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Property profile & analytics
OFF-MARKET
Estimated value
$4,575,000
Retail space
8275 Bay Pnes Blvd Saint Petersburg, FL 33709-4001
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2254637
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Construction
CONCRETE BLOCKS
Total area
15,069 SF
Lot
1.64 ac (71,264 SF)
APN
01-31-15-93074-000-0030
UPID
US18-2254637
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.31M
Blend (final)
Blend
$4.58M
Owner & transaction history
Cerritos Village LLC · 3 yrs held
Cerritos Village LLC
since 2022
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.3M
+47.8%
Neighborhood: shopping center
$4.8M
+34.7%
Office building
$4.5M
+25.9%
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 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
$4,265,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,555,000
Current use
AUTO REPAIR, GARAGE
$5,260,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,790,000
Change: +35% · Conversion: Moderate
OFFICE BUILDING
$4,480,000
Change: +26% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,350,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,635,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$4.58M
Range $4.12M – $5.03M · ±10% · vs last sale $5.00M (Nov 8 2022)
Last sale anchor
$5.00M
Nov 8 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
$304 / 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
$46,421
Tax year 2023
Assessed value
$2,925,000
Assessed 2023
Previous assessed
$2,865,000
+2.1% YoY
Effective rate
1.59%
On assessed value
Land market value
$873,200
Improvement market value
$2,051,800
Total market value
$2,925,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
2
Total area
15,069 SF
Lot
1.64 ac (71,264 SF)
APN
01-31-15-93074-000-0030
UPID
US18-2254637
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
RETAIL STORES Current
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$3.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2011
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
2
Lot
1.64 ac
Current owner
From public records · entity-resolved
Cerritos Village LLC
Entity
Mailing address
2620 S MARYLAND PKWY #355, LAS VEGAS, NV 89109-8300
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
Nov 8, 2022
$5,000,000
Cerritos Village LLC
Vc Cv 8275 LLC
Special Warranty Deed
$250,000 · First Internet Bank Of Indiana
Dec 10, 2019
$3,750,000
Vc LLC Leasehold Cv 8275 INC
Hasin Alexander
Grant Deed
$2,625,600 · Banesco USA
Aug 12, 2016
—
Alexander Hasin
Hazin,milia
Quit Claim Deed
related
—
Feb 2, 2012
—
Arc11fl Seminole Lhd LLC
—
Deed Of Trust
related
$2,587,742 · Wells Fargo Bk/nw NA (ce)
Nov 19, 2010
$3,500,000
Alexander Hasin
Kb Tyrone LLC
Grant Deed
—
Nov 3, 2010
$10,000
Agae LLC
Kb Tyrone LLC
Grant Deed
related
—
Oct 5, 2010
$2,215,000
Kb Tyrone LLC
Ma Betty L Living Trust
Grant Deed
—
Oct 5, 2010
$246,000
Agae LLC
Kb Tyrone LLC
Grant Deed
—
May 30, 2003
$1,970,000
Ma,tr
Skyline Fri 8 LP
Grant Deed
$1,285,500 · La Jolla Savings Bank
Apr 29, 2003
$1,450,000
Skyline Fri 8 LP
Don Pablos Operating Corp
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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