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    714 1St Ave SW Largo, FL 33770

    View on Map
    Sponsored
    For Sale
    $460,000

    Triplex - LARGO, FL

    Type:Triplex
    Property size:
    2,644 SF
    Lot size:
    0.11 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 14 at 4:06 pm

    Property Features for 714 1St Ave SW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    34-29-15-37224-002-0090
    Parking features
    Carport
    Interior features
    Open Floorplan
    Size
    2,644 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Central, Exhaust Fan (Heating), Space Heater
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1953
    Number of units
    3
    Building materials
    Block, Concrete
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Alexander Izikson

    Richard Peters Realty LLC (352) 448-9712

    Listing agent Alexander Izikson (352) 448-9712 License #3590476

    Listing date Mar 14, 2026

    MLS# TB8486424 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Triplex in Downtown Largo

    Located in the heart of Downtown Largo, this mixed-use property offers immediate income potential and flexible future use. The property features a fully updated three-unit configuration, including two residential units and one commercial storefront, providing multiple revenue streams. The commercial space, spanning 1,100 square feet, is suitable for various businesses such as retail, office, spa, barbershop, or medical practice, and includes a galley kitchen, refrigerator, washer, and dryer. The property also offers value-add potential, with the possibility of converting the commercial space into two additional residential units. The property has a new roof installed in summer 2025, along with new plumbing, electrical, windows, and doors in 2025, and fresh interior paint in 2025. Ceilings and insulation were updated in 2021. Additional features include a one-car carport, on-site parking, and connected storage space in the back. Electricity is separately metered for all units. Situated within walking distance of shopping, restaurants, grocery stores, entertainment, and local businesses, the property is also 3.5 miles from Belleair Beach and 15 minutes from Clearwater Beach. It is also within walking distance to HCA Florida Largo Hospital. The property is located in a high-demand rental market suitable for both short and long-term tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.79601
    Latitude
    27.916277

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    FAQs

    What type of property is this?
    Mixed-use property - Updated mixed-use property with income potential near Gulf beaches.
    Where is this mixed-use property located?
    The property is located at 714 1St Ave SW Largo, FL.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: - Rare mixed-use property in Downtown Largo with immediate income potential.; - **Fully updated with brand new roof, plumbing, electrical, windows, and doors (all in 2025).**; - Prime location within walking distance to shops, restaurants, and HCA Florida Largo Hospital.
    (781) 996-9676
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    714 1St Ave SW Largo, FL 33770
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    Largo, FL 33770
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    714 1St Ave SW Largo, FL 33770
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    We can help!
    Listing Contact
    Alexander Izikson
    Real Estate License ID: 3590476
    (781) 996-9676 (352) 448-9712
    Learn more
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