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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7786 62nd N St Pinellas Park, FL 33781-3211

    • Apartment buildings
    • 10,488 SF
    • 0.91 lot acres
    OFF-MARKET
    Last Sale
    Sep 20, 2022
    $1,500,000
    Value Estimations
    $1,705,000
    Show details
    Cap Rate Potential
    4.9%
    Apartment buildings
    Location Intelligence
    Property ID
    US18-5523722
    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

    • Blue Ridge Apts / Apartment Building

    Property Details for 7786 62nd N St

    Year built
    1985
    Construction
    CONCRETE BLOCKS
    Lot size
    0.91 lot acres
    Property size
    10,488 SF
    Property type
    Apartment buildings
    APN
    29-30-16-79488-000-0130
    APU
    293016794880000130

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,975,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,610,000
      6.5%
      $1,485,000
      7%
      $1,380,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,342,000
      Market price range: $1.25M - $2.27M
      AI Estimate
      $1,342,000
      Market price range: $1.25M - $2.27M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,620,000
      Current use
      WAREHOUSE, STORAGE
      $2,970,000
      Change: +83% Conversion: Difficult
      OFFICE BUILDING
      $2,935,000
      Change: +81% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $2,910,000
      Change: +79% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,825,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pinellas Park
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7202
    Latitude
    27.8425
    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
    $27,192
    $0.00
    $0.00
    $1,275,000
    -
    $540,732
    $734,268
    $1,275,000

    Comparable in this City

    • Value Estimation by Request
      3,575 SF

      3800 62nd N Ave

      APARTMENT HOUSE (5+ UNITS) • 3,575 SF
      3800 62nd N Ave, Pinellas Park, FL 33781-6005
      View Details
    • Value Estimation by Request
      3,750 SF

      4200 62nd N Ave

      APARTMENT HOUSE (5+ UNITS) • 3,750 SF
      4200 62nd N Ave, Pinellas Park, FL 33781-6058
      View Details
    • Value Estimation by Request
      82,052 SF

      7700 66th N St

      APARTMENT HOUSE (5+ UNITS) • 82,052 SF
      7700 66th N St, Pinellas Park, FL 33781-3167
      View Details
    • Value Estimation by Request
      2,856 SF

      4570 70th N Ave

      APARTMENT HOUSE (5+ UNITS) • 2,856 SF
      4570 70th N Ave, Pinellas Park, FL 33781-4547
      View Details
    • Value Estimation by Request
      2,263 SF

      5501 70th N Ave

      APARTMENT HOUSE (5+ UNITS) • 2,263 SF
      5501 70th N Ave, Pinellas Park, FL 33781-4260
      View Details
    • Value Estimation by Request
      2,150 SF

      7133 72nd N Ave

      APARTMENT HOUSE (5+ UNITS) • 2,150 SF
      7133 72nd N Ave, Pinellas Park, FL 33781-3819
      View Details

    Similar Nearby for Sale

    • $1,325,000

      Pinellas Park 6-Unit Apartment Complex

      6-unit apartment complex in Pinellas Park, Florida. Strong rental demand.
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      Pinellas Park Multifamily Property

      Multifamily property for sale in Pinellas Park, Florida.
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    • $125,000

      Furnished Doublewide in 55+ Community

      Inviting 2-bedroom, 2-bath doublewide in active 55+ community.
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    • $465,000

      Income-Generating Duplex with Rental Potential

      Duplex with tenant, renovated units, and large fenced yards.
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      Golden Gate Mobile Home

      Affordable 2 bed, 1 bath mobile home in Pinellas Park.
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    • $499,000
      1,600 SF

      Pinellas Park Duplex Opportunity

      Charming duplex with modern upgrades on a corner lot.
      7101 59Th St N, Pinellas Park, FL 33781
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      6,573 SF

      Park Blvd Retail Space - Pinellas Park

      Prime Retail Space, High Traffic Area
      6980 Park Blvd, Pinellas Park, FL 33781
      View Details
    • Contact for pricing

      Pinellas Park Signalized Intersection Location

      Located at a signalized intersection in Pinellas Park.
      5800 62Nd Ave N, Pinellas Park, FL 33781
      View Details
    • Contact for pricing
      98,582 SF

      Gateway Centre Parkway Manufacturing Space

      100,000 SF Manufacturing Sublease; Excellent Features
      3201 Gateway Centre Pkwy, Pinellas Park, FL 33781
      View Details
    • $17 SF/Yr
      1,136 SF

      Pinellas Park Office and Commercial

      Office and commercial space in the Pinellas Park/US-19 Corridor.
      7101 Us Highway 19 N, Pinellas Park, FL 33781
      View Details
    • $1,750 /Mo
      850 SF

      Spacious Office in Prime Location

      Office space with reception, conference room, and covered porch.
      4080 78Th Ave N, Pinellas Park, FL 33781
      View Details
    • Contact for pricing
      81,299 SF

      Park 66 Plaza Retail Space

      Pinellas Park storefront, 10 sq ft available
      7450-7660 66Th St, Pinellas Park, FL 33781
      View Details
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    7786 62nd N St
    Pinellas Park, FL 33781-3211
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    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
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