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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Turn key restaurants
7081 Gulf Blvd St Pete Beach, FL 33706-1942
Entity Owned
5-yr Hold
Free & Clear
Property ID
US19-0641592
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,050 SF
Lot
0.32 ac (13,996 SF)
APN
36-31-15-05094-026-0030
UPID
US19-0641592
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
-
Billy's Anchored Restaurant Restaurant
-
Shells Seafood - St Pete Beach Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.00M
Owner & transaction history
Jcss Spb LLC · 5 yrs held
Jcss Spb LLC
since 2020
Last sale
$1.2M
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 Pete Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St Pete Beach 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
$2,045,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,485,000
Current use
COMMERCIAL (GENERAL)
$2,430,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±10% · vs last sale $1.20M (Jul 28 2020)
Last sale anchor
$1.20M
Jul 28 2020
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
$493 / 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
$19,112
Tax year 2023
Assessed value
$1,150,000
Assessed 2023
Previous assessed
$1,080,000
+6.5% YoY
Effective rate
1.66%
On assessed value
Land market value
$842,330
Improvement market value
$307,670
Total market value
$1,150,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
6
Total area
4,050 SF
Lot
0.32 ac (13,996 SF)
APN
36-31-15-05094-026-0030
UPID
US19-0641592
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
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
6
Lot
0.32 ac
Current owner
From public records · entity-resolved
Jcss Spb LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3826 S HIMES AVEA, TAMPA, FL 33611-1413
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
—
Jcss Spb LLC
—
Deed
related
$500,000 · United States Small Business Admin
Sep 16, 2020
—
Jcss Spb LLC
—
Deed
related
$505,000 · Valley Nat'l Bk
Jul 28, 2020
$1,200,000
Jcss Spb LLC
William A Smith LLC
Warranty Deed
—
Apr 22, 2015
—
7081 Trust
7081 Trust
Quit Claim Deed
related
—
Oct 29, 2014
—
7081 Trust
Property 7081 INC
Quit Claim Deed
related
—
Dec 7, 2010
—
Property 7081 INC
Morgan Scarritt Propertys INC
Quit Claim Deed
related
$685,764 · F Morgan III Scarritt
Aug 9, 2006
—
Morgan Scarritt Propertys INC
Scarritt,francis M III
Quit Claim Deed
related
—
Feb 16, 2006
$845,000
Francis Morgan Scarritt III
Fl Land LLC
Warranty Deed
$633,750 · Metwest Commercial Lender INC
Feb 23, 2005
$494,300
Fl Land LLC
Buns,fred
Warranty Deed
$265,000 · First Community Bank America
Jan 18, 2005
$660,000
Fl Land LLC
Chicouris Ents INC
Warranty Deed
$495,000 · Bank Of St Petersburg
Sep 14, 2004
$550,000
Chicouris Ents INC
Us Small Business Admn
Grant Deed
$280,500 · Schwegman Marilyn Trust (tr)
Jun 4, 2001
$485,000
Ap Gulf Development INC
Henry,glenn
Grant Deed
$450,000 · United Bank & Trust Co
—
—
A P Gulf Development INC
—
Deed Of Trust
related
$63,300 · Us Small Business Admn
—
—
Jcss Spb LLC
—
Deed Of Trust
related
$609,500 · Valley Nat'l Bk
—
—
Jcss Spb LLC
—
Loan Modification
related
$505,000 · Valley Nat'l Bk
—
—
Ruth A Henry
—
Deed Of Trust
related
$110,000 · Jacobson Trust
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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