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Property profile & analytics
OFF-MARKET
Estimated value
$13,810,000
Day care centers
5101 1st NE St, Saint Petersburg, FL 33703-3009
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-3803861
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2004
Construction
CONCRETE BLOCKS
Total area
25,110 SF
Lot
27.52 ac (1,198,924 SF)
APN
06-31-17-81793-001-0010
UPID
US18-3803861
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
-
Shorecrest Preparatory School High School
-
Noodoe EV Charging Station Electric Vehicle Charging Station
-
Shorecrest and Drobots: Drone | Tech | Robotics | Coding Summer Camps For Kids Family Recreation Center
-
Shorecrest Preparatory School Summer Camps Family Recreation Center
-
Janet Root Theatre High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.81M
Blend (final)
Blend
$13.81M
Owner & transaction history
Shorecrest Preparatory Sch INC · 16 yrs held
Shorecrest Preparatory Sch INC
since 2010
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.4M
+84.6%
Commercial (general)
$15.1M
+80.6%
Auto repair, garage
$8.8M
+4.9%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$8,350,000
Current use
RESTAURANT
$15,415,000
Change: +85% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,080,000
Change: +81% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,765,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$13.81M
Range $12.43M – $15.19M · ±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
$550 / 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
$37,978,657
Assessed 2023
Previous assessed
$34,735,313
+9.3% YoY
Land market value
$4,678,400
Improvement market value
$33,300,257
Total market value
$37,978,657
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2004
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
17
Stories
1
Bathrooms
102
Total area
25,110 SF
Lot
27.52 ac (1,198,924 SF)
APN
06-31-17-81793-001-0010
UPID
US18-3803861
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$8.4M
RESTAURANT
Est. value
$15.4M
COMMERCIAL (GENERAL)
Est. value
$15.1M
AUTO REPAIR, GARAGE
Est. value
$8.8M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2004
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
17
Bathrooms
102
Lot
27.52 ac
Current owner
From public records · entity-resolved
Shorecrest Preparatory Sch INC
Entity
Mailing address
5101 1ST ST NE, SAINT PETERSBURG, FL 33703-3009
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Dec 28, 2017
—
Shorecrest Preparatory Sch INC
—
Loan Modification
related
$19,917,241 · Pinellas Cnty Educational Faci
Feb 17, 2010
—
Shorecrest Preparatory Sch INC
Florida Power Corp
Grant Deed
related
—
Jun 14, 2007
—
Shorecrest Preparatory Sch INC
—
Deed Of Trust
related
$12,133,334 · Columbus Bank & Trust Co
Jan 24, 2001
—
Shorecrest Preparatory School
—
Deed Of Trust
related
$5,090,277 · Suntrust Bank NA
—
—
Shorecrest Preparatory School
—
Deed Of Trust
related
$8,100,000 · Pinellas County Educational Fa
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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