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Property profile & analytics
OFF-MARKET
Estimated value
$4,215,000
Strip malls
2480 Bay Dr Largo, FL 33771-2467
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-9349131
Property summary
AI-generated overview
East Bay Junction offers 56,668 square feet of retail space in Largo, Florida's Mid-Pinellas submarket. This single-story building, renovated in 2020, features eleven entrances and ample parking (319 spaces). Currently, the property includes notable tenants such as Whiskey Wings Restaurant and Amped Fitness, and benefits from the shadow-anchor presence of a Winn Dixie grocery store. Two spaces totaling 2,600 square feet are immediately available, with a minimum divisible space of 2,600 square feet. The property is zoned C and enjoys a strategic location with easy access from East Bay Drive and Keene Road, providing excellent visibility and accessibility. The surrounding area is experiencing significant growth and development, including the Horizon on West Bay project, road improvements, park upgrades, and increased residential and commercial opportunities. This vibrant community offers a strong potential customer base for retailers seeking a prime location in a thriving market. The property's convenient location and strong tenant mix make it an attractive investment opportunity. The APN is 36-29-15-00000-230-0500.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
CONCRETE BLOCKS
Total area
15,446 SF
Lot
6.61 ac (287,980 SF)
APN
36-29-15-00000-230-0500
UPID
US18-9349131
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
-
Blue Q Health And Wellness Alternative Medicine Practice
-
Frank Perez: Allstate Insurance Insurance Agency
-
American Financial Financial Advisor
-
Crafty Framer (Bike/Boat/Book/etc) Store Home Decor Store
-
Coastal Nutrition Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.22M
Blend (final)
Blend
$4.22M
Owner & transaction history
Mbw Investors LLC · 12 yrs held
Mbw Investors LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.4M
+122.4%
Commercial (general)
$3.8M
+30.7%
Industrial (general)
$3.5M
+20.2%
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
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
NEIGHBORHOOD: SHOPPING CENTER
$2,890,000
Current use
AUTO REPAIR, GARAGE
$6,425,000
Change: +122% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,780,000
Change: +31% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,475,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$3,245,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$2,870,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$2,795,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$4.22M
Range $3.79M – $4.64M · ±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
$273 / 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
$74,711
Tax year 2023
Assessed value
$4,450,000
Assessed 2023
Previous assessed
$4,020,000
+10.7% YoY
Effective rate
1.68%
On assessed value
Land market value
$1,737,057
Improvement market value
$2,712,943
Total market value
$4,450,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Bathrooms
24
Total area
15,446 SF
Lot
6.61 ac (287,980 SF)
APN
36-29-15-00000-230-0500
UPID
US18-9349131
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$3.8M
INDUSTRIAL (GENERAL)
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1989
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
24
Lot
6.61 ac
Current owner
From public records · entity-resolved
Mbw Investors LLC
Entity
Free & Clear · 12 yrs held
Mailing address
14502 N DL MABRY HWY STE #333, TAMPA, FL 33618-2043
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2014
$1,800,000
Mbw Investors LLC
Cri Plaza 1 LLC
Grant Deed
—
Sep 22, 2008
$3,217,000
Cri Plaza 1 LLC
Kimco Largo 196 INC
Grant Deed
—
—
—
Beverly L Payne
—
Deed Of Trust
related
$7,999 · Beneficial Florida INC
—
—
Carlos Asuncion
—
Deed Of Trust
related
$111,999 · Beneficial Florida INC
—
—
Johnny Dandy
—
Deed Of Trust
related
$15,600 · Beneficial Florida INC
—
—
Ralph Zeger
—
Deed Of Trust
related
$12,924 · Beneficial Florida INC
—
—
Terri L Lee
—
Deed Of Trust
related
$23,814 · Beneficial Florida INC
—
—
Michael E Thomas
—
Deed Of Trust
related
$12,100 · Beneficial Florida INC
—
—
Vickie J Poerkins
—
Deed Of Trust
related
$7,937 · Beneficial Florida INC
—
—
Terrance Herr
—
Deed Of Trust
related
$7,968 · Beneficial Florida INC
—
—
Virginia R Santos
—
Deed Of Trust
related
$14,843 · Beneficial Florida INC
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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