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Property profile & analytics
OFF-MARKET
Estimated value
$11,515,000
Assisted living facilities
333 16th SE Ave, Largo, FL 33771-4407
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-4246233
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1992
Construction
WOOD
Total area
56,109 SF
Lot
4.53 ac (197,327 SF)
APN
03-30-15-00000-420-0100
UPID
US18-4246233
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
-
Sodalis of Largo Nursing Home Retirement Community
-
Barrington Terrace of Largo Nursing Home
-
ARC Therapy Services Physician
-
Princeton Village Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.51M
Blend (final)
Blend
$11.52M
Owner & transaction history
Shp III Barrington Terrace LLC · 19 yrs held
Shp III Barrington Terrace LLC
since 2006
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$15,535,000
Current use
COMMERCIAL (GENERAL)
$13,725,000
Change: -12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,620,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$11.52M
Range $10.36M – $12.67M · ±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
$205 / 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
$90,075
Tax year 2023
Assessed value
$4,783,000
Assessed 2023
Previous assessed
$4,585,000
+4.3% YoY
Effective rate
1.88%
On assessed value
Land market value
$796,796
Improvement market value
$3,986,204
Total market value
$4,783,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
66
Bathrooms
72
Total area
56,109 SF
Lot
4.53 ac (197,327 SF)
APN
03-30-15-00000-420-0100
UPID
US18-4246233
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$15.5M
COMMERCIAL (GENERAL)
Est. value
$13.7M
INDUSTRIAL (GENERAL)
Est. value
$12.6M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1992
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Units
66
Bathrooms
72
Lot
4.53 ac
Current owner
From public records · entity-resolved
Shp III Barrington Terrace LLC
Entity
Mailing address
PO BOX 71970, PHOENIX, AZ 85050-1017
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Jul 18, 2006
$3,789,400
Shp III Barrington Terrace LLC
Barrington Terrace Props LLC
Grant Deed
$5,125,783 · Wachovia Bk C Tr 2005-c20 (tr)
Oct 5, 2004
$4,100,000
Barrington Terrace Props LLC
Barrington Terrace
Grant Deed
related
$3,600,000 · Wachovia Bank NA
—
—
John J Tannoia
—
Deed Of Trust
related
$55,000 · United Bank & Trust Co
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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