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Property profile & analytics
OFF-MARKET
Estimated value
$15,895,000
Office buildings
8550 Ulmerton Rd, Largo, FL 33771-5358
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3009090
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1972
Construction
CONCRETE BLOCKS
Total area
58,560 SF
Lot
14.9 ac (649,175 SF)
APN
12-30-15-85157-000-0020
UPID
US18-3009090
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
-
AGR Group Telecommunications Service Marketing & Advertising
-
Family Support Services of Pasco and Pinellas County Social Service Agency Community Center
-
Air Frost Conditioning HVAC Service General Contractor
-
Sales Verification Company Business To Business Service
-
Ensurem Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.89M
Blend (final)
Blend
$15.90M
Owner & transaction history
Starkey Lakes Hpd II · 20 yrs held
Starkey Lakes Hpd II
since 2006
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.4M
+97.9%
Commercial (general)
$14.3M
+16.4%
Industrial (general)
$13.2M
+7.0%
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
OFFICE BUILDING
$12,310,000
Current use
AUTO REPAIR, GARAGE
$24,365,000
Change: +98% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,325,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$13,170,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,955,000
Change: -11% · Conversion: Difficult
RETAIL STORES
$10,875,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$10,600,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$15.90M
Range $14.31M – $17.48M · ±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
$271 / 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
$191,502
Tax year 2023
Assessed value
$10,400,000
Assessed 2023
Previous assessed
$9,750,000
+6.7% YoY
Effective rate
1.84%
On assessed value
Land market value
$2,197,290
Improvement market value
$8,202,710
Total market value
$10,400,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1972
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Bathrooms
32
Total area
58,560 SF
Lot
14.9 ac (649,175 SF)
APN
12-30-15-85157-000-0020
UPID
US18-3009090
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
OFFICE BUILDING Current
Est. value
$12.3M
AUTO REPAIR, GARAGE
Est. value
$24.4M
COMMERCIAL (GENERAL)
Est. value
$14.3M
INDUSTRIAL (GENERAL)
Est. value
$13.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.0M
RETAIL STORES
Est. value
$10.9M
WAREHOUSE, STORAGE
Est. value
$10.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1972
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
32
Lot
14.9 ac
Current owner
From public records · entity-resolved
Starkey Lakes Hpd II
Individual
Mailing address
5550 W EXECUTIVE DR STE #550, TAMPA, FL 33609-1009
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2006
—
Starkey Lakes Hpd II
Starkley Lakes Ltd
Quit Claim Deed
related
$6,750,000 · Bank Of St Petersburg
Nov 23, 2005
$640,000
Starkey Lakes Hpd II
Starkey Lakes Ltd
Grant Deed
related
—
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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