Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    646 88th N Ave Saint Petersburg, FL 33702-3447

    • Apartment buildings
    • 5,652 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimations
    $1,165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5302077
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Clean Paint & Design / Painting Service / General Contractor

    Property Details for 646 88th N Ave

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    1.44 lot acres
    Property size
    5,652 SF
    Property type
    Apartment buildings
    APN
    19-30-17-45684-000-0760
    APU
    193017456840000760

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,166,000
      Market price range: $812k - $1.17M
      AI Estimate
      $1,166,000
      Market price range: $812k - $1.17M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $985,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,795,000
      Change: +82% Conversion: Difficult
      OFFICE BUILDING
      $1,680,000
      Change: +70% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,365,000
      Change: +38% Conversion: Difficult
      RETAIL STORES
      $1,335,000
      Change: +35% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.642
    Latitude
    27.8523
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $63,706
    $0.00
    $0.00
    $3,250,000
    -
    $1,037,053
    $2,212,947
    $3,250,000

    Comparable in this City

    • Value Estimation
      $880,000
      6,144 SF

      7231 Cedar Ct

      APARTMENT HOUSE (5+ UNITS) • 6,144 SF
      7231 Cedar Ct, Saint Petersburg, FL 33702-5544
      View Details
    • Value Estimation by Request
      80,064 SF

      2000 Gandy N Blvd

      APARTMENT HOUSE (5+ UNITS) • 80,064 SF
      2000 Gandy N Blvd, Saint Petersburg, FL 33702-2188
      View Details
    • Value Estimation
      $975,000
      6,780 SF

      424 75th N Ave

      APARTMENT HOUSE (5+ UNITS) • 6,780 SF
      424 75th N Ave, Saint Petersburg, FL 33702-5335
      View Details
    • Value Estimation
      $23,620,000
      114,476 SF

      10475 Gandy N Blvd

      APARTMENT HOUSE (5+ UNITS) • 114,476 SF
      10475 Gandy N Blvd, Saint Petersburg, FL 33702-2498
      View Details
    • Value Estimation
      $2,870,000
      13,899 SF

      10601 Gandy N Blvd

      APARTMENT HOUSE (5+ UNITS) • 13,899 SF
      10601 Gandy N Blvd, Saint Petersburg, FL 33702-1470
      View Details
    • Value Estimation
      $1,345,000
      6,523 SF

      201 Jefferson N Cir

      APARTMENT HOUSE (5+ UNITS) • 6,523 SF
      201 Jefferson N Cir, Saint Petersburg, FL 33702-7567
      View Details

    Similar Nearby for Sale

    • $249,000

      St. Petersburg Multifamily Property

      Multifamily property for sale in St. Petersburg, Florida.
      144 Americana Ct NE 218, St Petersburg, FL 33702
      View Details
    • $479,000

      St. Petersburg Multifamily Property

      Multifamily property for sale in St. Petersburg, Florida.
      6924 Americana Dr NE 167, St Petersburg, FL 33702
      View Details
    • $199,000

      Residential Property in St. Petersburg

      Residential property for sale in St. Petersburg, Florida.
      7225 Mount Fairfield Rd NE 541, St Petersburg, FL 33702
      View Details
    • $239,800

      St. Petersburg Multifamily Property

      Multifamily property for sale in St. Petersburg, Florida.
      7049 Mount Essex Dr NE 521, St Petersburg, FL 33702
      View Details
    • $109,000

      St. Petersburg Multifamily Property

      Multifamily property for sale in St. Petersburg, Florida.
      7202 Mount Essex Dr NE 499, St Petersburg, FL 33702
      View Details
    • $245,000

      St. Petersburg Multifamily Property

      Multifamily property for sale in St. Petersburg, Florida.
      6912 Americana Dr NE 170, St Petersburg, FL 33702
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      231,106 SF

      Gateway Market Center: St. Pete Retail

      Prime St. Petersburg retail space available.
      7751 9Th St, St. Petersburg, FL 33702
      View Details
    • Contact for pricing
      25,050 SF

      Fenced, Lit, Paved Parking Site

      10.91 acre fenced, lit, paved site for lease.
      10490 Gandy Blvd N, St Petersburg, FL 33702
      View Details
    • Contact for pricing
      73,036 SF

      Baypoint Executive Office Suites

      St. Petersburg, FL Office Space Available
      888 Executive Center Dr, St. Petersburg, FL 33702
      View Details
    • Contact for pricing
      66,662 SF

      St. Petersburg Retail Center Opportunity

      Prime Retail Space Available, 13,185 SF
      1846 62Nd Ave, St. Petersburg, FL 33702
      View Details
    • Contact for pricing
      43,304 SF

      Baypoint Executive Office Suites

      Prime Pinellas Gateway Office Space
      9600 Koger Blvd, St. Petersburg, FL 33702
      View Details
    • $1,800,000
      1,960 SF

      Prime Retail Building with Land

      1,960 SF retail building with 0.66-acre lot for lease.
      8520 N 4Th St, St Petersburg, FL 33702
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    646 88th N Ave
    Saint Petersburg, FL 33702-3447
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.