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Property profile & analytics
OFF-MARKET
Estimated value
$4,705,000
Manufacturing properties
8601 Somerset Dr, Largo, FL 33773-2719
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5191582
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Construction
STEEL FRAME
Total area
33,600 SF
Lot
3.52 ac (153,344 SF)
APN
12-30-15-69615-000-0061
UPID
US18-5191582
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
-
Dataprint Manufacturing Tech Recycling Center Waste Management Facility
-
Warehouse for Lease Warehouse & Storage
-
Hyperion Munitions Industrial Manufacturer Production Facility
-
EzBook Solution, LLC Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.79M
Comparable Approach
Comparable
$6.06M
Blend (final)
Blend
$4.71M
Owner & transaction history
8601 Somerset LLC · 5 yrs held
8601 Somerset LLC
since 2021
Last sale
$3.6M
7 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
Method
Estimation
Statistic approach
$5,200,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,105,000
6.5%
$3,790,000
7%
$3,520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,615,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$4.71M
Range $4.23M – $5.18M · ±10% · vs last sale $3.55M (May 25 2021)
Last sale anchor
$3.55M
May 25 2021
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
$140 / 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
$64,075
Tax year 2023
Assessed value
$3,315,000
Assessed 2023
Previous assessed
$3,000,000
+10.5% YoY
Effective rate
1.93%
On assessed value
Land market value
$800,450
Improvement market value
$2,514,550
Total market value
$3,315,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
7
Total area
33,600 SF
Lot
3.52 ac (153,344 SF)
APN
12-30-15-69615-000-0061
UPID
US18-5191582
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
Est. value
$7.6M
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
1981
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
7
Lot
3.52 ac
Current owner
From public records · entity-resolved
8601 Somerset LLC
Entity
Mailing address
8601 SOMERSET DR, LARGO, FL 33773-2719
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Jul 5, 2023
—
8601 Somerset LLC
—
Deed
related
$2,605,500 · Flagship Community Bank
Oct 25, 2021
—
8601 Somerset LLC
—
Deed
related
$953,000 · American Momentum Bank
May 25, 2021
$3,550,000
8601 Somerset LLC
Workman Properties INC
Special Warranty Deed
$3,428,800 · American Momentum Bank
Feb 24, 2020
—
Workman Properties INC
—
Deed
related
$1,500,000 · Vast Bank NA
Aug 9, 2019
—
Cousin Corp Of America
—
Deed
related
$3,500,000 · Aegis Business Credit LLC
Jan 5, 2012
—
Workman Properties INC
—
Deed Of Trust
related
$1,671,506 · Wells Fargo Bank
Nov 6, 1997
$1,500,000
Carl O Dalton
C T Enterprises
Grant Deed
—
—
—
Workman Properties INC
—
Loan Modification
related
$1,539,708 · Wells Fargo Bk
—
—
Cousin Corp Of America
—
Deed Of Trust
related
$3,500,000 · Aegis Business Credit LLC
—
—
Workman Properties INC
—
Deed Of Trust
related
$690,130 · Wachovia Bank NA
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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