Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    615-621 Missouri Ave N Largo, FL 33770

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with high visibility and ample parking.

    Property size:
    2,597 SF
    Lot size:
    0.92 Acres

    Property Features for 615-621 Missouri Ave N

    General Information

    Size
    2,597 SF
    Lot size
    0.92 Acres

    We can help!

    Listing Contact
    Robert Nuchereno
    Robert Nuchereno
    Source: Moodyscre

    Listing Agent: Robert Nuchereno

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space on Missouri Avenue

    This retail space benefits from a high-traffic location with unobstructed visibility, seeing approximately 35,000 cars per day. The property features multiple access points and 47 parking spaces. On-site amenities include two pylon signs, new storefronts, an elevated building façade, LED exterior lighting, fresh paint, and ADA-compliant entrances. Situated on the corner of the west side of Missouri Avenue North (Alt 19), between East Bay Drive and Rosery Road, the location is near several popular retailers, including Walmart, Aldi, Old Time Pottery, TJ Maxx, and Ross Dress for Less. The property offers 2,597 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.788241
    Latitude
    27.922901

    Nearby Similar for Lease

    • $3,750 /Mo

      Largo Flex Space Available

      Class A flex space in Largo with high visibility.
      9310 Ulmerton Rd, Largo, FL 33771
      View Details
    • $66,000
      166,399 SF

      Move-in Ready Largo Office Space

      3,000 SF professional/medical space in Sunshine Ace Plaza.
      1033 W Bay Dr, Largo, FL 33770
      View Details
    • $29 SF/Yr
      77,972 SF

      New Industrial Flex Space

      New divisible industrial/flex space on Ulmerton Road in Largo, FL.
      9310 Ulmerton Rd, Largo, FL 33773
      View Details
    • $25 SF/Yr
      3,000 SF

      Retail/Office Space in Largo

      3,000 SF retail/office space in high-traffic Largo business district.
      3350 E Bay Dr, Largo, FL 33771
      View Details
    • $20 SF/Yr
      37,000 SF

      Move-in Ready Largo Office Space

      Commercial office and medical space available for lease in Largo.
      11350 66Th St, Largo, FL 33773
      View Details
    • New
      $20,000 /Mo
      3,411 SF

      Pinellas Park Industrial Property For Lease

      2.12-acre industrial property with improvements and substantial yard in Pinellas Park.
      6751 118Th Ave, Largo, FL 33773
      View Details
    • $1,575 /Mo
      17,851 SF

      Renovated Office Building in Largo

      Modern two-story office building with flexible floor plans.
      1715 E Bay Dr, Largo, FL 33771
      View Details
    • $2,650 /Mo
      17,851 SF

      Renovated Office Building in Largo

      Modern office building with flexible floor plans and ample parking.
      1715 E Bay Dr, Largo, FL 33771
      View Details
    • $22 SF/Yr
      37,000 SF

      Largo Commercial Space For Lease

      Centrally located commercial space suitable for office, medical, or retail.
      11350 66Th St, Largo, FL 33773
      View Details
    • $22 SF/Yr
      37,000 SF

      Largo Office, Retail, Medical Space

      Centrally located commercial space suitable for office, medical, or retail.
      11350 66Th St, Largo, FL 33773
      View Details
    • $2,650 /Mo
      17,851 SF

      Renovated Office Building in Largo

      Modern office building with flexible floor plans and ample parking.
      1715 E Bay Dr, Largo, FL 33771
      View Details
    • $2,799 /Mo
      Pending

      Equipped Restaurant Space For Lease

      Fully equipped restaurant for lease in prime Largo location.
      312 Bay Dr W, Largo, FL 33770
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and ample parking.
    Where is this retail space located?
    The property is located at 615-621 Missouri Ave N Largo, FL.
    What are key features of this property?
    This property features: - High traffic location with 35,000 cars per day and unobstructed visibility.; - Multiple access points and **47 parking spaces**.; - Prime corner location near popular retailers (Walmart, Aldi, Old Time Pottery, TJ Maxx, Ross).
    (561) 361-7232
    Request Owner's contact information
    615-621 Missouri Ave N Largo, FL 33770
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    615-621 Missouri Ave N
    Largo, FL 33770
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    615-621 Missouri Ave N Largo, FL 33770
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Robert Nuchereno
    Robert Nuchereno
    (561) 361-7232
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.