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Property profile & analytics
OFF-MARKET
Estimated value
$11,605,000
Warehouses
5890 54th N Ave Kenneth City, FL 33709-1902
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-3689169
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
CONCRETE BLOCKS
Total area
34,578 SF
Lot
3.27 ac (142,489 SF)
APN
05-31-16-46044-000-0021
UPID
US18-3689169
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
$11.61M
Blend (final)
Blend
$11.61M
Owner & transaction history
Space Props Eighty Six L Extra · 13 yrs held
Space Props Eighty Six L Extra
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.1M
+44.7%
Neighborhood: shopping center
$11.0M
+31.8%
Office building
$10.3M
+23.2%
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
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
WAREHOUSE, STORAGE
$8,340,000
Current use
AUTO REPAIR, GARAGE
$12,065,000
Change: +45% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$10,995,000
Change: +32% · Conversion: Moderate
OFFICE BUILDING
$10,275,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,985,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$8,160,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$11.61M
Range $10.44M – $12.77M · ±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
$336 / 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
$105,442
Tax year 2023
Assessed value
$4,630,000
Assessed 2023
Previous assessed
$4,230,000
+9.5% YoY
Effective rate
2.28%
On assessed value
Land market value
$894,501
Improvement market value
$3,735,499
Total market value
$4,630,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
2
Total area
34,578 SF
Lot
3.27 ac (142,489 SF)
APN
05-31-16-46044-000-0021
UPID
US18-3689169
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
WAREHOUSE, STORAGE Current
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$12.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.0M
OFFICE BUILDING
Est. value
$10.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.0M
RETAIL STORES
Est. value
$8.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1979
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
3.27 ac
Current owner
From public records · entity-resolved
Space Props Eighty Six L Extra
Individual
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2013
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
Jun 28, 2013
—
Space Props Eighty Six L Extra
Extra Space Properties Two LLC
Quit Claim Deed
$57,694,000 · Pnc Bank
Jan 9, 2013
$4,250
Extra Space Prop Two LLC
Quality Self Storage Kenneth C
Warranty Deed
—
May 26, 2010
$2,050,000
Self Storage Kenneth C Quality
Servant Invs Self Storage LLC
Grant Deed
—
Feb 4, 2008
$2,100,000
Servant Investments Self Storage Ca
Conrad Frank LLC
Warranty Deed
$4,955,000 · M & I Marshall & Ilsley Bank
Jun 6, 2005
$1,025,000
Conrad Frank LLC
Amf Bowling Centers INC
Grant Deed
—
Dec 17, 1997
$1,450,000
Amf Bowling Centers INC
Kenneth City Bowl INC
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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