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    820 15Th St N St Petersburg, FL 33705
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    820 15Th St N, St Petersburg, FL 33705

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    • Assisted living facilities
    • 4,378 SF
    • 0.35 lot acres
    For Sale
    $2,200,000
    View Listing →
    St. Petersburg Assisted Living Facility For Sale
    $2,200,000
    4,378 SF

    St. Petersburg Assisted Living Facility

    22-bed assisted living facility in St. Petersburg, Florida.

    820 15TH STREET N, St Petersburg, FL 33705
    View Listing
    Property ID
    US18-9301078
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Albina Manor / Nursing Home / Retirement Community
    • Woodlawn Oaks Assisted Living / Nursing Home / Retirement Community

    Property Details for 820 15Th St N

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.35 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    13-31-16-10062-000-1550
    APU
    133116100620001550

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 8, 2022 $1,500,000 Woodlawn Oaks Assisted Living LLC Albina P Williams Warranty Deed $750k · Centennial Bank
    Oct 12, 2018 — Albina P Williams — Deed · related $257k · Seacoast Nat'l Bk
    Feb 4, 1998 $28,000 Albina P Williams Jordan,wayne T Grant Deed —
    — — Albina P Williams — Loan Modification · related $149k · Northstar Bank
    — — Albina P Williams — Deed Of Trust · related $198k · First Home Bank
    — — Albina P Williams — Loan Modification · related $257k · Seacoast Nat'l Bk
    — — Albina P Williams — Deed Of Trust · related $257k · Northstar Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,686,000
      Market price range: $626k - $1.69M
      AI Estimate
      $1,686,000
      Market price range: $626k - $1.69M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $1,185,000
      Current use
      AUTO REPAIR, GARAGE
      $1,530,000
      Change: +29% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,390,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $1,300,000
      Change: +10% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,055,000
      Change: -11% Conversion: Difficult
      RETAIL STORES
      $1,035,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.654
    Latitude
    27.7806
    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
    $13,901
    $0.00
    $0.00
    $700,000
    -
    $358,415
    $341,585
    $700,000

    Comparable in this City

    • Value Estimation by Request
      2,885 SF

      2101 7th S St

      HOMES (RETIRED, NURSING)
      2101 7th S St, Saint Petersburg, FL 33705-2723
      View Details
    • Value Estimation
      $18,570,000
      56,353 SF

      5701 16th S St

      HOMES (RETIRED, NURSING)
      5701 16th S St, Saint Petersburg, FL 33705-5042
      View Details
    • Value Estimation
      $23,335,000
      60,586 SF

      125 56th S Ave

      HOMES (RETIRED, NURSING)
      125 56th S Ave, Saint Petersburg, FL 33705-5400
      View Details
    • Value Estimation
      $2,845,000
      13,327 SF

      1301 16th N St

      HOMES (RETIRED, NURSING)
      1301 16th N St, Saint Petersburg, FL 33705-1034
      View Details
    • Value Estimation
      $760,000
      1,968 SF

      168 56th S Ave

      HOMES (RETIRED, NURSING)
      168 56th S Ave, Saint Petersburg, FL 33705-5441
      View Details
    • Value Estimation by Request
      960 SF

      1095 Pinellas Pt S Dr

      HOMES (RETIRED, NURSING)
      1095 Pinellas Pt S Dr, Saint Petersburg, FL 33705-6154
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,378 SF

      St. Petersburg Assisted Living Facility

      22-bed assisted living facility in St. Petersburg, Florida.
      820 15Th St N, St Petersburg, FL 33705
      View Details
    • $2,200,000

      St Petersburg Assisted Living Facility

      22-bed assisted living facility in St Petersburg, Florida.
      820 15Th St N, St Petersburg, FL 33705
      View Details
    • Contact for pricing
      2,496 SF

      Turnkey Medical Office in St. Petersburg

      Fully built-out medical office ready for new owners/users.
      1152 62Nd Ave S, St Petersburg, FL 33705
      View Details
    • $920,000
      2,496 SF

      Turnkey Medical Office in St. Petersburg

      Fully built-out medical office with flexible layout and ample parking.
      1152 62Nd Ave S, St Petersburg, FL 33705
      View Details
    • $1,195,000
      0.39 Acres

      Waterfront Lot on Paradise Way

      Rare waterfront lot with deep-water access in St. Petersburg.
      4811 Paradise Way S, St Petersburg, FL 33705
      View Details
    • Contact for pricing
      17,126 SF

      Vacant Office Building with Development Potential

      Vacant office building or development opportunity for townhomes.
      1213 N 16Th St, St Petersburg, FL 33705
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      EDGE District Mixed-Use Building

      Renovated mixed-use building with retail and office space for lease.
      1246 Central Ave, St Petersburg, FL 33705
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in St. Petersburg, Florida.
      1079 62Nd Ave S, St Petersburg, FL 33705
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in St. Petersburg

      Neighborhood shopping center serving South St. Pete’s residential neighborhoods.
      901-1079 62Nd Ave, St Petersburg, FL 33705
      View Details
    • Contact for pricing
      2,847 SF

      Medical Office Space Downtown St.

      Prime downtown location near hospitals, ideal for healthcare professionals.
      501 Dr Martin Luther King Jr St S, Saint Petersburg, FL 33705
      View Details
    • New
      $1,800 /Mo
      3,079 SF

      Renovated Flex Space with ADA Access

      Renovated mixed-use space with an open layout, epoxy floors, and an ADA bathroom for flexible office or light industrial use.
      313 18Th Ave S, St Petersburg, FL 33705
      View Details
    View Listing
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    St Petersburg, FL 33705
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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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