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Property profile & analytics
FOR SALE
Hotels
635 Bay St NE St Petersburg, FL 33701
Entity Owned
2-yr Hold
Property ID
US18-2655113
For Sale
1 / 51
$2,900,000
635 Bay St NE, St Petersburg, FL 33701
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1925
Construction
FRAME
Total area
3,946 SF
Lot
0.17 ac (7,558 SF)
APN
17-31-17-04842-007-0100
UPID
US18-2655113
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
-
ONE Inn and Suites Hotel & Motel Bed & Breakfast
-
Ageless Motion Wellness Program
-
Guerrilla Marketing Agency™ Advertising Agency Marketing & Advertising
-
Bay Street Inn Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$2.21M
Owner & transaction history
One Inn LLC · 2 yrs held
One Inn LLC
since 2023
Last sale
$2.0M
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 St Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St 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
HOTEL/MOTEL
$3,255,000
Current use
OFFICE BUILDING
$2,630,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.21M
Range $1.99M – $2.43M · ±10% · vs last sale $2.00M (Oct 17 2023)
Last sale anchor
$2.00M
Oct 17 2023
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
$560 / 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
$29,788
Tax year 2023
Assessed value
$1,500,000
Assessed 2023
Previous assessed
$1,500,000
+0.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$348,566
Improvement market value
$1,151,434
Total market value
$1,500,000
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
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
1925
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
3
Units
1
Bathrooms
11
Total area
3,946 SF
Lot
0.17 ac (7,558 SF)
APN
17-31-17-04842-007-0100
UPID
US18-2655113
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
HOTEL/MOTEL Current
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.6M
HOTEL/MOTEL Current
OFFICE BUILDING
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
1925
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Units
1
Bathrooms
11
Lot
0.17 ac
Current owner
From public records · entity-resolved
One Inn LLC
Entity
Mailing address
PO BOX 1726, BRADENTON, FL 34206-1726
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
$2,000,000
One Inn LLC
Walker & Tudhope Pa
Warranty Deed
$1,820,000 · Mortgage Lending Trust Fa23 299 LLC
Jun 14, 2023
—
Walker And Tudhope Pa
Wendy Stevens
Trustees Deed
related
—
Aug 5, 2022
—
Guerrilla Marketing Agency LLC
Hms Group Solutions LLC
Quit Claim Deed
related
—
Jun 1, 2021
$1,775,000
Hms Group Solutions LLC
David Paul Ambler
Warranty Deed
$1,420,000 · Mortgage Lending Trust
Aug 31, 2018
—
David Paul Ambler
—
Deed
related
$50,000 · Valley National Bank
Aug 23, 2018
$1,230,000
David Paul Ambler
Mary Angela Lauritano
Warranty Deed
$480,000 · Valley National Bank
Aug 20, 2012
$735,000
Mary Angela Lauritano
Sunset Bay Inn LLC
Warranty Deed
$588,000 · Ubs Bank USA
Oct 20, 2005
$1,250,000
Sunset Bay Inn LLC
William R Bruce
Warranty Deed
—
Jan 28, 1997
—
William R Bruce
—
Grant Deed
related
$135,000 · United Bank & Trust Co
—
—
William R Bruce
—
Deed Of Trust
related
$425,000 · Southtrust Bank NA
—
—
Mary Angela Lauritano
—
Deed Of Trust
related
$32,000 · Usalliance FCU
—
—
Martha W Bruce
—
Deed Of Trust
related
$594,900 · Loancity Com
—
—
Marth W Bruce
—
Deed Of Trust
related
$603,000 · Bankunited Fsb
—
—
William R Bruce
—
Deed Of Trust
related
$15,000 · United Bank & Trust Co
—
—
William R Bruce
—
Deed Of Trust
related
$180,000 · United Bank & Trust Co
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.
Try Rey
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