Freestanding Storefront
For Sale
$900,000
11002 SEMINOLE Boulevard, Largo, FL 33778
Commercial Sale, LARGO, FL
Property Size3,766 SF
Lot Size0.42 Acres
Price / SF$238.98
Days on Market55
Property Features for 11002 SEMINOLE Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Directions
Ulmerton - Seminole - 11002 Seminole
Subdivision
33778 - Largo/Seminole
Standard status
Active
APN
15-30-15-00000-240-0300
Size
3,766 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 168 FT OF E 185 FT OF NW 1/4 LESS RDS
Tax Annual Amount
9115
Legal Description
S 168 FT OF E 185 FT OF NW 1/4 LESS RDS
Utilities
Cooling system
Central Air
Building Details
Year built
1958
Floors in Building
1
Building materials
Block
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Holly DiMemmo · License #3490452
(813) 210-1998
Added: Jul 2
Changed: Aug 24
Last Checked: Aug 25 at 6:06PM
MLS# TB8525707
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.
Investment Insights
Based on property information with market context.
This freestanding storefront property includes a 3,766-square-foot commercial building on approximately 0.42 acres. Constructed with block materials in 1958, the building has central air and a configuration suited to restaurant, retail, professional office, or other commercial use. C-2 zoning supports its commercial positioning.
The property fronts Seminole Boulevard in Largo, providing access along an established commercial corridor. It is near shopping, established neighborhoods, Gulf beaches, and major thoroughfares. The site can accommodate an owner-user business or an investor seeking a commercial property with multiple potential use formats.
The property fronts Seminole Boulevard in Largo, providing access along an established commercial corridor. It is near shopping, established neighborhoods, Gulf beaches, and major thoroughfares. The site can accommodate an owner-user business or an investor seeking a commercial property with multiple potential use formats.
Key Highlights
- 3,766‑square‑foot freestanding commercial building
- Approximately 0.42 acres
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,859
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$837,180
$837.2K
Cap Rate 7%
$597,986
$598.0K
Cap Rate 9%
$465,100
$465.1K
Market Conditions
NOI Build-Up for 3,766 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.7K $15.60/SF
− Vacancy
−$2.9K −$0.78/SF
EGI
$55.8K $14.82/SF
− OpEx
−$14.0K −$3.70/SF
NOI
$41.9K $11.11/SF
Area
Pinellas County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$837,180
Cap Rate 7%
$597,986
Cap Rate 9%
$465,100
Alternative Uses
Best Use
Specialty Retail
$598.0K
$523.2K – $697.7K
NOI $41,859 @ 7.0% cap · market cap 4.65%
Second Best
Retail
$528.2K
$462.2K – $616.2K
NOI $36,973 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$979.6K
$857.1K – $1.14M
NOI $68,570 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33778, FL
15,068
Population
8,130
Households
1.9
Avg Household Size
51
Median Age
26%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
3,965
Density / Sq Mi
$63,633
Median Household Income
$40,198
Median Earnings
$1,697
Median Rent
$267,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - C-2-zoned commercial building with central air and flexible restaurant, retail, or office use potential.
Where is this storefront property located?
The property is located at 11002 SEMINOLE Boulevard Largo, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,766‑square‑foot freestanding commercial building; Approximately 0.42 acres; C‑2 zoning
