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Property profile & analytics
OFF-MARKET
Estimated value
$58,015,000
Apartment buildings
8851 Us Hwy 19th N Pinellas Park, FL 33782-5827
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2250705
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Construction
WOOD FRAME
Total area
147,613 SF
Lot
11.7 ac (509,648 SF)
APN
22-30-16-18705-000-0030
UPID
US18-2250705
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
-
ListLazy Marketing & Advertising IT Consulting Firm
-
The Allure at Gateway Apartment Building
-
SpiritsBook High School Vocational School
-
Love 21 Clothing & Fashion Store
-
Logo Buddha Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$58.02M
Owner & transaction history
Algf LLC · 5 yrs held
Algf LLC
since 2020
Last sale
$66.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$92.0M
+298.7%
Restaurant
$83.6M
+262.4%
Auto repair, garage
$48.5M
+110.4%
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 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
COMMERCIAL (GENERAL)
$92,010,000
Change: +299% · Conversion: Moderate
RESTAURANT
$83,620,000
Change: +262% · Conversion: Difficult
AUTO REPAIR, GARAGE
$48,545,000
Change: +110% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$40,975,000
Change: +78% · Conversion: Difficult
WAREHOUSE, STORAGE
$40,630,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$38,655,000
Change: +68% · Conversion: Moderate
Blend value · Realmo final
$58.02M
Range $52.21M – $63.82M · ±10% · vs last sale $66.00M (Sep 30 2020)
Last sale anchor
$66.00M
Sep 30 2020
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
$393 / 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
$1,334,745
Tax year 2023
Assessed value
$63,250,000
Assessed 2023
Previous assessed
$61,600,000
+2.7% YoY
Effective rate
2.11%
On assessed value
Land market value
$9,172,136
Improvement market value
$54,077,864
Total market value
$63,250,000
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
2019
Construction
WOOD FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
4
Units
138
Bathrooms
410
Total area
147,613 SF
Lot
11.7 ac (509,648 SF)
APN
22-30-16-18705-000-0030
UPID
US18-2250705
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
COMMERCIAL (GENERAL)
Est. value
$92.0M
RESTAURANT
Est. value
$83.6M
AUTO REPAIR, GARAGE
Est. value
$48.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$41.0M
WAREHOUSE, STORAGE
Est. value
$40.6M
OFFICE BUILDING
Est. value
$38.7M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2019
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Units
138
Bathrooms
410
Lot
11.7 ac
Current owner
From public records · entity-resolved
Algf LLC
Entity
Mailing address
PO BOX 8984, RICHMOND, VA 23225-0684
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2020
$66,000,000
Algf LLC
Crp Of Nrp Allure Gateway Owner L
Grant Deed
$42,323,000 · Newmark Knight Frank
Sep 3, 2013
—
Huntley Properties LLC
Hardy Huntley-gateway LLC
Quit Claim Deed
—
Feb 7, 2007
$1,390,500
Gcl LLC
Tpa Investments LLC
Grant Deed
$25,620,500 · Capmark Bank
Mar 28, 2006
$2,040,000
Tpa Investments LLC
American Financial Trs INC
Grant Deed
—
Mar 13, 2006
$2,039,000
American Financial Trs INC
Wachovia Bank NA
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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