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Property profile & analytics
OFF-MARKET
Estimated value
$33,260,000
Office buildings
740 Carillon Pkwy Saint Petersburg, FL 33716-1105
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-2221045
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1991
Construction
CONCRETE
Total area
77,728 SF
Lot
9.5 ac (413,816 SF)
APN
11-30-16-13461-001-0040
UPID
US18-2221045
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
-
Helbig Arnold Insurance Agency
-
Burnett Kenneth Insurance Agency
-
Nicolosi Robert Insurance Agency
-
Hoewt Joachim Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$33.26M
Blend (final)
Blend
$33.26M
Owner & transaction history
740780 Carillon LLC · 9 yrs held
740780 Carillon LLC
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$47.7M
+106.6%
Commercial (general)
$46.7M
+102.1%
Auto repair, garage
$27.1M
+17.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$23,100,000
Current use
RESTAURANT
$47,715,000
Change: +107% · Conversion: Moderate
COMMERCIAL (GENERAL)
$46,675,000
Change: +102% · Conversion: Easy
AUTO REPAIR, GARAGE
$27,125,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$24,715,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$33.26M
Range $29.93M – $36.59M · ±10%
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
$428 / 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
$461,715
Tax year 2023
Assessed value
$23,250,000
Assessed 2023
Previous assessed
$22,500,000
+3.3% YoY
Effective rate
1.99%
On assessed value
Land market value
$4,578,893
Improvement market value
$18,671,107
Total market value
$23,250,000
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 (MULTI-STORY)
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
4
Bathrooms
45
Total area
77,728 SF
Lot
9.5 ac (413,816 SF)
APN
11-30-16-13461-001-0040
UPID
US18-2221045
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
$23.1M
RESTAURANT
Est. value
$47.7M
COMMERCIAL (GENERAL)
Est. value
$46.7M
AUTO REPAIR, GARAGE
Est. value
$27.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.7M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1991
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Bathrooms
45
Lot
9.5 ac
Current owner
From public records · entity-resolved
740780 Carillon LLC
Entity
Mailing address
880 CARILLON PKWY, SAINT PETERSBURG, FL 33716-1102
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2016
$24,850,000
740780 Carillon LLC
Carillon Holdings LLC
Grant Deed
—
Feb 25, 2013
—
Carillon Holdings LLC
Realty Associates Fund Viii LP
Grant Deed
related
—
Dec 27, 2012
$41,500,000
Carillon Holdings LLC
Realty Associates Fund Viii LP
Grant Deed
related
$28,000,000 · Carillon Holdings LLC
Jan 29, 2007
—
Realty Associates Fund Viii
—
Deed Of Trust
related
$76,000,000 · Northwestern Mutual Life Ins
Aug 7, 2006
$38,290,100
Realty Associates Fund Viii
Allstate Insurance
Grant Deed
—
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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