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Property profile & analytics
OFF-MARKET
Estimated value
$19,340,000
Apartment buildings
5651 58th N Way Kenneth City, FL 33709-1945
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3263830
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
89,709 SF
Lot
4.39 ac (191,320 SF)
APN
32-30-16-00000-440-0400
UPID
US18-3263830
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
$12.70M
Comparable Approach
Comparable
$16.40M
Blend (final)
Blend
$19.34M
Owner & transaction history
Kc Flats LLC · 1 yrs held
Kc Flats LLC
since 2025
Last sale
$24.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$31.3M
+20.9%
Neighborhood: shopping center
$28.5M
+10.1%
Office building
$26.7M
+2.9%
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 Kenneth City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kenneth City 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
$20,860,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,750,000
6.5%
$12,695,000
7%
$11,785,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$25,905,000
Current use
AUTO REPAIR, GARAGE
$31,305,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$28,525,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$26,660,000
Change: +3% · Conversion: Moderate
WAREHOUSE, STORAGE
$21,640,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$21,175,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$19.34M
Range $17.41M – $21.27M · ±10% · vs last sale $24.84M (Jan 29 2025)
Last sale anchor
$24.84M
Jan 29 2025
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
$216 / 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
$164,964
Tax year 2023
Assessed value
$7,600,000
Assessed 2023
Previous assessed
$10,500,000
-27.6% YoY
Effective rate
2.17%
On assessed value
Land market value
$2,321,564
Improvement market value
$5,278,436
Total market value
$7,600,000
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
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
98
Bathrooms
118
Total area
89,709 SF
Lot
4.39 ac (191,320 SF)
APN
32-30-16-00000-440-0400
UPID
US18-3263830
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
$25.9M
AUTO REPAIR, GARAGE
Est. value
$31.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.5M
OFFICE BUILDING
Est. value
$26.7M
WAREHOUSE, STORAGE
Est. value
$21.6M
RETAIL STORES
Est. value
$21.2M
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
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
3
Units
98
Bathrooms
118
Lot
4.39 ac
Current owner
From public records · entity-resolved
Kc Flats LLC
Entity
Mailing address
3560 LENOX RD NE, ATLANTA, GA 30326-4266
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
$24,835,000
Kc Flats LLC
Ashford Bayside LLC
Special Warranty Deed
$16,328,000 · Walker & Dunlop LLC
Mar 23, 2023
—
Ashford Bayside LLC
—
Deed
related
$15,791,150 · Synovus Bank
Sep 30, 2019
$17,600,000
Ashford Bayside LLC
5870 56th LLC
Special Warranty Deed
$15,900,000 · Bbva USA
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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