662
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
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.5M
OFFICE BUILDING
Est. value
$7.9M
WAREHOUSE, STORAGE
Est. value
$6.9M
RETAIL STORES
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1965
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
34
Bathrooms
44
Lot
1.18 ac
Current owner
From public records · entity-resolved
Hsng Authority St. Petersburg
Entity
Mailing address
2001 GANDY BLVD N, SAINT PETERSBURG, FL 33702-2187
Ownership since
2012
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
Feb 29, 2012
$1,500,000
Hsng Authority St. Petersburg
4888 Recovery LLC
Warranty Deed
—
Jun 16, 2011
$200,100
4888 Recovery LLC
Kl Investment LLC Coc
Trustees Deed
related
—
Mar 1, 2006
$2,695,000
Kl Investment LLC
North St Petersburg Apartments LLC
Special Warranty Deed
$2,156,000 · Commerce Bank NA
Aug 3, 2005
$1,850,000
North St. Petersburg Apartments
Delacqueseaux,robert E & Sandra J
Grant Deed
—
Aug 3, 2005
—
Claudine R Delacqueseaux
Kings Ctyd Apartments Trust
Grant Deed
related
—
May 16, 2001
$1,332,500
Courtyard Apartment Land Kings
Kings Courtyard Apartments
Grant Deed
related
—
Apr 22, 1998
$799,000
Gould,j H & Rita A
Chambers,joseph H
Trustees Deed
—
—
—
4888 Recovery LLC
—
Deed Of Trust
related
$700,000 · John G & Cindi C Thomas
—
—
Courtyard Apartments Kings
—
Deed Of Trust
related
$810,000 · Intervest Corp Of New York
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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