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Property profile & analytics
OFF-MARKET
Estimated value
$10,460,000
Warehouses
12345 Starkey Rd Largo, FL 33773-2611
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4508545
Property summary
AI-generated overview
Discover Starkey Center, a two-building, 102,609-square-foot light industrial and office complex in Largo, Florida's Gateway/Mid-Pinellas submarket. This single-story center boasts 6,250 square feet of immediately available flex space, divisible to a minimum of 6,250 square feet and a maximum contiguous space of 6,250 square feet. Built in 1980, the property enjoys a highly visible location on Starkey Road, one of Pinellas County's busiest north-south arteries, offering exceptional marketing potential. Each suite benefits from direct Starkey Road frontage. Under new ownership, the center maintains excellent curb appeal and meticulously landscaped grounds. Ample parking is provided, exceeding market standards, with an additional auxiliary lot ensuring convenient parking for tenants and their clients. The property's diverse suite sizes cater to a wide range of business needs, making it an ideal long-term solution for companies seeking a strategic location in the heart of Pinellas County. The property's address is 12345 Starkey Rd, Largo, FL 33773.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,080 SF
Lot
3.54 ac (154,246 SF)
APN
12-30-15-69615-000-0010
UPID
US18-4508545
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
-
TrYumph Fitness and Nutrition Gym & Fitness Center
-
Hoya Vision Care Production Facility
-
FedEx Drop Box Postal Service Courier Service
-
Mister Sparky Of Clearwater Electrical Service General Contractor
-
Rotech Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.36M
Comparable Approach
Comparable
$8.87M
Blend (final)
Blend
$10.46M
Owner & transaction history
Wmg Starkey Owner LLC · 1 yrs held
Wmg Starkey Owner LLC
since 2025
Last sale
$13.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$11.2M
+2.3%
Commercial (general)
$11.0M
+0.7%
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%
$7,965,000
6.5%
$7,355,000
7%
$6,830,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,955,000
Current use
INDUSTRIAL (GENERAL)
$11,205,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$11,025,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$10,215,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$10.46M
Range $9.41M – $11.51M · ±10% · vs last sale $13.60M (Dec 21 2024)
Last sale anchor
$13.60M
Dec 21 2024
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
$232 / 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
$58,878
Tax year 2023
Assessed value
$3,335,000
Assessed 2023
Previous assessed
$3,335,000
+0.0% YoY
Effective rate
1.77%
On assessed value
Land market value
$1,073,918
Improvement market value
$2,261,082
Total market value
$3,335,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
15
Total area
45,080 SF
Lot
3.54 ac (154,246 SF)
APN
12-30-15-69615-000-0010
UPID
US18-4508545
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
WAREHOUSE, STORAGE Current
Est. value
$11.0M
INDUSTRIAL (GENERAL)
Est. value
$11.2M
COMMERCIAL (GENERAL)
Est. value
$11.0M
OFFICE BUILDING
Est. value
$10.2M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
15
Lot
3.54 ac
Current owner
From public records · entity-resolved
Wmg Starkey Owner LLC
Entity
Mailing address
31920 DEL OBISPO ST STE #260, SAN JUAN CAPISTRANO, CA 92675-3191
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$13,598,725
Wmg Starkey Owner LLC
Pinellas Five LLC
Special Warranty Deed
$59,000,000 · Trimont LLC
Sep 22, 2021
—
Pinellas Five LLC
Flex Acquisiton LLC
Correction Deed
related
—
Jul 22, 2021
$18,085,600
Pinellas Five LLC
Pinellas Flex Acquisition LLC
Special Warranty Deed
$32,945,000 · Bankunited NA
Jul 8, 2019
—
Pinellas Flex Acquisition LLC
—
Grant Deed
related
$8,000,000 · Miscellaneous Ins Co
Jun 9, 2016
$2,000,700
Pinellas Flex Acquisition LLC
First Industrial Inv II LLC
Grant Deed
—
Apr 21, 2006
$3,397,000
First Industrial Dev Svcs INC
Levy Joel
Deed Of Trust
$3,397,000 · First Industrial LP
Feb 6, 1998
$2,462,500
Highwoods Florida Holdings INC
Garcia Enterprises Of Tampa
Grant 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.
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