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Property profile & analytics
OFF-MARKET
Estimated value
$86,605,000
Apartment buildings
7950 Park N Blvd Pinellas Park, FL 33781-3709
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1445338
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
404,008 SF
Lot
19.73 ac (859,439 SF)
APN
25-30-15-52320-000-0010
UPID
US18-1445338
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
-
Blink Charging Station Electric Vehicle Charging Station
-
ilashwithliz Hair Salon
-
Fetch Truck Car Rental Facility
-
LinkedRich (Bike/Boat/Book/etc) Store Corporate Office
-
Rowan Pointe | Luxury Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$57.17M
Comparable Approach
Comparable
$79.34M
Blend (final)
Blend
$86.61M
Owner & transaction history
Park Blvd Owner LLC · 2 yrs held
Park Blvd Owner LLC
since 2023
Last sale
$108.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$132.9M
+112.7%
Warehouse, storage
$114.4M
+83.1%
Office building
$113.0M
+80.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$61,930,000
6.5%
$57,165,000
7%
$53,080,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$62,485,000
Current use
AUTO REPAIR, GARAGE
$132,870,000
Change: +113% · Conversion: Difficult
WAREHOUSE, STORAGE
$114,435,000
Change: +83% · Conversion: Difficult
OFFICE BUILDING
$113,005,000
Change: +81% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$112,155,000
Change: +79% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$70,365,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$86.61M
Range $77.94M – $95.27M · ±10% · vs last sale $108.60M (Sep 13 2023)
Last sale anchor
$108.60M
Sep 13 2023
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
$214 / 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
$1,575,433
Tax year 2023
Assessed value
$75,350,000
Assessed 2023
Previous assessed
$7,944,899
+848.4% YoY
Effective rate
2.09%
On assessed value
Land market value
$15,206,723
Improvement market value
$60,143,277
Total market value
$75,350,000
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
4
Units
349
Bathrooms
2
Total area
404,008 SF
Lot
19.73 ac (859,439 SF)
APN
25-30-15-52320-000-0010
UPID
US18-1445338
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
$62.5M
AUTO REPAIR, GARAGE
Est. value
$132.9M
WAREHOUSE, STORAGE
Est. value
$114.4M
OFFICE BUILDING
Est. value
$113.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$112.2M
INDUSTRIAL (GENERAL)
Est. value
$70.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
4
Units
349
Bathrooms
2
Lot
19.73 ac
Current owner
From public records · entity-resolved
Park Blvd Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
733 3RD AVE FL, NEW YORK, NY 10017-3204
Ownership since
2023
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
Sep 13, 2023
$108,600,000
Park Blvd Owner LLC
Park Blvd Residences LLC
Special Warranty Deed
—
Sep 22, 2020
$9,238,235
Park Blvd Residences LLC
Huntley Properties LLC
Special Warranty Deed
$50,842,000 · Truist Bank
Sep 19, 2012
—
Hardy Huntley Properties LLC
Huntley,hardy H
Quit Claim Deed
—
Nov 12, 2010
$3,000,000
Hardy H Huntley
Mas Verde Mobile Hm Estates In
Warranty Deed
—
Jul 15, 2009
—
Verde Mobile Hm Estates In Mas
7950 Park LLC Coc
Trustees Deed
related
—
Jun 5, 2008
—
7950 Park LLC
—
Trustees Deed
related
$3,750,000 · Mas Verde Mobile Hm Ests INC
Nov 1, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Nov 1, 2006
$4,750,000
7950 Park LLC
Mas Verde Mobile Hm Estates In
Warranty Deed
$3,750,000 · Mas Verde Mobile Hm Estates In
Oct 27, 2005
—
Verde Mobile Hms Estates I Mas
Golden Lantern Mobile Hm Park
Quit Claim Deed
related
—
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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