Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Crown Point Office Condominiums Title is generated by Realmo AI

    13191 STARKEY ROAD #15 & 16, Largo, FL 33773

    View on Map
    Claim this Listing
    For Sale
    $740,000

    Two contiguous office condos in well-maintained Largo professional center.

    Type:Commercial
    Property size:
    3,550 SF
    Lot size:
    4.48 Acres
    Price / SF:
    $208/SF
    Added:
    Dec 10, 2021
    Days on Market:
    1637
    Last Refresh:
    May 10 at 11:53 pm

    Property Features for 13191 STARKEY ROAD #15 & 16

    General Information

    Standard status
    Active
    Size
    3,550 SF
    Lot size
    4.48 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    MICHAEL BRACCIA, PA

    Listing agent MICHAEL BRACCIA, PA License #3033512

    Listing office BAY STREET COMMERCIAL LLC

    Listing date Dec 10, 2021

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of BAY STREET COMMERCIAL LLC

    HighLights

    • Prime location: Starkey Road near Ulmerton, close to US‑19 and I‑275, providing easy access to Tampa Bay area.
    • Large 3,550 SF corner unit with entrances from both sides of the building and two parking lots.
    • Functional layout: Includes reception area, open workspace, private offices, filing/storage, production area, restrooms, and break‑room.
    • Well‑maintained professional office center with ample parking.
    • Association dues cover significant expenses: roof, exterior, common area, water, sewer, garbage, and exterior insurance.
    • Desirable location within the complex.

    Overview

    Two adjacent office condominiums are available in Crown Point Center, a professional office center located on Starkey Road near Ulmerton Road. The corner unit totals 3,550 square feet, with Unit 15 comprising 2,080 square feet and Unit 16 comprising 1,470 square feet. Accessible from both sides of the building and from two separate parking lots, the space features a reception area, an open floor workspace surrounded by windows, three private offices, a dedicated filing/storage area, a large open production/bullpen area, restrooms, and a private break-room. The professional center has multiple medical and professional office users and an abundance of parking. The association dues are $1,500 per month for the two units, which includes roof, exterior, common area, water, sewer, garbage, and exterior insurance. The property is located behind Starbucks on the corner of Starkey Road and 133rd Avenue, one block south of Ulmerton Road, west of the US-19 intersection, and minutes from I-275, providing access to Tampa Bay area markets.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $92.4k $26.04
    − Vacancy −$19.0k −$5.34
    EGI $73.5k $20.70
    − OpEx −$18.4k −$5.18
    NOI $55.1k $15.53
    3,550 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $787.4K
    $689.0K – $918.7K (±1% cap)
    NOI $55,119 @ 7.0% cap · market cap 7.45%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $923.4K
    $808.0K – $1.08M (±1% cap)
    NOI $64,637 @ 7.0% cap · market cap 8.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.746
    Latitude
    27.8833

    Nearby Similar for Sale

    • $1,499,900
      6,696 SF

      Largo Office Building For Sale

      Well-maintained commercial property with high visibility and accessibility.
      12597 WALSINGHAM ROAD, LARGO, FL 33774
      View Details
    • $1,785,000
      3,520 SF

      Mixed-Use Development Opportunity in Largo

      High-traffic location suitable for retail, medical, or flex development.
      191 BELCHER ROAD S, LARGO, FL 33771
      View Details
    • $799,000
      2,880 SF

      Income-Producing Largo Quadruplex

      Fully leased quadruplex in Largo with immediate income potential.
      122 WERTZ DRIVE, LARGO, FL 33771
      View Details
    • $560,000
      1,526 SF

      Renovated Professional Office in Largo

      Move-in ready office with functional layout and high visibility.
      12574 INDIAN ROCKS ROAD, LARGO, FL 33774
      View Details
    • $3,850,000
      20,547 SF

      Block Office Building with Parking

      Busy corner office building with recent HVAC and roof updates, offering investor income and room to stabilize vacancies.
      2700 E BAY DRIVE, LARGO, FL 33771
      View Details
    • $374,003
      2,151 SF

      Largo Triplex Income Property

      Income-producing triplex near beaches and local attractions in Largo, FL.
      1705 N JEFFERSON AVENUE, LARGO, FL 33770
      View Details
    • $890,000
      3,212 SF

      Free Standing Office Building

      3,212 SF office building on a 0.46-acre corner lot.
      550 E BAY Dr, Largo, FL 33770
      View Details
    • $419,000
      1,718 SF

      Duplex with Separate Utilities

      Well-maintained one-story duplex offering separate electric and water service, ideal for income-oriented buyers seeking stability.
      118 LAKE AVENUE SE, LARGO, FL 33771
      View Details
    • $495,999
      2,294 SF

      Dual-Unit Duplex with Screened Patio

      Two well-kept 2BR/1BA units with screened patio, fenced yard, and separate electric meters—ideal for owner-occupancy and rental income.
      616 HERITAGE LANE, LARGO, FL 33770
      View Details
    • $548,900
      2,480 SF

      Lake Palms Duplex with Yard

      Well-maintained duplex in Largo's Lake Palms subdivision with private yard.
      2824 Meadow View Ave, Largo, FL 33771
      View Details
    • $368,500
      1,650 SF

      Block Construction Duplex Investment

      Two single-level units offer a house-hack setup with one side occupied and the other ready for a new resident.
      3760 135TH AVENUE, LARGO, FL 33771
      View Details
    • $415,000
      2,002 SF

      Largo Duplex with Long-Term Tenants

      Income property in X flood zone with long-term tenants.
      3122 GREEN ACRES AVENUE, LARGO, FL 33771
      View Details

    FAQs

    What type of property is this?
    Office units - Two contiguous office condos in well-maintained Largo professional center.
    Where is this office units located?
    The property is located at 13191 STARKEY ROAD #15 & 16 Largo, FL.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: Prime location: Starkey Road near Ulmerton, close to US‑19 and I‑275, providing easy access to Tampa Bay area.; **Large 3,550 SF corner unit** with entrances from both sides of the building and two parking lots.; Functional layout: Includes reception area, open workspace, private offices, filing/storage, production area, restrooms, and break‑room.
    (813) 254-6756
    We can help!
    Listing Contact
    MICHAEL BRACCIA, PA
    Real Estate License ID: 3033512
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13191 STARKEY ROAD #15 & 16, LARGO, FL 33773
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!