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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Strip malls
127 Frst Lk S Blvd Oldsmar, FL 34677-3029
Entity Owned
Free & Clear
Property ID
US18-4348179
Property summary
AI-generated overview
Top of the Bay Plaza, located in Oldsmar, Pinellas County, offers exceptional retail and medical office space opportunities. This 12,000 square foot property boasts excellent visibility on Forest Lakes Blvd, a quarter mile south of Tampa Road. The plaza features multiple tenancy options, with spaces ranging from 800 to 3,200 square feet. A prominent end-cap unit, totaling 3,200 square feet, offers 40 feet of storefront and potential for subdivision. Two additional smaller units, each measuring 20 feet by 40 feet (800 square feet), are also available. The property benefits from highly visible pylon signage. This well-established plaza has been under consistent ownership and management since 1987, ensuring a stable and reliable investment. Flexible lease terms and rates are available to suit various business needs. The property's location and established presence make it an ideal choice for businesses seeking high visibility and a strong community presence in the thriving Oldsmar market. Contact us today to learn more about this exciting opportunity.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE BLOCKS
Total area
12,000 SF
Lot
1.12 ac (48,726 SF)
APN
23-28-16-63936-062-0010
UPID
US18-4348179
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
-
Otto's Pretty Paws Pet Salon Pet Grooming Service
-
Contact Us - All Diabetic Supply Department Store
-
Fast Lane Travel Travel Agency
-
Oldsmar Tobacco and Smoke Shop (Bike/Boat/Book/etc) Store
-
Felix's Hair We Are Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.81M
Owner & transaction history
COLUMBIA SHOPPING CNTR INC
COLUMBIA SHOPPING CNTR INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Oldsmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oldsmar 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
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±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
$151 / 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
$19,567
Tax year 2023
Assessed value
$1,175,000
Assessed 2023
Previous assessed
$995,000
+18.1% YoY
Effective rate
1.67%
On assessed value
Land market value
$601,937
Improvement market value
$573,063
Total market value
$1,175,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
10
Total area
12,000 SF
Lot
1.12 ac (48,726 SF)
APN
23-28-16-63936-062-0010
UPID
US18-4348179
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
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
10
Lot
1.12 ac
Current owner
From public records · entity-resolved
COLUMBIA SHOPPING CNTR INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 14, PALM HARBOR, FL 34682-0014
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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