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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Drive through restaurants
6400 Park N Blvd Pinellas Park, FL 33781-3137
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5008158
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1977
Construction
CONCRETE BLOCKS
Total area
2,298 SF
Lot
0.55 ac (24,171 SF)
APN
28-30-16-71064-069-0010
UPID
US18-5008158
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
-
Tropical Smoothie Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.10M
Owner & transaction history
Noordstar Dev II LLC · 7 yrs held
Noordstar Dev II LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+10.0%
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 Pinellas Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pinellas Park 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
RESTAURANT
$1,300,000
Current use
COMMERCIAL (GENERAL)
$1,430,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$477 / 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
$13,129
Tax year 2023
Assessed value
$605,000
Assessed 2023
Previous assessed
$530,000
+14.2% YoY
Effective rate
2.17%
On assessed value
Land market value
$355,567
Improvement market value
$249,433
Total market value
$605,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1977
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
3
Total area
2,298 SF
Lot
0.55 ac (24,171 SF)
APN
28-30-16-71064-069-0010
UPID
US18-5008158
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
RESTAURANT Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT Current
COMMERCIAL (GENERAL)
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
1977
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.55 ac
Current owner
From public records · entity-resolved
Noordstar Dev II LLC
Entity
Mailing address
816 3RD AVE S, TIERRA VERDE, FL 33715-2223
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2018
$487,800
Noordstar Dev II LLC
Noordstar Ents III INC
Quit Claim Deed
related
$500,000 · Miscellaneous Ins Co
Apr 18, 2017
—
Noordstardevelopmentii LLC
—
Deed
related
$150,000 · Usameribank
Apr 6, 2017
—
Noordstar Dev II LLC
—
Deed
related
$1,029,000 · Usameribank
Mar 20, 2017
—
Noordstardevelopmentii LLC
—
Deed
related
$700,000 · Usameribank
Jun 24, 2013
$450,000
Noordstar Dev II LLC
Yu-litton Lancy Trust
Warranty Deed
$232,400 · First United Bank
Jun 24, 2013
—
Yu-litton,lancy Trust
Yu,chih-chung
Quit Claim Deed
related
$182,600 · First United Bank
Sep 17, 2012
—
Yu-litton Lancy Trust
Yu,chih-chung
Quit Claim Deed
related
—
Aug 31, 2012
—
Yu-litton Lancy Trust
Yu-litton,lancy
Quit Claim Deed
related
—
May 17, 2007
—
Lancy H Yu
Wu,deng S
Quit Claim Deed
related
—
—
—
Wen-lung Chen
—
Deed Of Trust
related
$120,000 · Community Investors Ltd
—
—
Noordstardevelopmentii LLC
—
Deed Of Trust
related
$700,000 · Usameribank
—
—
Noordstar Dev II LLC
—
Deed Of Trust
related
$1,029,000 · Usameribank
—
—
Noordstardevelopmentii LLC
—
Deed Of Trust
related
$150,000 · Usameribank
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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