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Property profile & analytics
OFF-MARKET
Estimated value
$39,750,000
Apartment buildings
7049 Ulmerton Rd Largo, FL 33771
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1862231
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
250,340 SF
Lot
16.07 ac (699,796 SF)
APN
06-30-16-70938-400-0801
UPID
US18-1862231
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$37.25M
Blend (final)
Blend
$39.75M
Owner & transaction history
Bwf III Grp Oasis Bayside · 1 yrs held
Bwf III Grp Oasis Bayside
since 2025
Last sale
$42.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$61.2M
+55.4%
Industrial (general)
$56.3M
+42.9%
Office building
$52.6M
+33.5%
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)
$39,405,000
Current use
COMMERCIAL (GENERAL)
$61,230,000
Change: +55% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$56,305,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$52,625,000
Change: +34% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$46,840,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$46,490,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$39.75M
Range $35.78M – $43.73M · ±10% · vs last sale $42.25M (Dec 18 2024)
Last sale anchor
$42.25M
Dec 18 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
$159 / 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
$633,998
Tax year 2023
Assessed value
$33,525,000
Assessed 2023
Previous assessed
$33,000,000
+1.6% YoY
Effective rate
1.89%
On assessed value
Land market value
$6,271,972
Improvement market value
$27,253,028
Total market value
$33,525,000
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
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
304
Bathrooms
329
Total area
250,340 SF
Lot
16.07 ac (699,796 SF)
APN
06-30-16-70938-400-0801
UPID
US18-1862231
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
$39.4M
COMMERCIAL (GENERAL)
Est. value
$61.2M
INDUSTRIAL (GENERAL)
Est. value
$56.3M
OFFICE BUILDING
Est. value
$52.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$46.8M
RETAIL STORES
Est. value
$46.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
304
Bathrooms
329
Lot
16.07 ac
Current owner
From public records · entity-resolved
Bwf III Grp Oasis Bayside
Individual
Mailing address
350 S BEVERLY DR STE #300, BEVERLY HILLS, CA 90212-4816
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2025
—
Bwf III Grp Oasis Bayside
Housing Finance Authority Of Pinell
Deed
related
—
Mar 18, 2025
$42,250,000
Bwf III Grp Oasis Bayside LLC
Latitude Oasis At Bayside LLC
Special Warranty Deed
$35,444,000 · Key Bank NA
Mar 18, 2025
$8,750,000
Housing Fin Authority Of Pinellas C
Latitude Oasis At Bayside LLC
Special Warranty Deed
—
Oct 13, 2022
—
Latitude Oasis At Bayside LLC
—
Deed
related
$7,538,000 · Berkadia Commercial Mortgage LLC
Oct 19, 2018
$325,000
Latitude Oasis At Bayside LLC
Mlg Pf Oasis Investment LLC
Special Warranty Deed
$21,125,000 · Berkadia Commercial Mortgage LLC
Sep 19, 2016
$23,150,000
Mlg Of Pf Oasis Investment LLC
Redwood Largo Crossing LLC
Grant Deed
$13,840,000 · * Other Institutional Lenders
May 13, 2013
—
Redwood Largo Crossing LLC
Landmark At Largo Crossing LP
Special Warranty Deed
$13,840,000 · Wells Fargo Bank NA
Feb 16, 2011
—
Landmark Of Largo Crossing LP
Parrish,anthony R JR Coc
Trustees Deed
related
—
Jan 19, 2011
$80,100
Landmark At Largo Crossing LP
Parrish,anthony R JR
Grant Deed
—
Jun 24, 2005
—
Trust 2401-2145-00
H & G Ptshp
Grant Deed
—
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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