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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
6450 1st N Ave Saint Petersburg, FL 33710-8402
Entity Owned
~
Est. High Equity
Property ID
US18-2692320
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1951
Construction
CONCRETE BLOCKS
Total area
1,728 SF
Lot
0.18 ac (8,002 SF)
APN
20-31-16-48204-015-0030
UPID
US18-2692320
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
-
Elements Spa Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$510k
Owner & transaction history
Jlf Ventures LLC
Jlf Ventures LLC
since 2025
Last sale
$595,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$605,000
+48.5%
Neighborhood: shopping center
$550,000
+35.3%
Warehouse, storage
$415,000
+2.6%
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
$425,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$440,000
7%
$410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$405,000
Current use
AUTO REPAIR, GARAGE
$605,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$415,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$410,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $595k (Dec 29 2025)
Last sale anchor
$595k
Dec 29 2025
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
$295 / 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
$7,646
Tax year 2023
Assessed value
$385,000
Assessed 2023
Previous assessed
$222,761
+72.8% YoY
Effective rate
1.99%
On assessed value
Land market value
$188,444
Improvement market value
$196,556
Total market value
$385,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1951
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,728 SF
Lot
0.18 ac (8,002 SF)
APN
20-31-16-48204-015-0030
UPID
US18-2692320
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
OFFICE BUILDING Current
Est. value
$405,000
AUTO REPAIR, GARAGE
Est. value
$605,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$550,000
WAREHOUSE, STORAGE
Est. value
$415,000
RETAIL STORES
Est. value
$410,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1951
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Jlf Ventures LLC
Entity
Mailing address
180 4TH AVE NE, SAINT PETERSBURG, FL 33701-3445
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
$595,000
Jlf Ventures LLC
Jk Vincenzo LLC
Warranty Deed
$404,300 · The Bank Of Tampa
Mar 31, 2022
$459,000
Jk Vincenzo LLC
Michael B Hitchens
Warranty Deed
—
Jan 16, 2014
$61,500
Erc Homes LLC
Federal Home Loan Mtg Corp
Grant Deed
$124,000 · Ihiw LLC
Dec 24, 2009
—
Paul W Hitchens
Hitchens,paul W
Quit Claim Deed
related
—
—
—
Paul W Hitchens
—
Deed Of Trust
related
$50,000 · 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.
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