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Property profile & analytics
OFF-MARKET
Estimated value
$66,520,000
Apartment buildings
601 Rosery NE Rd, Largo, FL 33770-3800
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0896825
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
CONCRETE BLOCKS
Total area
467,234 SF
Lot
23.06 ac (1,004,389 SF)
APN
27-29-15-00000-440-0100
UPID
US18-0896825
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
-
Life Lessons Swimming with Coach Britt Tutoring Service
-
Creonative Design Agency Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Multicultural Dance Academy Theater & Performing Art Venue Training Center
-
Jackson Travel and Vacations Travel Agency
-
Mobile Truck Trailer RV Repair FL Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$66.52M
Blend (final)
Blend
$66.52M
Owner & transaction history
Daphne J Mcluster · 6 yrs held
Daphne J Mcluster
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$92.5M
+14.2%
Neighborhood: shopping center
$87.4M
+8.0%
Retail stores
$86.8M
+7.1%
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
APARTMENT HOUSE (5+ UNITS)
$80,985,000
Current use
INDUSTRIAL (GENERAL)
$92,485,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$87,425,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$86,770,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$85,080,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$66.52M
Range $59.87M – $73.17M · ±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
$142 / 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
$1,264,852
Tax year 2023
Assessed value
$72,900,000
Assessed 2023
Previous assessed
$68,000,000
+7.2% YoY
Effective rate
1.74%
On assessed value
Land market value
$14,330,683
Improvement market value
$58,569,317
Total market value
$72,900,000
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
1971
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
7
Stories
2
Units
444
Bathrooms
725
Total area
467,234 SF
Lot
23.06 ac (1,004,389 SF)
APN
27-29-15-00000-440-0100
UPID
US18-0896825
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$81.0M
INDUSTRIAL (GENERAL)
Est. value
$92.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$87.4M
RETAIL STORES
Est. value
$86.8M
OFFICE BUILDING
Est. value
$85.1M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1971
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
7
Units
444
Bathrooms
725
Lot
23.06 ac
Current owner
From public records · entity-resolved
Daphne J Mcluster
Individual
Free & Clear · 6 yrs held
Mailing address
2922 HATHAWAY RD, RICHMOND, VA 23225-1724
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2020
$750
Daphne J Mcluster
City Of Largo
Grant Deed
related
—
May 18, 2016
—
Malf LLC
Largo Landry LLC
Special Warranty Deed
—
Jul 5, 2011
$14,300,000
Largo Landry LLC
Chaparral LLC
Grant Deed
—
Nov 1, 2001
$19,500,000
Chaparral LLC
Strohm,bruce C
Grant Deed
—
—
—
Chaparral LLC
—
Deed Of Trust
related
$17,500,000 · Column Financial 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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