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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Apartment buildings
7786 62nd N St Pinellas Park, FL 33781-3211
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5523722
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
CONCRETE BLOCKS
Total area
10,488 SF
Lot
0.91 ac (39,692 SF)
APN
29-30-16-79488-000-0130
UPID
US18-5523722
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
-
Blue Ridge Apts Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.44M
Owner & transaction history
Azzam Properties Corporation · 3 yrs held
Azzam Properties Corporation
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.8M
+12.6%
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 Pinellas Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pinellas Park 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
$1,975,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,610,000
6.5%
$1,485,000
7%
$1,380,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,620,000
Current use
INDUSTRIAL (GENERAL)
$1,825,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.50M (Sep 20 2022)
Last sale anchor
$1.50M
Sep 20 2022
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
$137 / 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
$27,192
Tax year 2023
Assessed value
$1,275,000
Assessed 2023
Previous assessed
$800,000
+59.4% YoY
Effective rate
2.13%
On assessed value
Land market value
$540,732
Improvement market value
$734,268
Total market value
$1,275,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
12
Bathrooms
12
Total area
10,488 SF
Lot
0.91 ac (39,692 SF)
APN
29-30-16-79488-000-0130
UPID
US18-5523722
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (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
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Units
12
Bathrooms
12
Lot
0.91 ac
Current owner
From public records · entity-resolved
Azzam Properties Corporation
Entity
Free & Clear · 3 yrs held
Mailing address
1000 NW ST, WILMINGTON, DE 19801-1047
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2022
$1,500,000
Azzam Properties Corporation
Blue Ridge Apartment Corporation
Warranty Deed
—
Feb 28, 2020
—
Blue Ridge Apartment Corporation
Blue Ridge Apartment Corporation
Intrafamily Transfer
related
$620,000 · Seacoast National Bank
Jun 10, 2008
$800,000
Blue Ridge Apartment Corp
Stein Family Trust
Grant Deed
$620,000 · Stein Family Trust (tr)
Feb 25, 2002
$590,000
Stein Trust
Lagrou,jeffrey S & Donna Y
Grant Deed
—
Jul 10, 2001
$485,000
Jeffrey S Lagrou
Clyde,gregory S & Suzanne L
Grant Deed
—
May 8, 2000
$400,000
Clyde,gregory S
Slosberg,paul W
Trustees Deed
—
—
—
Blue Ridge Apartment Corp
—
Deed Of Trust
related
$650,000 · Homebanc
—
—
Jeffrey S Lagrou
—
Deed Of Trust
related
$50,000 · Dole Consulting INC
—
—
Gregory S Clyde
—
Deed Of Trust
related
$59,000 · Individual
—
—
Gregory S Clyde
—
Deed Of Trust
related
$340,000 · Slosberg 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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