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Property profile & analytics
OFF-MARKET
Estimated value
$10,255,000
Office buildings
9721 Executive Ctr N Dr Saint Petersburg, FL 33702-2449
Entity Owned
19-yr Hold
Free & Clear
Property ID
US18-1757126
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
51,041 SF
Lot
3.41 ac (148,352 SF)
APN
19-30-17-47063-002-0010
UPID
US18-1757126
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
-
Marc N. Pelletier - Pinellas Criminal Defense Attorney Law Firm
-
The Law Offices of Russo Pelletier & Sullivan Law Firm
-
Pinellas Ticket Defense Law Firm
-
FKS Insurance Services, LLC Insurance Agency
-
My Surrogacy Escrow Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.25M
Blend (final)
Blend
$10.26M
Owner & transaction history
Kp Holdings Florida LLC · 19 yrs held
Kp Holdings Florida LLC
since 2007
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$16.2M
+7.0%
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
OFFICE BUILDING
$15,170,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$16,230,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$12,310,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$10.26M
Range $9.23M – $11.28M · ±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
$201 / 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
$80,895
Tax year 2023
Assessed value
$5,400,000
Assessed 2023
Previous assessed
$5,300,000
+1.9% YoY
Effective rate
1.50%
On assessed value
Land market value
$970,375
Improvement market value
$4,429,625
Total market value
$5,400,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
10
Total area
51,041 SF
Lot
3.41 ac (148,352 SF)
APN
19-30-17-47063-002-0010
UPID
US18-1757126
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
OFFICE BUILDING Current
Est. value
$15.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.2M
WAREHOUSE, STORAGE
Est. value
$12.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
10
Lot
3.41 ac
Current owner
From public records · entity-resolved
Kp Holdings Florida LLC
Entity
Free & Clear · 19 yrs held
Mailing address
4000 IS BLVD, AVENTURA, FL 33160-5203
Ownership since
2007
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
Apr 12, 2017
—
Kp Holdings Florida LLC
—
Loan Modification
related
$40,000,000 · Ubs Ag
Jan 13, 2011
—
Kp Holdings Florida LLC
—
Deed Of Trust
related
$83,000,000 · First Boston Series 2007-c3
Feb 27, 2007
$93,325,000
Kp Holdings Florida LLC
Dra Crt St Petersburg Center L
Grant Deed
—
Oct 10, 2005
—
Dra Crt St Petersburg Center LLC
Dra Crt Acquisition Corp
Special Warranty Deed
$344,000,000 · Wachovia Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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