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Property profile & analytics
OFF-MARKET
Estimated value
$6,185,000
Apartment buildings
540 Trinity N Ln Saint Petersburg, FL 33716-1278
Entity Owned
~
Est. High Equity
Property ID
US18-4576436
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Construction
CONCRETE
Total area
28,230 SF
Lot
13.21 ac (575,449 SF)
APN
12-30-16-13463-003-0110
UPID
US18-4576436
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
-
Provenza at St. Pete Apartment Complex Apartment Building
-
CrAfTyCaNvAs- Clifton Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.19M
Blend (final)
Blend
$6.19M
Owner & transaction history
Hit Palmera Gateway Apartments LLC
Hit Palmera Gateway Apartments LLC
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.9M
+81.3%
Neighborhood: shopping center
$9.0M
+65.2%
Office building
$8.4M
+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)
$5,435,000
Current use
AUTO REPAIR, GARAGE
$9,850,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,975,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$8,390,000
Change: +54% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,810,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$6,665,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$6.19M
Range $5.57M – $6.80M · ±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
$219 / 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
$1,320,440
Tax year 2023
Assessed value
$67,000,000
Assessed 2023
Previous assessed
$60,250,000
+11.2% YoY
Effective rate
1.97%
On assessed value
Land market value
$17,173,941
Improvement market value
$49,826,059
Total market value
$67,000,000
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
2013
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Buildings
6
Stories
3
Units
28
Bathrooms
493
Total area
28,230 SF
Lot
13.21 ac (575,449 SF)
APN
12-30-16-13463-003-0110
UPID
US18-4576436
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
$5.4M
AUTO REPAIR, GARAGE
Est. value
$9.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.0M
OFFICE BUILDING
Est. value
$8.4M
WAREHOUSE, STORAGE
Est. value
$6.8M
RETAIL STORES
Est. value
$6.7M
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
2013
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
3
Buildings
6
Units
28
Bathrooms
493
Lot
13.21 ac
Current owner
From public records · entity-resolved
Hit Palmera Gateway Apartments LLC
Entity
Mailing address
6191 N STATE HWY 161ST STE #100, IRVING, TX 75038-2290
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
$93,000,000
Hit Palmera Gateway Apartments LLC
Mref III St Pete LLC
Special Warranty Deed
$59,000,000 · American General Life Insurance Co
Dec 23, 2019
$70,250,000
Mref III St Pete LLC
Passco St Petersburg Dst
Special Warranty Deed
$43,000,000 · Allstate Life Insurance Company
Mar 9, 2015
$55,587,500
Passco St Petersburg Dst
Trinity Lane Multifamily LLC
Grant Deed
$37,000,000 · Keybank USA
Nov 30, 2012
$6,315,700
Trinity Lane Multifamily LLC
Tiaa The Reserve II LLC
Special Warranty Deed
$29,978,000 · Suntrust Bank
Dec 3, 2002
$5,250,000
Tiaa The Reserve II LLC
Heller Affordable Housing
Grant Deed
—
Apr 16, 1998
$3,100,000
Echelon At The Reserve I INC
Gateway Joint Venture
Grant Deed
—
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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