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    Property profile & analytics

    10500 Starkey Rd Seminole, FL 33777-1137

    • Assisted living facilities
    • 36,204 SF
    • 7.82 lot acres
    OFF-MARKET
    Last Sale
    Mar 13, 2024
    $11,335,454
    Value Estimations
    $11,575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3631559
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 10500 Starkey Rd

    Year built
    1987
    Construction
    FRAME
    Lot size
    7.82 lot acres
    Property size
    36,204 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    14-30-15-70578-400-1700
    APU
    143015705784001700

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,819,000
      Market price range: $6.36M - $14.4M
      AI Estimate
      $11,819,000
      Market price range: $6.36M - $14.4M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $10,025,000
      Current use
      AUTO REPAIR, GARAGE
      $15,060,000
      Change: +50% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $8,855,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seminole
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7629
    Latitude
    27.8669
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $94,837
    $0.00
    $0.00
    $4,910,000
    -
    $1,156,010
    $3,753,990
    $4,910,000

    Comparable in this City

    • Value Estimation
      $12,755,000
      42,492 SF

      9393 Park Blvd

      HOMES (RETIRED, NURSING) • 42,492 SF
      9393 Park Blvd, Seminole, FL 33777-4140
      View Details
    • Value Estimation
      $11,000,000
      4,164 SF

      9035 Bryan Dairy Rd

      HOMES (RETIRED, NURSING) • 4,164 SF
      9035 Bryan Dairy Rd, Seminole, FL 33777-1104
      View Details
    • Value Estimation
      $2,265,000
      9,018 SF

      9000 86th Ave

      HOMES (RETIRED, NURSING) • 9,018 SF
      9000 86th Ave, Seminole, FL 33777-2641
      View Details
    • Value Estimation
      $2,025,000
      5,105 SF

      9225 82nd Ave

      HOMES (RETIRED, NURSING) • 5,105 SF
      9225 82nd Ave, Seminole, FL 33777-2821
      View Details
    • Value Estimation by Request
      0.04 Acres

      Sago Pt Dr

      GOLF COURSE • 0.04 Acres
      Sago Pt Dr, Seminole, FL 33777
      View Details
    • Value Estimation by Request
      0.02 Acres

      Sago Pt Dr

      GOLF COURSE • 0.02 Acres
      Sago Pt Dr, Seminole, FL 33777
      View Details

    Similar Nearby for Sale

    • $2,200,000
      7,760 SF

      Starkey Health Clinic Plaza

      Fully Leased Medical Office Building
      8588 Starkey Rd, Seminole, FL 33777
      View Details
    • New
      $2,999,900
      2.30 Acres

      Entitled Land Development Opportunity

      2.3-acre site approved for 29 luxury townhomes and storage facility.
      9530 Starkey Rd, Seminole, FL 33777
      View Details
    • New
      $234,999
      0.17 Acres

      Vacant Lot in Desirable Neighborhood

      0.17 acre lot in Seminole, FL, ready for development.
      10486 Myrtle Oak Ln, Seminole, FL 33777
      View Details
    • $175,000

      Prime Commercial Land Opportunity

      High-visibility commercial land near Park Blvd and Starkey Road.
      7550 90Th St, Seminole, FL 33777
      View Details
    • $2,200,000
      7,664 SF

      Fully Leased Medical Office Investment

      Fully leased medical office building in central South Pinellas.
      8588 Starkey Rd, Seminole, FL 33777
      View Details
    • $2,200,000
      7,664 SF

      Seminole Medical Office Investment

      Fully Leased, High-Return Medical Building
      8588 Starkey Rd, Seminole, FL 33777
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,987 SF

      Pinellas Park Warehouse Space Available

      Warehouse space available for lease in Pinellas Park, Florida.
      6850 Cross Bayou Dr, Largo, FL 33777
      View Details
    • $18 SF/Yr
      3,240 SF

      Retail Space Available For Lease

      Retail space available for lease in Seminole, Florida.
      9139 Park Blvd, Seminole, FL 33777
      View Details
    • Contact for pricing
      2,618 SF

      Climate Controlled Warehouse Space

      Warehouse space with climate control, dock wells, and roll-up doors.
      7201-7243 Bryan Dairy Rd, Largo, FL 33777
      View Details
    • Contact for pricing
      52,243 SF

      Seminole Retail Center - Prime Location

      High-traffic retail space, redevelopment underway.
      7562 Starkey Rd, Seminole, FL 33777
      View Details
    • $24 SF/Yr
      1,200 SF

      Retail Space in Publix-Anchored Center

      Retail space available in high-traffic, densely populated area.
      10801 Starkey Rd, Seminole, FL 33777
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space on Busy Corner

      Retail space available on a busy, signalized corner.
      7600 Starkey Rd, Seminole, FL 33777
      View Details
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    Seminole, FL 33777-1137
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    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
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