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Property profile & analytics
FOR LEASE
Community centers
10500 Ulmerton Rd Largo, FL 33773
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-5920575
For Lease
1 / 2
$6,710,000
10500 Ulmerton Rd, Largo, FL 33773
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Construction
CONCRETE BLOCKS
Total area
50,000 SF
Lot
1.16 ac (50,338 SF)
APN
10-30-15-50258-000-0031
UPID
US18-5920575
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
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Carmen's Cuts & Colors Loft 5 Hair Salon Nail Salon
-
I Cut Hair And Stuff Hair Salon
-
Orangetheory Fitness Gym & Fitness Center
-
City National Bank - Presto ATM Atm Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.71M
Blend (final)
Blend
$6.71M
Owner & transaction history
Ulta Salon Cosmetics & Fragrance In · 1 yrs held
Ulta Salon Cosmetics & Fragrance In
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.5M
+12.4%
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 Largo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Largo 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
NEIGHBORHOOD: SHOPPING CENTER
$9,355,000
Current use
OFFICE BUILDING
$10,510,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$9,285,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$9,050,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$6.71M
Range $6.04M – $7.38M · ±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
$134 / 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
$97,393
Tax year 2023
Assessed value
$5,150,000
Assessed 2023
Previous assessed
$4,895,000
+5.2% YoY
Effective rate
1.89%
On assessed value
Land market value
$507,614
Improvement market value
$4,642,386
Total market value
$5,150,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1989
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
4
Total area
50,000 SF
Lot
1.16 ac (50,338 SF)
APN
10-30-15-50258-000-0031
UPID
US18-5920575
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.4M
OFFICE BUILDING
Est. value
$10.5M
RETAIL STORES
Est. value
$9.3M
WAREHOUSE, STORAGE
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
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
1989
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.16 ac
Current owner
From public records · entity-resolved
Ulta Salon Cosmetics & Fragrance In
Individual
Free & Clear · 1 yrs held
Mailing address
1830 N RTE 130, BURLINGTON, NJ 08016-3017
Ownership since
2025
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
Jan 2, 2025
—
Ulta Salon Cosmetics & Fragrance In
Kimco Realty Op LLC
Deed
—
Aug 16, 2023
—
Burlington Coat Factory Warehouse C
Kimco Realty Op LLC
Lease
—
Aug 31, 2018
$13,000,000
Psm Exchange Co I LLC
Abs Fla Investor LLC
Grant Deed
—
Feb 22, 2018
—
Abs Fla Investor LLC
—
Deed
related
—
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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