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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Apartment buildings
501 116th N Ave Saint Petersburg, FL 33716-2700
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4070032
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
CONCRETE BLOCKS
Total area
4,850 SF
Lot
15.26 ac (664,713 SF)
APN
18-30-17-50949-002-0020
UPID
US18-4070032
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
-
Apartment 33 Apartment Building
-
E-Z Mobile Detailing & Carwash Car Wash
-
Gateway on 4th Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.07M
Owner & transaction history
Stp Mf LLC · 1 yrs held
Stp Mf LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+81.3%
Neighborhood: shopping center
$1.5M
+65.2%
Office building
$1.4M
+54.4%
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 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)
$935,000
Current use
AUTO REPAIR, GARAGE
$1,695,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,540,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$1,440,000
Change: +54% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,170,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$1,145,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$220 / 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
$742,208
Tax year 2023
Assessed value
$38,475,000
Assessed 2023
Previous assessed
$38,750,000
-0.7% YoY
Effective rate
1.93%
On assessed value
Land market value
$14,274,006
Improvement market value
$24,200,994
Total market value
$38,475,000
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
1975
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
33
Stories
1
Units
304
Bathrooms
372
Total area
4,850 SF
Lot
15.26 ac (664,713 SF)
APN
18-30-17-50949-002-0020
UPID
US18-4070032
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
$935,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1975
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
33
Units
304
Bathrooms
372
Lot
15.26 ac
Current owner
From public records · entity-resolved
Stp Mf LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2600 S DOUGLAS RDPH10, CORAL GABLES, FL 33134-6127
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
Jul 8, 2025
$37,030,000
Stp Mf LLC
Gateway Multifamily LLC
Special Warranty Deed
—
Jul 18, 2017
$32,882,000
Gateway Multifamily LLC
Gateway On 4th Apartments LLC
Special Warranty Deed
$22,474,000 · Berkadia Commercial Mortgage LLC
May 26, 2016
—
Gateway On 4th Apartments LLC
—
Deed
related
$20,520,000 · Berkadia Com'l Mtg
Feb 2, 2005
—
Rislake LLC
—
Trustees Deed
related
$13,360,000 · Lasalle National Bank
Jan 19, 2005
—
Weiner Michael S Tr
Rislake Apartments
Grant Deed
—
—
—
Rislake LLC
—
Deed Of Trust
related
$3,390,000 · Cibc INC
—
—
Gateway On 4th Apartments LLC
—
Loan Modification
related
$20,520,000 · Berkadia Com'l Mtg
—
—
Risklake LLC
—
Deed Of Trust
related
$3,390,000 · Cibc INC
—
—
Victor Hosler
—
Deed Of Trust
related
$12,007 · First Community Bank America
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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