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Property profile & analytics
OFF-MARKET
Apartment buildings
401 Rosery NE Rd, Largo, FL 33770-5400
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3890307
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
CONCRETE BLOCKS
Total area
27,064 SF
Lot
18.02 ac (784,746 SF)
APN
27-29-15-00000-440-0700
UPID
US18-3890307
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
-
Adrianna VanZandt Mobile Notary Law Firm
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
MJ Detailing & Cleaning Car Wash
-
Waterchase Apartments Apartment Complex Apartment Building
-
Certified Lighting and Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vqhs Waterchase LLC · 3 yrs held
Vqhs Waterchase LLC
since 2022
Last sale
$58.6M
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$936,104
Tax year 2023
Assessed value
$49,500,000
Assessed 2023
Previous assessed
$32,250,000
+53.5% YoY
Effective rate
1.89%
On assessed value
Land market value
$17,306,663
Improvement market value
$32,193,337
Total market value
$49,500,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1969
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
20
Stories
2
Units
28
Bathrooms
327
Total area
27,064 SF
Lot
18.02 ac (784,746 SF)
APN
27-29-15-00000-440-0700
UPID
US18-3890307
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
Building & site characteristics
From public records
Year built
1969
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
20
Units
28
Bathrooms
327
Lot
18.02 ac
Current owner
From public records · entity-resolved
Vqhs Waterchase LLC
Entity
Mailing address
3900 EDISON LKS PKWY STE #201, MISHAWAKA, IN 46545-3442
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$58,550,000
Vqhs Waterchase LLC
Waterchase Largo Owner LLC
Special Warranty Deed
$15,300,000 · American National Life Insurance Co
May 1, 2019
$32,300,000
Waterchase Largo Owner LLC
Westdale Waterchase LLC
Trustees Deed
related
$23,403,000 · Newmark Knight Frank
Dec 9, 2011
$1,475,000
Westdale Waterchase LLC
Largo Westmarc Limited Partnership
Special Warranty Deed
—
Aug 26, 1999
$7,600,000
Ashley Crossings Apt Homes
Universal Corp Of Pinellas
Grant Deed
$12,989,900 · Continental Wingate Associates
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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