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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Warehouses
615 27th S St Saint Petersburg, FL 33712-1647
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5031134
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,080 SF
Lot
0.26 ac (11,112 SF)
APN
23-31-16-17298-010-0010
UPID
US18-5031134
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
-
ATW Trailer Rental Car Rental Facility
-
LibertyX Bitcoin ATM Atm
-
13 Moons Alchemy Apothecary and Tea (Bike/Boat/Book/etc) Store Specialty Food Shop
-
Cardinal Studios LLC (Bike/Boat/Book/etc) Store Photography Service
-
The Mad Monk Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Fl Commercial LLC · 2 yrs held
Fl Commercial LLC
since 2024
Last sale
$1.2M
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 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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$1,135,000
6.5%
$1,045,000
7%
$970,000
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Jan 31 2024)
Last sale anchor
$1.20M
Jan 31 2024
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
$149 / 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
$7,749
Tax year 2023
Assessed value
$542,000
Assessed 2023
Previous assessed
$440,000
+23.2% YoY
Effective rate
1.43%
On assessed value
Land market value
$329,741
Improvement market value
$212,259
Total market value
$542,000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
3
Total area
8,080 SF
Lot
0.26 ac (11,112 SF)
APN
23-31-16-17298-010-0010
UPID
US18-5031134
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Fl Commercial LLC
Entity
Mailing address
4700 22ND AVE S #3, ST PETERSBURG, FL 33711-2926
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
—
Fl Commercial LLC
—
Deed
related
$900,000 · Grow Financial FCU
Jan 31, 2024
$1,200,000
Fl Commercial LLC
615 27th St S LLC
Special Warranty Deed
—
Jan 15, 2014
$171,700
615 27th St S LLC
Sorrell,sorrell H
Warranty Deed
—
Nov 20, 2003
—
S H Sorrell
Wright,francis L
Quit Claim Deed
related
—
Apr 18, 2003
—
Francis L Wright
Sorrell,sorrell H
Quit Claim Deed
related
—
—
—
615 27th St S LLC
—
Deed Of Trust
related
$1,975,000 · Iberiabank
—
—
S H Sorrell
—
Deed Of Trust
related
$110,000 · Louis Demarco
—
—
S H Sorrell
—
Deed Of Trust
related
$110,000 · Louis Demarco
—
—
S H Sorrell
—
Deed Of Trust
related
$110,000 · Louis Demarco
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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