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Property profile & analytics
OFF-MARKET
Estimated value
$17,500,000
Apartment buildings
13500 Rodgers Ave Largo, FL 33771-4964
Entity Owned
2-yr Hold
Free & Clear
Property ID
US19-0824200
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
CONCRETE BLOCKS
Total area
79,008 SF
Lot
7.58 ac (330,006 SF)
APN
06-30-16-15498-000-0170
UPID
US19-0824200
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
-
Faris Residences Largo Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$17.50M
CAP Approach
CAP
$11.18M
Comparable Approach
Comparable
$11.67M
Blend (final)
Blend
$17.50M
Owner & transaction history
Fcp Tampa 01 LP · 2 yrs held
Fcp Tampa 01 LP
since 2024
Last sale
$17.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$19.3M
+55.4%
Industrial (general)
$17.8M
+42.9%
Office building
$16.6M
+33.5%
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
$17,500,000
ML approach
$17,500,000
CAP Approach
CAP Return
Estimation
6%
$12,110,000
6.5%
$11,180,000
7%
$10,380,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,435,000
Current use
COMMERCIAL (GENERAL)
$19,325,000
Change: +55% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$17,770,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$16,610,000
Change: +34% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$14,785,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$14,675,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$17.50M
Range $15.75M – $19.25M · ±10% · vs last sale $17.50M (Mar 26 2024)
Last sale anchor
$17.50M
Mar 26 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
$221 / 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
$198,568
Tax year 2023
Assessed value
$10,500,000
Assessed 2023
Previous assessed
$10,500,000
+0.0% YoY
Effective rate
1.89%
On assessed value
Land market value
$2,626,755
Improvement market value
$7,873,245
Total market value
$10,500,000
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
1984
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
104
Bathrooms
130
Total area
79,008 SF
Lot
7.58 ac (330,006 SF)
APN
06-30-16-15498-000-0170
UPID
US19-0824200
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.4M
COMMERCIAL (GENERAL)
Est. value
$19.3M
INDUSTRIAL (GENERAL)
Est. value
$17.8M
OFFICE BUILDING
Est. value
$16.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.8M
RETAIL STORES
Est. value
$14.7M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1984
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
104
Bathrooms
130
Lot
7.58 ac
Current owner
From public records · entity-resolved
Fcp Tampa 01 LP
Entity
Free & Clear · 2 yrs held
Mailing address
999 VANDERBILT BCH RD STE #200, NAPLES, FL 34108-3512
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2024
$17,500,000
Fcp Tampa 01 LP
Latitude Est Creek LLC
Special Warranty Deed
—
Apr 23, 2021
$11,750,000
Latitude Forest Creek LLC
Rodgers Forest Creek LLC
Special Warranty Deed
—
Jul 19, 2018
$10,000,000
Rodgers Forest Creek LLC
Fl Forest Creek LLC
Warranty Deed
—
Sep 30, 2016
—
Fl Forest Creek LLC
—
Deed
related
$8,025,000 · Berkadia Com'l Mtg
Mar 4, 2015
$7,600,100
Fl Forest Creek LLC
Forest Creek Apartments LLC
Grant Deed
$6,080,000 · Berkeley Point Cap
Mar 27, 2013
$4,525,000
Forest Creek Apartments LLC
Credit Suisse Series 2006-c3
Grant Deed
$3,637,500 · Usameribank
Aug 2, 2012
$5,429,200
Fargo Bk Series 2006-c3 Wells
Alliance Pp2 Fx2 LP
Grant Deed
related
—
May 3, 2006
$296,600
Pp2 Fx2 Alliance
Everest Pp2 Fx2
Grant Deed
—
Feb 10, 2006
$6,600,000
Pp2 Fx2 Alliance
Alliance Pp
Grant Deed
$5,429,173 · Column Financial INC
Mar 1, 2005
$183,600
Everest Pp
Alliance Pp
Grant Deed
—
Nov 23, 2004
$4,500,000
Pp Alliance
Alliance Gd Cc
Grant Deed
related
$810,000,000 · Column Financial INC
Apr 6, 2000
$3,178,300
Gd Cc LP Alliance
Alliance Cc Portfolio LP
Grant Deed
related
—
Oct 31, 1997
$2,300,000
Cc Portfolio LP Alliance
United Dominion Realty Trust
Grant Deed
$2,087,400 · Lehman Capital Corp
Jul 2, 1997
$2,400,000
United Dominion Realty Trust
American Capitol Group I Asset
Grant Deed
—
—
—
Fl Forest Creek LLC
—
Loan Modification
related
$8,025,000 · Berkadia Com'l Mtg
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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