Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1105 Melba Ct Largo, FL 33770-1616

    • Assisted living facilities
    • 2,606 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3379115
    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

    • House That Faith Built / Nursing Home / Retirement Community

    Property Details for 1105 Melba Ct

    Year built
    1962
    Construction
    CONCRETE BLOCKS
    Lot size
    0.39 lot acres
    Property size
    2,606 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    26-29-15-98622-000-0080
    APU
    262915986220000080

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $625,000
      Market price range: $458k - $1.03M
      AI Estimate
      $625,000
      Market price range: $458k - $1.03M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $720,000
      Current use
      COMMERCIAL (GENERAL)
      $635,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7772
    Latitude
    27.9267
    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
    $4,917
    $0.00
    $0.00
    $260,000
    -
    $134,986
    $125,014
    $260,000

    Comparable in this City

    • Value Estimation
      $6,775,000
      24,920 SF

      300 Highland N Ave

      HOMES (RETIRED, NURSING) • 24,920 SF
      300 Highland N Ave, Largo, FL 33770-2555
      View Details
    • Value Estimation by Request
      222,216 SF

      1150 8th SW Ave

      HOMES (RETIRED, NURSING) • 222,216 SF
      1150 8th SW Ave, Largo, FL 33770-3193
      View Details
    • Value Estimation
      $500,000
      3,252 SF

      1138 Rosemary Dr

      HOMES (RETIRED, NURSING) • 3,252 SF
      1138 Rosemary Dr, Largo, FL 33770-4219
      View Details
    • Value Estimation
      $1,885,000
      5,528 SF

      405 7th SW Ave

      HOMES (RETIRED, NURSING) • 5,528 SF
      405 7th SW Ave, Largo, FL 33770-3400
      View Details
    • Value Estimation
      $970,000
      3,061 SF

      1403 4th SW St

      HOMES (RETIRED, NURSING) • 3,061 SF
      1403 4th SW St, Largo, FL 33770-7540
      View Details
    • Value Estimation
      $15,285,000
      125,769 SF

      901 Seminole Blvd

      HOMES (RETIRED, NURSING) • 125,769 SF
      901 Seminole Blvd, Largo, FL 33770-7450
      View Details

    Similar Nearby for Sale

    • $465,000
      2,644 SF

      Mixed-Use Building in Downtown Largo

      Charming mixed-use building suitable for commercial or residential use.
      714 1St Ave SW, Largo, FL 33770
      View Details
    • $550,000
      1,507 SF

      Salon/Spa Facility in Largo, FL

      Fully-functional salon/spa in desirable location, repurpose for office uses.
      2130 W Bay Dr, Largo, FL 33770
      View Details
    • $1,075,000
      4,040 SF

      Belleair Bluffs Retail Storefront Investment

      High-return, multi-tenant retail property.
      420 Indian Rocks Rd, Belleair Bluffs, FL 33770
      View Details
    • $450,000
      Pending

      Largo Duplex with Long-Term Tenants

      Well-maintained Largo duplex near Pinellas Trail, ideal for investors.
      747 Heritage Ln, Largo, FL 33770
      View Details
    • $114,900

      Largo Multifamily Property For Sale

      Multifamily property available in Largo, Florida.
      112 Pindo Palm St W, Largo, FL 33770
      View Details
    • $465,000
      2,200 SF

      Mixed-Use Building in Downtown Largo

      Charming mixed-use building suitable for commercial or residential use.
      714 1St Ave SW, Largo, FL 33770
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,018 SF

      Retail Space in Liberty Yards

      Retail space for lease in a high-traffic Largo location.
      408 W Bay Dr, Largo, FL 33770
      View Details
    • Sponsored
      Contact for pricing

      FL, Largo - East Bay Dr

      Discover many ways to work your way in Boise Downtown
      300 Bay Dr, Largo, FL 33770
      View Details
    • $2,799 /Mo
      Pending

      Equipped Restaurant Space For Lease

      Fully equipped restaurant for lease in prime Largo location.
      312 Bay Dr W, Largo, FL 33770
      View Details
    • $28,950

      Prime Retail/Office Space Available

      Retail/office space in desirable location with high visibility.
      400 Indian Rocks Rd N A, Belleair Bluffs, FL 33770
      View Details
    • $12 SF/Yr
      2,567 SF

      Retail Space in Largo Center

      Retail space available in a Publix-anchored shopping center.
      833-885 W Bay Dr, Largo, FL 33770
      View Details
    • Contact for pricing
      5,935 SF

      Retail Space on Missouri Avenue

      Retail space with excellent visibility and frontage on Missouri Avenue.
      1300-1460 Missouri Ave N, Largo, FL 33770
      View Details
    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.
    1105 Melba Ct
    Largo, FL 33770-1616
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!