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Property profile & analytics
FOR LEASE
Community centers
11900 Seminole Blvd Largo, FL 33778
Entity Owned
13-yr Hold
Free & Clear
Property ID
US19-0705482
For Lease
1 / 14
$10,965,000
11900 Seminole Blvd, Largo, FL 33778
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2022
Construction
CONCRETE BLOCKS
Total area
52,592 SF
Lot
7.32 ac (318,829 SF)
APN
10-30-15-70506-300-3100
UPID
US19-0705482
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.97M
Blend (final)
Blend
$10.97M
Owner & transaction history
Spi Largo Village LLC · 13 yrs held
Spi Largo Village LLC
since 2013
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.9M
+30.7%
Industrial (general)
$10.4M
+5.8%
Office building
$10.2M
+3.6%
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
$9,840,000
Current use
COMMERCIAL (GENERAL)
$12,865,000
Change: +31% · Conversion: Easy
INDUSTRIAL (GENERAL)
$10,410,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$10,190,000
Change: +4% · Conversion: Moderate
RETAIL STORES
$9,765,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$9,520,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$10.97M
Range $9.87M – $12.06M · ±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
$208 / 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
$167,480
Tax year 2023
Assessed value
$8,415,000
Assessed 2023
Previous assessed
$2,305,000
+265.1% YoY
Effective rate
1.99%
On assessed value
Land market value
$1,536,873
Improvement market value
$6,878,127
Total market value
$8,415,000
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
2022
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Bathrooms
24
Total area
52,592 SF
Lot
7.32 ac (318,829 SF)
APN
10-30-15-70506-300-3100
UPID
US19-0705482
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
$9.8M
COMMERCIAL (GENERAL)
Est. value
$12.9M
INDUSTRIAL (GENERAL)
Est. value
$10.4M
OFFICE BUILDING
Est. value
$10.2M
RETAIL STORES
Est. value
$9.8M
WAREHOUSE, STORAGE
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2022
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
24
Lot
7.32 ac
Current owner
From public records · entity-resolved
Spi Largo Village LLC
Entity
Free & Clear · 13 yrs held
Mailing address
6625 MIAMI LKS DR E STE #340, MIAMI LAKES, FL 33014-2738
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2013
$2,500,000
Spi Largo Village LLC
Dem Ptshp
Grant Deed
—
Mar 27, 2003
$3,150,000
Dem Partnership
Lukas,emilia
Grant Deed
—
May 14, 1998
$3,116,428
Victor Lukas
Cory,richard J & Cynthia
Grant Deed
$2,100,000 · Citizens Bank & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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