Back to Search
Property profile & analytics
FOR LEASE
Office buildings
7235 1St Ave S St Petersburg, FL 33707
Entity Owned
~
Est. High Equity
Property ID
US18-5601425
For Lease
1 / 18
$655,000
7235 1St Ave S, St Petersburg, FL 33707
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,420 SF
Lot
0.26 ac (11,252 SF)
APN
19-31-16-20484-043-0060
UPID
US18-5601425
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
-
Metzler Advisory Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$655k
Owner & transaction history
Martoine Properties LLC
Martoine Properties LLC
since 2026
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$845,000
+46.4%
Neighborhood: shopping center
$770,000
+33.4%
Warehouse, storage
$585,000
+1.2%
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 Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St 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
$600,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$615,000
7%
$575,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$575,000
Current use
AUTO REPAIR, GARAGE
$845,000
Change: +46% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Change: +33% · Conversion: Difficult
WAREHOUSE, STORAGE
$585,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$570,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $700k (Feb 2 2026)
Last sale anchor
$700k
Feb 2 2026
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
$271 / 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
$9,334
Tax year 2023
Assessed value
$470,000
Assessed 2023
Previous assessed
$447,500
+5.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$213,566
Improvement market value
$256,434
Total market value
$470,000
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
For Lease
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
2,420 SF
Lot
0.26 ac (11,252 SF)
APN
19-31-16-20484-043-0060
UPID
US18-5601425
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
$575,000
AUTO REPAIR, GARAGE
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$770,000
WAREHOUSE, STORAGE
Est. value
$585,000
RETAIL STORES
Est. value
$570,000
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Martoine Properties LLC
Entity
Mailing address
410 S CEDAR AVE, TAMPA, FL 33606-2221
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
$700,000
Martoine Properties LLC
Metzler Capital LLC
Special Warranty Deed
$560,000 · Mark W Hein Family Trust
Jan 21, 2021
$550,000
Metzler Capital LLC
Guarino & Associates Cpas P A
Special Warranty Deed
$440,000 · The Bank Of Tampa
Oct 26, 2012
$250,000
7235 1st Ave S LLC
Sidestone Properties LLC
Grant Deed
$298,000 · Cornerstone Community Bank
Oct 10, 2012
$275,000
Sidestone Properties LLC
Ardon INC
Quit Claim Deed
related
—
May 4, 1998
$257,500
Ardon Financial Services INC
Cook,john T
Grant Deed
related
$216,000 · Colonial Bank Fsb
—
—
Ardon INC
—
Deed Of Trust
related
$122,150 · Cornerstone Community Bank
—
—
7235 1st Ave S LLC
—
Loan Modification
related
—
—
—
Ardon INC
—
Deed Of Trust
related
$157,488 · Regions Bank
—
—
Ardon Financial Services INC
—
Deed Of Trust
related
$111,600 · Cornerstone Community Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
