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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Office buildings
12945 Seminole Blvd, Largo, FL 33778-2319
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1860308
Property summary
AI-generated overview
Prosperity Plaza, a Class B office complex in Largo, Florida, offers versatile spaces ideal for businesses of all sizes. This two-story building, totaling 9,060 square feet, is situated on a 46,174 square foot lot at 12945 Seminole Blvd, 33778, and boasts convenient access to Largo Mall. Currently undergoing major renovations, including recently completed bathroom and common area upgrades in Building "B", the property provides multiple tenancy options ranging from a minimum of 406 square feet to a maximum contiguous space of 2,371 square feet. The building features elevators and ample parking (2.54 spaces per 1,000 square feet). Its zoning is CG, and its prime location just south of Ulmerton Road on Seminole Boulevard makes it a highly desirable location for businesses seeking convenient access to shopping and amenities. Three spaces are currently available, offering a unique opportunity to establish a presence in a revitalized office complex undergoing significant improvements. The property's strategic location and modern amenities make it an excellent choice for businesses seeking a thriving and accessible workspace.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1972
Construction
CONCRETE BLOCKS
Total area
9,064 SF
Lot
1.06 ac (45,982 SF)
APN
10-30-15-00000-130-0300
UPID
US18-1860308
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
-
A Beautiful Massage Alternative Medicine Practice Spa & Massage Center
-
Elite Call Centers Telecommunications Service Marketing & Advertising
-
Cornerstone Realty Services Inc Real Estate Agency
-
Prosperity Capital Partners Real Estate Agency
-
Calvary Bible College Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.31M
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$1.98M
Owner & transaction history
Alpha & Omega 03 LLC · 4 yrs held
Alpha & Omega 03 LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+26.2%
Industrial (general)
$1.8M
+2.2%
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
$1,620,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,500,000
6.5%
$2,310,000
7%
$2,145,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,755,000
Current use
COMMERCIAL (GENERAL)
$2,215,000
Change: +26% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,795,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,695,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$1,685,000
Change: -4% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,640,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.18M · ±10% · vs last sale $1.85M (May 21 2022)
Last sale anchor
$1.85M
May 21 2022
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
$218 / 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
$29,312
Tax year 2023
Assessed value
$1,550,000
Assessed 2023
Previous assessed
$1,175,000
+31.9% YoY
Effective rate
1.89%
On assessed value
Land market value
$738,645
Improvement market value
$811,355
Total market value
$1,550,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1972
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Bathrooms
10
Total area
9,064 SF
Lot
1.06 ac (45,982 SF)
APN
10-30-15-00000-130-0300
UPID
US18-1860308
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
OFFICE BUILDING Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1972
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
10
Lot
1.06 ac
Current owner
From public records · entity-resolved
Alpha & Omega 03 LLC
Entity
Mailing address
12945 SEMINOLE BLVD STE 1-5, LARGO, FL 33778-2313
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2022
$1,850,000
Alpha & Omega 03 LLC
Learning Empowered INC
Warranty Deed
$2,050,000 · Bank Of Central Florida
Feb 29, 2016
$690,000
United Methodist Cooperative M
Dcr Real Estate IV Sub I LLC
Warranty Deed
$1,120,000 · Private Individual
Jun 22, 2007
$2,178,000
Clay Ave Realty Corp
Barnett,james A & Mary A
Warranty Deed
$1,400,000 · Hometown Commercial Capital
Nov 16, 2005
$1,950,000
James A Barnett
Kelmer Capital Partners LLC
Warranty Deed
$1,099,706 · Bank Of St Petersburg
Oct 27, 2004
$1,400,000
Kelmar Capital Partners LLC
Platinum Prop Mgmt Group LLC
Warranty Deed
related
$1,120,000 · Bank Of St Petersburg
Mar 13, 2001
$1,055,000
Platinum Property Mgmt Group
Garret Corp
Grant Deed
$600,000 · Peoples Bank & Trust
Jan 19, 1999
$680,000
Garret Corp
Loiselle,gerard
Grant Deed
$450,000 · First National Bank Florida
—
—
Dcr Real Estate IV Sub I LLC
—
Deed Of Trust
related
$5,167,764 · Usameribank
—
—
Dcr Real Estate IV Sub I LLC
—
Deed Of Trust
related
$605,000 · Goldman Sachs Bank USA
—
—
Dcr Real Estate IV Sub I LLC
—
Deed Of Trust
related
$1,050,000 · Wells Fargo Capital Finance
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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