Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,125,000
Retail space
3950 Bay Dr Largo, FL 33771-1966
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1675406
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Construction
CONCRETE BLOCKS
Total area
13,386 SF
Lot
1.46 ac (63,611 SF)
APN
36-29-15-94575-000-0010
UPID
US18-1675406
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
-
Exploritravel Studios Travel Agency
-
Jodi Bianco Pharmacy
-
Alpa Bhavsar Pharmacy
-
Verizon Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.13M
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$3.13M
Owner & transaction history
Largo 009 LLC · 2 yrs held
Largo 009 LLC
since 2024
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+31.7%
Industrial (general)
$3.0M
+21.1%
Office building
$2.8M
+13.2%
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
$3,125,000
ML approach
$3,125,000
CAP Approach
CAP Return
Estimation
6%
$2,190,000
6.5%
$2,020,000
7%
$1,875,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,485,000
Current use
COMMERCIAL (GENERAL)
$3,275,000
Change: +32% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,010,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$2,815,000
Change: +13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,505,000
Change: +1% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,420,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$3.13M
Range $2.81M – $3.44M · ±10% · vs last sale $3.12M (Apr 23 2024)
Last sale anchor
$3.12M
Apr 23 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
$233 / 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
$45,198
Tax year 2023
Assessed value
$2,390,000
Assessed 2023
Previous assessed
$2,390,000
+0.0% YoY
Effective rate
1.89%
On assessed value
Land market value
$852,205
Improvement market value
$1,537,795
Total market value
$2,390,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
3
Total area
13,386 SF
Lot
1.46 ac (63,611 SF)
APN
36-29-15-94575-000-0010
UPID
US18-1675406
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
RETAIL STORES Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2011
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.46 ac
Current owner
From public records · entity-resolved
Largo 009 LLC
Entity
Mailing address
PO BOX 140530, KANSAS CITY, MO 64114-8530
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2024
$3,122,500
Largo 009 LLC
Udpp Investments LLC
Special Warranty Deed
$1,840,000 · Academy Bank NA
Feb 10, 2016
$3,500,000
Udpp Investments LLC
Pv-belcher LLC
Special Warranty Deed
$1,750,000 · Coconut Grove Bank
Dec 2, 2014
$2,250,000
Pv-belcher LLC
Walgreen Co
Grant Deed
$1,350,000 · Usameribank
Mar 6, 2009
$500,000
Walgreen Co
Kidd,richard C & R L Trust
Warranty Deed
—
Feb 27, 2009
$1,450,000
Walgreen Co
Buxton Properties INC
Grant Deed
—
Oct 28, 2002
$519,200
R & H East Bay LLC
Exxonmobil Oil Corp
Grant Deed
$612,000 · Citicorp Leasing 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3950 Bay Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
