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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Theaters & concert halls
687 Central Ave Saint Petersburg, FL 33701-3625
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-8541579
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1924
Construction
CONCRETE BLOCKS
Total area
8,436 SF
Lot
0.16 ac (7,105 SF)
APN
19-31-17-64530-001-0050
UPID
US18-8541579
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
-
The Floridian Social Hotel & Motel Resort
-
State Theatre Concerts Music Venue Bar & Pub
-
Floridian Theatre Hotel & Motel Resort
-
Emergenccy Plummer St. Petersburg Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$740k
Owner & transaction history
Chadwick Family LP · 4 yrs held
Chadwick Family LP
since 2021
Last sale
$740,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$88 / 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
$28,597
Tax year 2023
Assessed value
$1,440,000
Assessed 2023
Previous assessed
$1,440,000
+0.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$1,041,143
Improvement market value
$398,857
Total market value
$1,440,000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1924
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
4
Total area
8,436 SF
Lot
0.16 ac (7,105 SF)
APN
19-31-17-64530-001-0050
UPID
US18-8541579
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
1924
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Chadwick Family LP
Entity
Mailing address
10 BRIGHTWATERS CIR NE, SAINT PETERSBURG, FL 33704-3730
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
$740,000
Chadwick Family LP
Landmark Theatre Group LLC
Warranty Deed
—
Jun 27, 2018
$1,260,000
Landmark Theatre Group LLC
687 Central INC
Grant Deed
$1,548,000 · Iberiabank
Feb 14, 2000
$420,000
687 Central INC
State Theater INC
Grant Deed
$383,000 · United Bank & Trust Co
—
—
State Theatre INC
—
Deed Of Trust
related
$200,000 · Amsouth Bank Florida
—
—
687 Central INC
—
Deed Of Trust
related
—
—
—
687 Central INC
—
Deed Of Trust
related
$575,000 · First State Bank
—
—
687 Central INC
—
Deed Of Trust
related
$66,000 · 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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