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Property profile & analytics
OFF-MARKET
Estimated value
$3,020,000
Office buildings
1775 Bay Dr, Largo, FL 33771-2213
Entity Owned
8-yr Hold
Property ID
US18-7490818
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2021
Construction
CONCRETE BLOCKS
Total area
11,126 SF
Lot
3.38 ac (147,390 SF)
APN
35-29-15-00000-420-0200
UPID
US18-7490818
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
-
Christopher M. Sherman, MD Physician Medical Clinic
-
M. Scott Klavans, MD Physician Medical Clinic
-
Juanita Flashenburg, NP Physician
-
Jonathan Beilan, MD Physician Medical Clinic
-
Matthew Truesdale, MD, FACS Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$3.02M
Owner & transaction history
Uswf 1 Real Estate LLC · 8 yrs held
Uswf 1 Real Estate LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.6M
+97.9%
Commercial (general)
$2.7M
+16.4%
Industrial (general)
$2.5M
+7.0%
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
OFFICE BUILDING
$2,340,000
Current use
AUTO REPAIR, GARAGE
$4,630,000
Change: +98% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,720,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,500,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,080,000
Change: -11% · Conversion: Difficult
RETAIL STORES
$2,065,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,015,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.02M
Range $2.72M – $3.32M · ±10%
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
$271 / 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
$50,020
Tax year 2023
Assessed value
$2,645,000
Assessed 2023
Previous assessed
$2,425,000
+9.1% YoY
Effective rate
1.89%
On assessed value
Land market value
$515,325
Improvement market value
$2,129,675
Total market value
$2,645,000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2021
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
11,126 SF
Lot
3.38 ac (147,390 SF)
APN
35-29-15-00000-420-0200
UPID
US18-7490818
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
$2.3M
AUTO REPAIR, GARAGE
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
2021
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
3.38 ac
Current owner
From public records · entity-resolved
Uswf 1 Real Estate LLC
Entity
Mailing address
430 MORTON PLANT ST STE #206, CLEARWATER, FL 33756-3396
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2021
—
Uswf 1 Real Estate LLC
—
Deed
related
$4,052,300 · The Bank Of Tampa
Jan 28, 2020
—
Uswf 1 Real Estate LLC
—
Deed
related
$3,720,000 · Bank Of Tampa
Aug 22, 2019
—
Uswf 1 Real Estate LLC
—
Deed
related
$465,000 · Bank Of Tampa
Oct 19, 2017
$760,000
Uswf 1 Real Estate LLC
Florida Gulf Real Estate INC
Special Warranty Deed
$494,000 · Synovus Bank
Aug 28, 1998
$160,000
Florida Gulf Real Estate INC
Byerly,edwin F & Jhoell R
Grant Deed
—
—
—
Uswf 1 Real Estate LLC
—
Deed Of Trust
related
$465,000 · Bank Of Tampa
—
—
Uswf I Real Estate LLC
—
Loan Modification
related
$118,547 · Bank Of Tampa
—
—
Uswf 1 Real Estate LLC
—
Loan Modification
related
$556,103 · Bank Of Tampa
—
—
Uswf 1 Real Estate LLC
—
Deed Of Trust
related
$3,720,000 · Bank Of Tampa
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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