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Property profile & analytics
OFF-MARKET
Estimated value
$72,000,000
Apartment buildings
12700 66th St Largo, FL 33773-1726
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-8329160
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Construction
WOOD FRAME
Total area
150,115 SF
Lot
13 ac (566,280 SF)
APN
07-30-16-14857-000-0010
UPID
US18-8329160
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
-
Redpill Studio Marketing & Advertising Advertising Agency
-
Premier Portfolio International Realty Real Estate Agency
-
Bay to Bay Roofing, Inc. Roofing Company General Contractor
-
Charleston on 66 Real Estate Agency
-
Destiny Carries LFG Electronics & Wireless Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$72.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$72.00M
Owner & transaction history
Bel Largo LLC · 1 yrs held
Bel Largo LLC
since 2024
Last sale
$72.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$85.0M
+217.1%
Auto repair, garage
$62.5M
+132.9%
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
$72,000,000
ML approach
$72,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$85,035,000
Change: +217% · Conversion: Difficult
AUTO REPAIR, GARAGE
$62,455,000
Change: +133% · Conversion: Difficult
Blend value · Realmo final
$72.00M
Range $64.80M – $79.20M · ±10% · vs last sale $72.00M (Nov 18 2024)
Last sale anchor
$72.00M
Nov 18 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
$480 / 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
$1,113,073
Tax year 2023
Assessed value
$59,500,000
Assessed 2023
Previous assessed
$59,500,000
+0.0% YoY
Effective rate
1.87%
On assessed value
Land market value
$4,569,809
Improvement market value
$54,930,191
Total market value
$59,500,000
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
2017
Construction
WOOD FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
4
Units
134
Bathrooms
448
Total area
150,115 SF
Lot
13 ac (566,280 SF)
APN
07-30-16-14857-000-0010
UPID
US18-8329160
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
RESTAURANT
Est. value
$85.0M
AUTO REPAIR, GARAGE
Est. value
$62.5M
RESTAURANT
AUTO REPAIR, GARAGE
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
2017
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Units
134
Bathrooms
448
Lot
13 ac
Current owner
From public records · entity-resolved
Bel Largo LLC
Entity
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2024
$72,000,000
Bel Largo LLC
Bcore Mf 12700 66th St N LLC
Special Warranty Deed
$37,375,000 · The Registered Holders Of Gs Mortgage Se
Nov 5, 2019
$56,782,600
Bcore Mf 12700 66th St N LLC
Dockside Investors Viii LLC
Grant Deed
—
Nov 5, 2019
—
Bcore Mf 12700 66th St N LLC
—
Loan Modification
related
$34,268,351 · Dbr Investments Co Ltd
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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