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Property profile & analytics
FOR LEASE
Manufacturing properties
12955 Starkey Rd, Largo, FL 33771
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3677683
For Lease
1 / 2
$25,365,000
12955 Starkey Rd, Largo, FL 33771
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Construction
STEEL FRAME
Total area
47,200 SF
Lot
11.89 ac (517,806 SF)
APN
12-30-15-85156-001-0010
UPID
US18-3677683
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
-
Roma Industries LLC Industrial Manufacturer
-
Computer Dealer Corporation Electronics & Wireless Store
-
DZS Seminole Industrial Manufacturer Production Facility
-
Stylecraft Manufacturing Industrial Manufacturer Production Facility
-
hadley. Department Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.96M
Blend (final)
Blend
$25.37M
Owner & transaction history
Starkey Owner LP · 4 yrs held
Starkey Owner LP
since 2021
Last sale
$31.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$26.7M
+127.9%
Auto repair, garage
$19.6M
+67.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$26,740,000
Change: +128% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,635,000
Change: +67% · Conversion: Easy
Blend value · Realmo final
$25.37M
Range $22.83M – $27.90M · ±10% · vs last sale $31.01M (Sep 23 2021)
Last sale anchor
$31.01M
Sep 23 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
$537 / 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
$260,602
Tax year 2023
Assessed value
$15,000,000
Assessed 2023
Previous assessed
$12,020,000
+24.8% YoY
Effective rate
1.74%
On assessed value
Land market value
$2,813,329
Improvement market value
$12,186,671
Total market value
$15,000,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
27
Total area
47,200 SF
Lot
11.89 ac (517,806 SF)
APN
12-30-15-85156-001-0010
UPID
US18-3677683
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
$26.7M
AUTO REPAIR, GARAGE
Est. value
$19.6M
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
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
27
Lot
11.89 ac
Current owner
From public records · entity-resolved
Starkey Owner LP
Entity
Free & Clear · 4 yrs held
Mailing address
2001 ROSS AVE STE #3400, DALLAS, TX 75201-2966
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2021
$31,010,000
Starkey Owner LP
Starkey Lakes II Lllp
Special Warranty Deed
—
Dec 1, 2011
$3,250,000
Lakes Starkey II
Starkey Lakes Ltd
Warranty Deed
$10,250,000 · John Hancock Life Insurance Co
Jan 5, 2006
—
Starkey Lakes Hpd II
Starkley Lakes Ltd
Quit Claim Deed
related
$6,750,000 · Bank Of St Petersburg
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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