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Property profile & analytics
OFF-MARKET
Estimated value
$3,440,000
Apartment buildings
5860 31st N St Saint Petersburg, FL 33714-1376
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-7986411
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2010
Construction
CONCRETE BLOCKS
Total area
18,810 SF
Lot
1.03 ac (44,697 SF)
APN
35-30-16-00000-320-1900
UPID
US18-7986411
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
$3.44M
Blend (final)
Blend
$3.44M
Owner & transaction history
Pinellas Cnty Cmnty Hsng Pr · 17 yrs held
Pinellas Cnty Cmnty Hsng Pr
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.6M
+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 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)
$5,430,000
Current use
OFFICE BUILDING
$5,590,000
Change: +3% · Conversion: Moderate
RETAIL STORES
$4,440,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.44M
Range $3.10M – $3.78M · ±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
$183 / 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
$2,379
Tax year 2023
Assessed value
$2,653,130
Assessed 2023
Previous assessed
$2,428,789
+9.2% YoY
Effective rate
0.09%
On assessed value
Land market value
$569,861
Improvement market value
$2,083,269
Total market value
$2,653,130
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
2010
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
18
Bathrooms
18
Total area
18,810 SF
Lot
1.03 ac (44,697 SF)
APN
35-30-16-00000-320-1900
UPID
US18-7986411
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
OFFICE BUILDING
Est. value
$5.6M
RETAIL STORES
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
2010
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Units
18
Bathrooms
18
Lot
1.03 ac
Current owner
From public records · entity-resolved
Pinellas Cnty Cmnty Hsng Pr
Individual
Mailing address
11923 OAK TRL WAY #111, PORT RICHEY, FL 34668-1064
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2009
—
Pinellas Cnty Cmnty Hsng Pr
Contemporary Hsng Alternatives
Warranty Deed
$1,000,000 · Pinellas County (fl)
Sep 25, 2008
—
Contemporary Hsng Alternatives
—
Deed Of Trust
related
$1,000,000 · Pinellas County Board Commissi
Jun 7, 2007
$324,600
Contemporary Hsng Alternatives
Saunders Construction Co INC
Warranty Deed
$351,691 · Pinellas County Board Commissi
Feb 23, 2007
$300,000
Saunders Construction Co INC
Sunset Capital LLC
Warranty Deed
—
Feb 12, 2007
$98,900
Sunset Capital LLC
Hugo,robert Coc
Trustees Deed
related
—
Dec 19, 2003
$92,600
Land Trust Management Service
Hugo,robert A
Grant Deed
$12,000 · Stephen B Lafferty Ira
—
—
Chaf Properties LLC
—
Deed Of Trust
related
$695,000 · First Housing Development Fl
—
—
Robert A Hugo
—
Deed Of Trust
related
$85,000 · Accredited Home Lenders
—
—
Contemporary Hsng Alternatives
—
Deed Of Trust
related
$351,691 · Pinellas County (fl)
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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