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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Hotels
532 Bch NE Dr Saint Petersburg, FL 33701-2615
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2297322
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1910
Construction
CONCRETE BLOCKS
Total area
3,679 SF
Lot
0.14 ac (6,133 SF)
APN
17-31-17-04842-010-0020
UPID
US18-2297322
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
-
Vinoy House Inn Bed & Breakfast Restaurant
-
Pampered Paws Mobile Salon Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$2.22M
Owner & transaction history
Boca Ciega Fl LLC · 4 yrs held
Boca Ciega Fl LLC
since 2022
Last sale
$2.0M
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 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
$2,585,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,035,000
Current use
OFFICE BUILDING
$2,450,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±10% · vs last sale $2.00M (Jan 7 2022)
Last sale anchor
$2.00M
Jan 7 2022
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
$602 / 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
$34,058
Tax year 2023
Assessed value
$1,715,000
Assessed 2023
Previous assessed
$1,650,000
+3.9% YoY
Effective rate
1.99%
On assessed value
Land market value
$1,261,486
Improvement market value
$453,514
Total market value
$1,715,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1910
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
7
Bathrooms
7
Total area
3,679 SF
Lot
0.14 ac (6,133 SF)
APN
17-31-17-04842-010-0020
UPID
US18-2297322
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
HOTEL/MOTEL Current
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.5M
HOTEL/MOTEL Current
OFFICE BUILDING
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
1910
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
7
Bathrooms
7
Lot
0.14 ac
Current owner
From public records · entity-resolved
Boca Ciega Fl LLC
Entity
Mailing address
1346 62ND AVE N, SAINT PETERSBURG, FL 33702-7334
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2022
$2,000,000
Boca Ciega Fl LLC
532 Beach Re LLC
Warranty Deed
$1,600,000 · Jeal Holdings LLC
Jan 7, 2022
—
532 Beach Re LLC
532 Beach Drive Re LLC
Quit Claim Deed
related
—
Jan 29, 2020
—
532 Beach Re LLC
—
Deed
related
$824,000 · Bank Of America
Jul 3, 2019
$1,400,000
532 Beach Drive Re LLC
Martino,roland L
Warranty Deed
—
Nov 5, 2018
—
Roland Martino
—
Deed
related
$32,664 · John & Lena Fussell
Jan 18, 2007
$1,200,000
Roland Martino
Roberts,michael C & Gulen I
Warranty Deed
$960,000 · American Brokers Conduit
Jan 5, 1998
$209,500
Michael C Roberts
Linowitz,barbara C
Grant Deed
$154,500 · Fhb Funding Corp
—
—
Roland Martino
—
Deed Of Trust
related
$32,664 · John & Lena Fussell
—
—
532 Beach Re LLC
—
Deed Of Trust
related
$824,000 · Bank Of America
—
—
Michael C Roberts
—
Deed Of Trust
related
$77,750 · Amsouth Bank
—
—
Michael C Roberts
—
Deed Of Trust
related
$475,000 · Century Bank Fsb
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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