Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12941 Park Blvd Seminole, FL 33776-3638

    • Office buildings
    • 3,000 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Apr 25, 2024
    $431,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4846081
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 12941 Park Blvd

    Year built
    1998
    Construction
    CONCRETE BLOCKS
    Lot size
    0.23 lot acres
    Property size
    3,000 SF
    Property type
    Office buildings
    APN
    29-30-15-66372-000-0020
    APU
    293015663720000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seminole
    County
    Pinellas
    State
    Florida
    Longitude
    -82.8177
    Latitude
    27.844
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,722
    $0.00
    $0.00
    $475,000
    -
    $74,022
    $400,978
    $475,000

    Comparable in this City

    • Value Estimation
      $545,000
      4,276 SF

      9150 Antilles Dr

      OFFICE BUILDING • 4,276 SF
      9150 Antilles Dr, Seminole, FL 33776-2149
      View Details
    • Value Estimation
      $2,250,000
      10,003 SF

      13100 Park Blvd

      OFFICE BUILDING • 10,003 SF
      13100 Park Blvd, Seminole, FL 33776-3539
      View Details
    • Value Estimation
      $865,000
      3,233 SF

      9130 Oakhurst Rd

      OFFICE BUILDING • 3,233 SF
      9130 Oakhurst Rd, Seminole, FL 33776-2109
      View Details
    • Value Estimation
      $1,105,000
      4,148 SF

      13144 Park Blvd

      OFFICE BUILDING • 4,148 SF
      13144 Park Blvd, Seminole, FL 33776-3500
      View Details
    • Value Estimation by Request
      2,100 SF

      13177 Park Blvd

      OFFICE BUILDING • 2,100 SF
      13177 Park Blvd, Seminole, FL 33776-3502
      View Details
    • Value Estimation
      $1,070,000
      5,560 SF

      13690 Park Blvd

      PROFESSIONAL BUILDING • 5,560 SF
      13690 Park Blvd, Seminole, FL 33776-3434
      View Details

    Similar Nearby for Sale

    • $649,000
      Pending

      Waterfront Lot in Seminole, FL

      0.63-acre waterfront lot ready for custom build.
      72Nd Ter, Seminole, FL 33776
      View Details
    • $575,000
      0.51 Acres

      Expansive Lot in Seminole, FL

      Large 0.51 acre lot in desirable Seminole neighborhood.
      13296 98Th Ave N, Seminole, FL 33776
      View Details
    • $299,900
      0.29 Acres

      Vacant Land in Seminole, FL

      Vacant lot in Seminole, Florida, ready for dream home.
      Egret Woods Cir, Seminole, FL 33776
      View Details
    • $354,900
      0.14 Acres

      Land Near Beach and Parks

      Residential land close to beach, parks, and schools.
      13311 72Nd Ter N, Seminole, FL 33776
      View Details
    • $2,350,000
      10,600 SF

      Seminole Freestanding Building For Sale

      10,600 SF freestanding building suitable for school or worship center.
      7633 131St St, Seminole, FL 33776
      View Details
    • $397,000
      0.31 Acres

      Vacant Lot in Seminole, FL

      Pristine 0.31-acre vacant lot in the heart of Seminole.
      74TH 74Th Ave N, Seminole, FL 33776
      View Details

    Similar Nearby for Lease

    • $6,609 /Mo
      9,967 SF

      Seminole Executive Office Space Available

      Executive office space near Gulf of Mexico available for rent.
      13800 Park Blvd, Seminole, FL 33776
      View Details
    • Contact for pricing
      51,502 SF

      Oakhurst Plaza Retail Space For Lease

      Seminole, FL Shopping Center Space Available
      9201-9394 Oakhurst Rd, Seminole, FL 33776
      View Details
    • $127,200

      Seminole Freestanding Building For Lease

      10,600 SF MOL air-conditioned space suitable for schools/daycares.
      7633 131St St, Seminole, FL 33776
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12941 Park Blvd
    Seminole, FL 33776-3638
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!