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    5111 66th N St Saint Petersburg, FL 33709-3199
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    Property profile & analytics

    5111 66th N St, Saint Petersburg, FL 33709-3199

    View on Map
    • Office buildings
    • 11,288 SF
    • 1.06 lot acres
    Off-Market
    Property ID
    US18-3230555
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,265,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Brian A. Wiley, MD / Pediatrician / Physician
    • Shastri Milind MD / Physician / Medical Clinic
    • UAW Suncoast Retirees Council / Advocacy Group

    Property Details for 5111 66th N St

    Year built
    1975
    Construction
    CONCRETE BLOCKS
    Lot size
    1.06 lot acres
    Property type
    Office buildings
    APN
    05-31-16-70002-200-0900
    APU
    53116700022000900

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 23, 2015 — Three Angels Investment Co LLC Shastri,milind Warranty Deed —
    Aug 21, 2015 $445,000 Three Angels Investment Co LLC Your Care Investments LLC Warranty Deed —
    Jul 6, 2012 — Milind Shastri Shastri,milind Quit Claim Deed · related —
    Mar 3, 2008 $1,175,000 Your Care Investments LLC Harold F Albers Warranty Deed —
    Feb 11, 2002 $560,000 Harold F Albers Mitwalli,rick Grant Deed $448k · United Bank & Trust Co
    Jan 10, 2001 $440,000 Rick Mitwalli Carrollwood Executive Center Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,267,000
      Market price range: $2.27M - $4.83M
      AI Estimate
      $2,267,000
      Market price range: $2.27M - $4.83M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,355,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,590,000
      Change: +7% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,260,000
      Change: -3% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,725,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7279
    Latitude
    27.8185
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,993
    $0.00
    $0.00
    $900,000
    -
    $539,891
    $360,109
    $900,000

    Comparable in this City

    • Value Estimation
      $3,575,000
      13,526 SF

      6333 54th N Ave

      PROFESSIONAL BUILDING
      6333 54th N Ave, Saint Petersburg, FL 33709-1703
      View Details
    • Value Estimation by Request
      1,176 SF

      4948 42nd N Pl

      OFFICE BUILDING
      4948 42nd N Pl, Saint Petersburg, FL 33709-5724
      View Details
    • Value Estimation by Request
      1,530 SF

      7900 46th N Ave

      OFFICE BUILDING
      7900 46th N Ave, Saint Petersburg, FL 33709-2304
      View Details
    • Value Estimation
      $1,325,000
      7,620 SF

      8380 Bay Pnes Blvd

      OFFICE BUILDING
      8380 Bay Pnes Blvd, Saint Petersburg, FL 33709-4004
      View Details
    • Value Estimation by Request
      1,060 SF

      8119 46th N Ave

      OFFICE BUILDING
      8119 46th N Ave, Saint Petersburg, FL 33709-4109
      View Details
    • Value Estimation
      $13,145,000
      54,168 SF

      6006 49th N St

      PROFESSIONAL BUILDING
      6006 49th N St, Saint Petersburg, FL 33709-2148
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,353 SF

      St. Petersburg Commercial Building For Sale

      High-visibility commercial building suitable for office or event venue.
      5051 66Th St N, St Petersburg, FL 33709
      View Details
    • $385,000

      Mixed-Use Commercial Opportunity

      Mixed-use property with shop, yard, and office space.
      5201 66Th Way N, Saint Petersburg, FL 33709
      View Details
    • $275,000

      Versatile Commercial Building on 49th

      Commercial building with high visibility and customization potential.
      4498 49Th St N, Saint Petersburg, FL 33709
      View Details
    • Contact for pricing
      0.03 Acres

      Vacant Lot in 55+ Community

      Vacant lot in El Rey Mobile Home Park, St. Petersburg.
      4776 66Th Ln N, St Petersburg, FL 33709
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,804 SF

      St. Petersburg Professional Office Building

      Professional office building in St. Petersburg with suites available for rent.
      6880 46Th Ave N, St Petersburg, FL 33709
      View Details
    • Contact for pricing
      580 SF

      Renovated Office Space For Rent

      Newly renovated office space with ample parking on 66th.
      5825 66Th St N, Saint Petersburg, FL 33709
      View Details
    • $3 SF/Yr

      Retail/Office Space on Tyrone Blvd

      637 SF retail or office space available for lease.
      3805 Tyrone Blvd N 3805, St Petersburg, FL 33709
      View Details
    • Contact for pricing
      5,297 SF

      Office Space For Rent

      5297 square foot office space available for rent.
      5801 49Th St North, St Petersburg, FL 33709
      View Details
    • Contact for pricing
      3,017 SF

      Medical/Office Space For Rent

      Medical or office suites available with recent renovations and included services.
      5800 49Th Ave N, St Petersburg, FL 33709
      View Details
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    Saint Petersburg, FL 33709-3199
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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