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Property profile & analytics
OFF-MARKET
Estimated value
$12,960,000
Assisted living facilities
900 Beckett Way, Tarpon Springs, FL 34689-5709
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4526066
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1984
Construction
CONCRETE BLOCKS
Total area
37,893 SF
Lot
7.97 ac (347,060 SF)
APN
06-27-16-89388-000-0500
UPID
US18-4526066
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
-
Peninsula Care & Rehabilitation Center Nursing Home
-
Angela Shuler Physician
-
MARIUM TARIQ Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.87M
Blend (final)
Blend
$12.96M
Owner & transaction history
900 Beckett Way LLC · 3 yrs held
900 Beckett Way LLC
since 2022
Last sale
$12.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.5M
+104.6%
Auto repair, garage
$15.7M
+49.6%
Neighborhood: shopping center
$10.5M
+0.3%
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 Tarpon Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tarpon Springs 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
$14,045,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$10,490,000
Current use
RESTAURANT
$21,465,000
Change: +105% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,690,000
Change: +50% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,520,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$8,800,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$12.96M
Range $11.66M – $14.26M · ±10% · vs last sale $12.42M (Oct 17 2022)
Last sale anchor
$12.42M
Oct 17 2022
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
$342 / 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
$61,349
Tax year 2023
Assessed value
$3,270,000
Assessed 2023
Previous assessed
$3,155,000
+3.6% YoY
Effective rate
1.88%
On assessed value
Land market value
$1,225,186
Improvement market value
$2,044,814
Total market value
$3,270,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1984
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
10
Units
64
Bathrooms
75
Total area
37,893 SF
Lot
7.97 ac (347,060 SF)
APN
06-27-16-89388-000-0500
UPID
US18-4526066
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$10.5M
RESTAURANT
Est. value
$21.5M
AUTO REPAIR, GARAGE
Est. value
$15.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.5M
OFFICE BUILDING
Est. value
$8.8M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
10
Units
64
Bathrooms
75
Lot
7.97 ac
Current owner
From public records · entity-resolved
900 Beckett Way LLC
Entity
Mailing address
311 WALLABOUT ST, BROOKLYN, NY 11206-4325
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
—
900 Beckett Way LLC
—
Deed
related
$14,235,768 · Capital Funding
Oct 17, 2022
$12,417,400
900 Beckett Way LLC
Nrs Ventures LLC
Special Warranty Deed
$28,119,000 · Popular Bank
Mar 25, 2004
—
Nrs Ventures LLC
Omega Healthcare Investors INC
Grant Deed
related
—
Dec 9, 2002
$75,000
Images Custom Homes INC
Cypress Park Of Tarpon Springs
Grant Deed
—
Apr 9, 1998
$10,000,000
Omega Healthcare Investors INC
Central Park Lodges INC
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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