Add Listing
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

    7218 Grevilla S Ave South Pasadena, FL 33707-2053

    • Apartment buildings
    • 25,814 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimations
    $4,575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4706530
    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

    • Apartment buildings

    Property Details for 7218 Grevilla S Ave

    Year built
    1971
    Construction
    CONCRETE BLOCKS
    Lot size
    0.95 lot acres
    Property size
    25,814 SF
    Property type
    Apartment buildings
    APN
    30-31-16-67518-061-0230
    APU
    303116675180610230

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,575,000
      Market price range: $4.58M - $7.30M
      AI Estimate
      $4,575,000
      Market price range: $4.58M - $7.30M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,940,000
      Current use
      WAREHOUSE, STORAGE
      $6,225,000
      Change: +5% Conversion: Difficult
      OFFICE BUILDING
      $6,150,000
      Change: +4% Conversion: Moderate
      RETAIL STORES
      $6,095,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    South Pasadena
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7388
    Latitude
    27.7628
    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
    $42,771
    $0.00
    $0.00
    $2,335,000
    -
    $877,212
    $1,457,788
    $2,335,000

    Comparable in this City

    • Value Estimation
      $1,990,000
      7,760 SF

      2855 51st S St

      APARTMENT HOUSE (5+ UNITS) • 7,760 SF
      2855 51st S St, Gulfport, FL 33707-5448
      View Details
    • Value Estimation
      $2,165,000
      10,096 SF

      6262 Emerson S Ave

      APARTMENT HOUSE (5+ UNITS) • 10,096 SF
      6262 Emerson S Ave, Saint Petersburg, FL 33707-2306
      View Details
    • Value Estimation
      $22,790,000
      128,596 SF

      6800 Park S St

      APARTMENT HOUSE (5+ UNITS) • 128,596 SF
      6800 Park S St, South Pasadena, FL 33707-2165
      View Details
    • Value Estimation
      $1,520,000
      8,588 SF

      2831 Dupont S St

      APARTMENT HOUSE (5+ UNITS) • 8,588 SF
      2831 Dupont S St, Gulfport, FL 33707-5247
      View Details
    • Value Estimation
      $1,700,000
      6,920 SF

      3017 49th S St

      APARTMENT HOUSE (5+ UNITS) • 6,920 SF
      3017 49th S St, Gulfport, FL 33707-5671
      View Details
    • Value Estimation
      $750,000
      4,212 SF

      5301 27th S Ave

      APARTMENT HOUSE (5+ UNITS) • 4,212 SF
      5301 27th S Ave, Saint Petersburg, FL 33707
      View Details

    Similar Nearby for Sale

    • $1,100,000
      Pending

      St. Pete Multifamily Investment Opportunity

      Value-add multifamily property in prime St. Pete location.
      5845 Fairfield Ave S, St Petersburg, FL 33707
      View Details
    • $1,100,000
      Pending

      St. Pete Multifamily Investment Opportunity

      Value-add multifamily property in prime St. Pete location.
      5845 Fairfield Ave S, St Petersburg, FL 33707
      View Details
    • $1,100,000
      Pending

      St. Pete Multifamily Value-Add Opportunity

      Multifamily property in prime location with value-add potential.
      5845 Fairfield Ave S, St Petersburg, FL 33707
      View Details
    • $1,100,000
      6,384 SF

      St. Pete Multifamily Value-Add Opportunity

      Value-add multifamily property in prime St. Pete location.
      5845 Fairfield Ave S, St Petersburg, FL 33707
      View Details
    • $700,000
      0.26 Acres

      Pre-Construction Multifamily Investment Opportunity

      Land and plans for an 8-unit multifamily property.
      5148 1St Ave S, St Petersburg, FL 33707
      View Details
    • $1,100,000
      Pending

      St. Pete Multifamily Value-Add Opportunity

      Two-story, eight-unit multifamily property with value-add potential.
      5845 Fairfield Ave S, St Petersburg, FL 33707
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      163,746 SF

      South Pasadena Retail Center

      Prime Retail Space Available in South Pasadena
      0 S & Pasadena Ave, South Pasadena, FL 33707
      View Details
    • Contact for pricing
      1,320 SF

      Retail Space in St Petersburg

      Retail spaces available in high-volume, Publix-anchored shopping center.
      3431-3455 49Th St N, St Petersburg, FL 33707
      View Details
    • Contact for pricing
      4,855 SF

      Office Space with Signage Available

      Office space for rent with building signage and ample parking.
      5858 Central Ave, St Petersburg, FL 33707
      View Details
    • $450 /Mo
      6,160 SF

      Prime South Pasadena Retail Outparcel

      High-traffic retail space, flexible lease
      1100 Pasadena Ave, South Pasadena, FL 33707
      View Details
    • $101,640
      Pending

      Renovated Commercial Kitchen Space

      Turn-key 4,620 SF commercial kitchen available October 2025.
      5101 8Th Ave S, Gulfport, FL 33707
      View Details
    • $3,100 /Mo
      1,600 SF

      Prime Office Space in St. Pete

      Freestanding office building with high visibility and ample parking.
      6465 1St Ave S, St Petersburg, FL 33707
      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.
    7218 Grevilla S Ave
    South Pasadena, FL 33707-2053
    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.
    Sign Up Successful!
    You now have access to more from Realmo!