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Property profile & analytics
OFF-MARKET
Estimated value
$37,535,000
Apartment buildings
8500 Belcher N Rd Pinellas Park, FL 33781-1015
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5572320
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
FRAME
Total area
173,258 SF
Lot
16.74 ac (729,399 SF)
APN
30-30-16-69894-200-0500
UPID
US18-5572320
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
-
Bayou Point Apartment Complex Apartment Building
-
I'm Possible Women's Empowerment Collaborative, Inc. Charitable Organization Advocacy Group
-
Bonnie J. Davis, LMT Alternative Medicine Practice Spa & Massage Center
-
cossnotalot Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$37.53M
Blend (final)
Blend
$37.54M
Owner & transaction history
Bayou Point Ll LLC · 6 yrs held
Bayou Point Ll LLC
since 2020
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$57.0M
+112.7%
Warehouse, storage
$49.1M
+83.1%
Office building
$48.5M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$26,795,000
Current use
AUTO REPAIR, GARAGE
$56,980,000
Change: +113% · Conversion: Difficult
WAREHOUSE, STORAGE
$49,075,000
Change: +83% · Conversion: Difficult
OFFICE BUILDING
$48,460,000
Change: +81% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$48,095,000
Change: +79% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$30,175,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$37.54M
Range $33.78M – $41.29M · ±10%
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
$217 / 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
$748,060
Tax year 2023
Assessed value
$36,350,000
Assessed 2023
Previous assessed
$36,350,000
+0.0% YoY
Effective rate
2.06%
On assessed value
Land market value
$11,122,804
Improvement market value
$25,227,196
Total market value
$36,350,000
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
1988
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Units
212
Bathrooms
303
Total area
173,258 SF
Lot
16.74 ac (729,399 SF)
APN
30-30-16-69894-200-0500
UPID
US18-5572320
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
$26.8M
AUTO REPAIR, GARAGE
Est. value
$57.0M
WAREHOUSE, STORAGE
Est. value
$49.1M
OFFICE BUILDING
Est. value
$48.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$48.1M
INDUSTRIAL (GENERAL)
Est. value
$30.2M
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
1988
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Units
212
Bathrooms
303
Lot
16.74 ac
Current owner
From public records · entity-resolved
Bayou Point Ll LLC
Entity
Mailing address
10100 SANTA MONICA BLVD STE #400, LOS ANGELES, CA 90067-4108
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2020
$33,700,000
Bayou Point Ll LLC
Kre Soflo Sugar Mill LLC
Grant Deed
$22,388,000 · Citibank NA Ser 2018-kf56 (ce)
Dec 3, 2015
—
Lsref4 Shark Sugar Mill LLC
Aac Funding Partnership II
Special Warranty Deed
—
Aug 15, 2006
—
Aac Funding Ptshp II
—
Deed Of Trust
related
$21,194,780 · Arcs Commercial Mortgage Co LP
Nov 25, 1997
$8,800,000
Aac Funding Partnership II
Sugar Mill Creek Apartments Lt
Grant Deed
related
$5,630,000 · Teachers Insurance & Annuity
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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