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Property profile & analytics
OFF-MARKET
Estimated value
$59,630,000
Apartment buildings
1201 Seminole Blvd, Largo, FL 33770-8121
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-2633047
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
460,304 SF
Lot
29 ac (1,263,066 SF)
APN
03-30-15-00000-130-0100
UPID
US18-2633047
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
-
Brittany Bay Apartments Apartment Building Apartment Complex
-
Mags Bed & Breakfast Restaurant
-
Sky Power Equipment Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Surface Experts, Inc Carpet Cleaning Service Tile Cleaning Service
-
J's Mobile Mechanic Services Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$59.63M
Blend (final)
Blend
$59.63M
Owner & transaction history
Spectrum Sunshine State LLC · 3 yrs held
Spectrum Sunshine State LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$91.1M
+14.2%
Neighborhood: shopping center
$86.1M
+8.0%
Retail stores
$85.5M
+7.1%
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)
$79,785,000
Current use
INDUSTRIAL (GENERAL)
$91,115,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$86,125,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$85,485,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$83,815,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$59.63M
Range $53.67M – $65.59M · ±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
$130 / 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
$1,157,488
Tax year 2023
Assessed value
$62,750,000
Assessed 2023
Previous assessed
$62,500,000
+0.4% YoY
Effective rate
1.84%
On assessed value
Land market value
$12,888,698
Improvement market value
$49,861,302
Total market value
$62,750,000
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
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
568
Bathrooms
699
Total area
460,304 SF
Lot
29 ac (1,263,066 SF)
APN
03-30-15-00000-130-0100
UPID
US18-2633047
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
$79.8M
INDUSTRIAL (GENERAL)
Est. value
$91.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$86.1M
RETAIL STORES
Est. value
$85.5M
OFFICE BUILDING
Est. value
$83.8M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
568
Bathrooms
699
Lot
29 ac
Current owner
From public records · entity-resolved
Spectrum Sunshine State LLC
Entity
Free & Clear · 3 yrs held
Ownership since
2023
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
May 26, 2023
—
Spectrum Sunshine State LLC
Seminole Boulevard Apartments LLC
Agreement Of Sale
—
Feb 21, 2020
—
Seminole Blvd Apts LLC
Ahf-bay Fund LLC
Correction Deed
related
—
Feb 11, 2020
$61,344,000
Seminole Blvd Apts LLC
Ahf-bay Fund LLC
Deed In Lieu Of Foreclosure
related
—
Dec 29, 2016
—
Ahf-bay Fund LLC
—
Deed
related
$16,000,000 · Private Individual
Nov 23, 2005
$29,770,000
Ahf-bay Fund LLC
Reliance-brittany Bay LLC
Grant Deed
—
Dec 13, 2000
$22,000,000
Rhf Brittany Bay LLC
Tvo Compass Pointe Partners Lt
Grant Deed
—
—
—
Ahf-bay Fund LLC
—
Deed Of Trust
related
$16,000,000 · Private Individual
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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