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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Turn key restaurants
5519 Shr S Blvd, Gulfport, FL 33707-6033
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-2655083
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1952
Construction
WOOD FRAME
Total area
1,090 SF
Lot
0.12 ac (5,027 SF)
APN
33-31-16-09612-010-0080
UPID
US18-2655083
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$864k
Blend (final)
Blend
$865k
Owner & transaction history
Allan Edward William Bishop · 2 yrs held
Allan Edward William Bishop
since 2024
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 Gulfport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulfport 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
RESTAURANT
$670,000
Current use
COMMERCIAL (GENERAL)
$655,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$794 / 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
$7,986
Tax year 2023
Assessed value
$505,000
Assessed 2023
Previous assessed
$505,000
+0.0% YoY
Effective rate
1.58%
On assessed value
Land market value
$417,330
Improvement market value
$87,670
Total market value
$505,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1952
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
3
Total area
1,090 SF
Lot
0.12 ac (5,027 SF)
APN
33-31-16-09612-010-0080
UPID
US18-2655083
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
RESTAURANT Current
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$655,000
RESTAURANT Current
COMMERCIAL (GENERAL)
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
1952
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.12 ac
Current owner
From public records · entity-resolved
Allan Edward William Bishop
Individual
Free & Clear · 2 yrs held
Mailing address
3107 BCH BLVD S, GULFPORT, FL 33707-6027
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2024
—
Allan Edward William Bishop
Bishopco Holdings INC
Warranty Deed
—
Apr 11, 2019
$315,000
Bishopco Holdings INC
Greenacre Capital Group Ll LLC
Warranty Deed
—
Apr 2, 2019
$550,000
Bishopco Holdings INC
Armstrong Elizabeth H Trust
Grant Deed
—
Feb 6, 2019
—
Kling,aaron Living Trust
—
Deed
related
$525,000 · Gg V Inves LLC
Feb 27, 2018
—
Greenacre Capital Group II LLC
—
Trust Deed
related
$275,000 · Gg V Investments LLC
Mar 3, 2017
—
Elizabeth H Armstrong
Armstrong,elizabeth
Quit Claim Deed
related
—
Feb 20, 2017
$262,500
Greenacre Capital Group II LLC
Land Trust Numbered 5523 Shr
Grant Deed
related
—
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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