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Property profile & analytics
OFF-MARKET
Estimated value
$12,660,000
Warehouses
975 2nd S Ave Saint Petersburg, FL 33705-1608
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-3346880
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1958
Construction
CONCRETE BLOCKS
Total area
44,058 SF
Lot
0.92 ac (40,001 SF)
APN
19-31-17-74466-043-0110
UPID
US18-3346880
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
-
Moving Supplies Showroom at U-Haul Moving & Storage at Tropicana Field Big Box & Wholesale Store
-
Self-Storage at U-Haul Storage Facility
-
Trailer Hitches at U-Haul Auto Parts Store
-
U-Haul Moving & Storage at Tropicana Field Storage Facility
-
Collegeboxes at U-Haul Moving and Storage at Tropicana Field Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.66M
Blend (final)
Blend
$12.66M
Owner & transaction history
U-haul Co Of Florida 8 LLC · 10 yrs held
U-haul Co Of Florida 8 LLC
since 2015
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$16.1M
+51.6%
Auto repair, garage
$15.4M
+44.7%
Neighborhood: shopping center
$14.0M
+31.8%
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
WAREHOUSE, STORAGE
$10,625,000
Current use
APARTMENT HOUSE (5+ UNITS)
$16,105,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,375,000
Change: +45% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$14,010,000
Change: +32% · Conversion: Moderate
OFFICE BUILDING
$13,095,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$10,400,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$12.66M
Range $11.39M – $13.93M · ±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
$287 / 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
$78,274
Tax year 2023
Assessed value
$5,050,000
Assessed 2023
Previous assessed
$4,050,000
+24.7% YoY
Effective rate
1.55%
On assessed value
Land market value
$3,792,552
Improvement market value
$1,257,448
Total market value
$5,050,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1958
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
6
Bathrooms
6
Total area
44,058 SF
Lot
0.92 ac (40,001 SF)
APN
19-31-17-74466-043-0110
UPID
US18-3346880
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
WAREHOUSE, STORAGE Current
Est. value
$10.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.1M
AUTO REPAIR, GARAGE
Est. value
$15.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.0M
OFFICE BUILDING
Est. value
$13.1M
RETAIL STORES
Est. value
$10.4M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1958
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
6
Bathrooms
6
Lot
0.92 ac
Current owner
From public records · entity-resolved
U-haul Co Of Florida 8 LLC
Entity
Mailing address
PO BOX 29046, PHOENIX, AZ 85038-9046
Ownership since
2015
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
Aug 26, 2015
—
U-haul Co Of Florida 8 LLC
Arec 8 LLC
Special Warranty Deed
$270,000,000 · Jpmorgan Chase Bank NA
Jul 25, 2005
$2,740,000
Arec 8 LLC
U Haul Co Of Florida
Special Warranty 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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