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Property profile & analytics
OFF-MARKET
Estimated value
$4,865,000
Apartment buildings
8501 52nd N St Pinellas Park, FL 33781-1586
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3120627
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Construction
CONCRETE
Total area
43,200 SF
Lot
4.75 ac (206,914 SF)
APN
28-30-16-71200-000-0010
UPID
US18-3120627
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
-
Pinellas Pines Apartment Complex
-
Sounds Great Entertainment Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.87M
CAP Approach
CAP
$6.12M
Comparable Approach
Comparable
$5.21M
Blend (final)
Blend
$4.87M
Owner & transaction history
Pinellas Pines Apartments Fl LLC · 2 yrs held
Pinellas Pines Apartments Fl LLC
since 2024
Last sale
$4.9M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$7.5M
+12.6%
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
$4,865,000
ML approach
$4,865,000
CAP Approach
CAP Return
Estimation
6%
$6,620,000
6.5%
$6,115,000
7%
$5,675,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,680,000
Current use
INDUSTRIAL (GENERAL)
$7,525,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$4.87M
Range $4.38M – $5.35M · ±10% · vs last sale $4.86M (Apr 9 2024)
Last sale anchor
$4.86M
Apr 9 2024
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
$113 / 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
$107,048
Tax year 2023
Assessed value
$4,950,000
Assessed 2023
Previous assessed
$4,950,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Land market value
$915,073
Improvement market value
$4,034,927
Total market value
$4,950,000
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
1983
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
68
Bathrooms
69
Total area
43,200 SF
Lot
4.75 ac (206,914 SF)
APN
28-30-16-71200-000-0010
UPID
US18-3120627
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
$6.7M
INDUSTRIAL (GENERAL)
Est. value
$7.5M
APARTMENT HOUSE (5+ UNITS) Current
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
1983
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Units
68
Bathrooms
69
Lot
4.75 ac
Current owner
From public records · entity-resolved
Pinellas Pines Apartments Fl LLC
Entity
Free & Clear · 2 yrs held
Mailing address
50 CHESTNUT RDG RD, MONTVALE, NJ 07645-1814
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2024
$4,863,800
Pinellas Pines Apartments Fl LLC
Pinellas Pines Apartments LLC
Special Warranty Deed
—
Oct 16, 2006
—
Pine Terrace Apartments Ltd
—
Deed Of Trust
related
$239,556,923 · Merrill Lynch Mortgage Lending
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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