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Property profile & analytics
OFF-MARKET
Estimated value
$13,585,000
Warehouses
12505 Starkey Rd Largo, FL 33773-2621
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2667112
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
57,600 SF
Lot
5.17 ac (225,375 SF)
APN
12-30-15-69615-000-0180
UPID
US18-2667112
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
-
Renal Advantage Inc Medical Clinic
-
Charlene H. Singletary, RPH Pharmacy
-
GD4 Test Services, Inc. Industrial Manufacturer Production Facility
-
St. Francis Ecumenical Church Church
-
Alko Cabinetry Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.40M
Comparable Approach
Comparable
$11.18M
Blend (final)
Blend
$13.59M
Owner & transaction history
Pinellas Five LLC · 4 yrs held
Pinellas Five LLC
since 2021
Last sale
$18.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$14.3M
+2.3%
Commercial (general)
$14.1M
+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%
$10,180,000
6.5%
$9,395,000
7%
$8,725,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,995,000
Current use
INDUSTRIAL (GENERAL)
$14,315,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$14,090,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$13,055,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$13.59M
Range $12.23M – $14.94M · ±10% · vs last sale $18.09M (Jul 22 2021)
Last sale anchor
$18.09M
Jul 22 2021
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
$236 / 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
$72,835
Tax year 2023
Assessed value
$4,200,000
Assessed 2023
Previous assessed
$3,000,000
+40.0% YoY
Effective rate
1.73%
On assessed value
Land market value
$1,476,251
Improvement market value
$2,723,749
Total market value
$4,200,000
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
21
Total area
57,600 SF
Lot
5.17 ac (225,375 SF)
APN
12-30-15-69615-000-0180
UPID
US18-2667112
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
$14.0M
INDUSTRIAL (GENERAL)
Est. value
$14.3M
COMMERCIAL (GENERAL)
Est. value
$14.1M
OFFICE BUILDING
Est. value
$13.1M
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
21
Lot
5.17 ac
Current owner
From public records · entity-resolved
Pinellas Five 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
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
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 26, 2017
$2,400,000
Pinellas Flex Acquisition LLC
Pinellas Center Ltd
Grant Deed
related
$2,100,000 · Miscellaneous Ins Co
Jun 26, 2017
—
Pinellas Flex Acquisition LLC
—
Deed
related
$2,100,000 · Miscellaneous Ins Co
—
—
Pinellas Center Ltd
—
Deed Of Trust
related
$800,000 · Flagship Community Bank
—
—
Pinellas Flex Acquisition LLC
—
Loan Modification
related
$2,100,000 · Miscellaneous Ins Co
—
—
Pinellas Center Ltd
—
Loan Modification
related
$735,272 · Flagship Cmnty Bk
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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