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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Grocery and convenience stores
5797 38th N Ave Saint Petersburg, FL 33710-1925
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4552664
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1989
Construction
STEEL FRAME
Total area
960 SF
Lot
0.84 ac (36,630 SF)
APN
04-31-16-96426-000-0010
UPID
US18-4552664
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
-
Mobil Gas Station
-
CoinFlip Bitcoin ATM Bank Loan Service
-
Exxon Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.85M
Owner & transaction history
Caracara LLC · 3 yrs held
Caracara LLC
since 2022
Last sale
$2.0M
4 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
$2,265,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $2.00M (Dec 22 2022)
Last sale anchor
$2.00M
Dec 22 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
$1,927 / 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
$15,291
Tax year 2023
Assessed value
$770,000
Assessed 2023
Previous assessed
$722,000
+6.6% YoY
Effective rate
1.99%
On assessed value
Land market value
$454,934
Improvement market value
$315,066
Total market value
$770,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
960 SF
Lot
0.84 ac (36,630 SF)
APN
04-31-16-96426-000-0010
UPID
US18-4552664
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
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Caracara LLC
Entity
Mailing address
2865 EXECUTIVE DR, CLEARWATER, FL 33762-3316
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
$2,000,000
Caracara LLC
Jay And Orion Investments INC
Warranty Deed
$2,000,000 · Jay And Orion Investments INC
Jan 17, 2012
$2,430,000
Jay & Orion Investments INC
Opm-1 LLC
Grant Deed
—
Oct 20, 2008
$1,625,000
Opm-1 LLC
Jis Sunrise INC
Warranty Deed
$1,836,000 · Usameribank
Oct 28, 2003
$818,400
Jis Sunrise INC
Exxonmobil Oil Corp
Grant Deed
$880,000 · Community Bank Of Florida
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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