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Property profile & analytics
OFF-MARKET
Estimated value
$33,305,000
Apartment buildings
12001 Belcher S Rd Largo, FL 33773-5000
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-8600315
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
CONCRETE
Total area
208,464 SF
Lot
15 ac (653,208 SF)
APN
07-30-16-69359-002-0460
UPID
US18-8600315
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
-
SAGE LIFE Apartment Complex
-
Harbour Cay Apartment Complex Apartment Building
-
Anglers adventures fishing charters LLC Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$33.30M
Blend (final)
Blend
$33.31M
Owner & transaction history
12001 Belcher Rd LLC · 10 yrs held
12001 Belcher Rd LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$51.8M
+39.1%
Commercial (general)
$51.0M
+36.9%
Warehouse, storage
$50.7M
+36.0%
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
APARTMENT HOUSE (5+ UNITS)
$37,240,000
Current use
INDUSTRIAL (GENERAL)
$51,805,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$50,990,000
Change: +37% · Conversion: Moderate
WAREHOUSE, STORAGE
$50,655,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$47,245,000
Change: +27% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$39,005,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$33.31M
Range $29.97M – $36.64M · ±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
$160 / 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
$582,073
Tax year 2023
Assessed value
$30,000,000
Assessed 2023
Previous assessed
$29,500,000
+1.7% YoY
Effective rate
1.94%
On assessed value
Land market value
$6,769,701
Improvement market value
$23,230,299
Total market value
$30,000,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Units
276
Bathrooms
418
Total area
208,464 SF
Lot
15 ac (653,208 SF)
APN
07-30-16-69359-002-0460
UPID
US18-8600315
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$37.2M
INDUSTRIAL (GENERAL)
Est. value
$51.8M
COMMERCIAL (GENERAL)
Est. value
$51.0M
WAREHOUSE, STORAGE
Est. value
$50.7M
OFFICE BUILDING
Est. value
$47.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$39.0M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Units
276
Bathrooms
418
Lot
15 ac
Current owner
From public records · entity-resolved
12001 Belcher Rd LLC
Entity
Mailing address
PO BOX 546, HIGHLAND PARK, IL 60035-0546
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
—
12001 Belcher Rd LLC
—
Deed
related
$21,181,000 · Arbor Commercial Funding LLC
Nov 13, 2015
$23,500,000
12001 Belcher Rd LLC
Bayside Ventures II LLC
Special Warranty Deed
—
Aug 24, 2011
$8,100
Bayside Ventures II LLC
Jubilee Shadow Run LLC Coc
Trustees Deed
related
—
Nov 7, 2000
$12,350,000
Tcb Shadow Run LLC
Shadow Run Associates
Grant Deed
related
—
—
—
Shadow Run Associates
—
Deed Of Trust
related
$1,750,000 · Local Oklahoma Bank Fsb
—
—
Bayside Ventures II LLC
—
Deed Of Trust
related
$9,000,000 · Td Bank NA
—
—
Bayside Ventures II LLC
—
Deed Of Trust
related
$7,350,000 · Stonegate Bank
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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