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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Manufacturing properties
1373 Belcher Rd Sd, Largo, FL 33771-5249
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6086852
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1976
Construction
FRAME
Total area
6,000 SF
Lot
0.42 ac (18,469 SF)
APN
06-30-16-70938-200-0702
UPID
US18-6086852
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
-
Bob Stapleton Heating & Air Conditoning HVAC Service General Contractor
-
Frank's Mobile Jet Ski Service & Repair (Bike/Boat/Book/etc) Store
-
SHANI Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$885k
Owner & transaction history
Homebody Investments LLC · 3 yrs held
Homebody Investments LLC
since 2022
Last sale
$760,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+8.8%
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
$1,075,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$675,000
7%
$630,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,350,000
Current use
COMMERCIAL (GENERAL)
$1,470,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$1,260,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,125,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$1,115,000
Change: -17% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,085,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $760k (Sep 23 2022)
Last sale anchor
$760k
Sep 23 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
$148 / 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
$10,590
Tax year 2023
Assessed value
$560,000
Assessed 2023
Previous assessed
$342,000
+63.7% YoY
Effective rate
1.89%
On assessed value
Land market value
$223,664
Improvement market value
$336,336
Total market value
$560,000
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
Off-Market
Year built
1976
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
1
Total area
6,000 SF
Lot
0.42 ac (18,469 SF)
APN
06-30-16-70938-200-0702
UPID
US18-6086852
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1976
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Homebody Investments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5841 106TH TER N, PINELLAS PARK, FL 33782-2607
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
$760,000
Homebody Investments LLC
Nyla Storage LLC
Warranty Deed
—
Jan 16, 2020
$450,000
Nyla Storage LLC
Joe Cp LLC
Warranty Deed
—
Aug 5, 2009
$236,000
Joe Cp LLC
Industrial Realty Invs LLC
Warranty Deed
—
Feb 13, 2003
$146,200
Industrial Realty Investments
Carol,r Tr
Grant Deed
—
—
—
Carol R Meles
—
Deed Of Trust
related
$100,000 · Pinells Community Bank
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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