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Property profile & analytics
OFF-MARKET
Estimated value
$82,210,000
Apartment buildings
871 Ibis Walk N Pl Saint Petersburg, FL 33716-3827
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7688337
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2014
Construction
WOOD FRAME
Total area
375,092 SF
Lot
7.11 ac (309,580 SF)
APN
18-30-17-41817-000-0040
UPID
US18-7688337
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
-
TGM Ibis Walk Apartment Complex
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Bombshell Dance Tampa Gym & Fitness Center Theater & Performing Art Venue
-
Pineapple Auto Glass (mobile service only) Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Pineapple Auto Glass Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$82.21M
Blend (final)
Blend
$82.21M
Owner & transaction history
Tgm Ibis Walk LLC · 9 yrs held
Tgm Ibis Walk LLC
since 2016
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$130.9M
+81.3%
Neighborhood: shopping center
$119.3M
+65.2%
Office building
$111.5M
+54.4%
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
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)
$72,185,000
Current use
AUTO REPAIR, GARAGE
$130,900,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$119,270,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$111,475,000
Change: +54% · Conversion: Moderate
WAREHOUSE, STORAGE
$90,470,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$88,540,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$82.21M
Range $73.99M – $90.43M · ±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
$219 / 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
$1,558,815
Tax year 2023
Assessed value
$78,700,000
Assessed 2023
Previous assessed
$78,700,000
+0.0% YoY
Effective rate
1.98%
On assessed value
Land market value
$4,881,105
Improvement market value
$73,818,895
Total market value
$78,700,000
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
2014
Construction
WOOD FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
4
Units
401
Bathrooms
579
Total area
375,092 SF
Lot
7.11 ac (309,580 SF)
APN
18-30-17-41817-000-0040
UPID
US18-7688337
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
$72.2M
AUTO REPAIR, GARAGE
Est. value
$130.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$119.3M
OFFICE BUILDING
Est. value
$111.5M
WAREHOUSE, STORAGE
Est. value
$90.5M
RETAIL STORES
Est. value
$88.5M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
2014
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Units
401
Bathrooms
579
Lot
7.11 ac
Current owner
From public records · entity-resolved
Tgm Ibis Walk LLC
Entity
Mailing address
1 N LA SALLE ST STE #2100, CHICAGO, IL 60602-3918
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2016
$68,000,000
Tgm Ibis Walk LLC
Ibis Walk Residential LLC
Grant Deed
$44,200,000 · Walker & Dunlop
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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