Retail Property with Road
For Sale
$1,499,900
12597 WALSINGHAM RD, Largo, FL 33774
Well-maintained retail property with strong road frontage and month-to-month, long-tenured tenants for flexible owner use or investment.
Property Size6,696 SF
Days on Market108
Property Features for 12597 WALSINGHAM RD
General Information
Standard status
Active
Size
6,696 SF
Property subtype
Office
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$9,849
Building Details
Building Size
6,696 SF
Year Built
1985
Listing Agency:
all faults. Users are encouraged to consult their own data sources to confirm the accuracy of all Supplemental Data before using the Supplemental Data as a basis for any decision. \u003ca href=\"http://www.rdesk.com/communityinfo/NSR_Sources.htm\" target=\"blank_\"\u003eComplete list of data sources\u003c/a\u003e.\u003c/p\u003e\u003cp align=\"left\"\u003e \u003c/p\u003e\u003cp align=\"left\" id=\"iayuy\"\u003eData Last Updated: 6/21/2026, 6:09 AM UTC\u003c/p\u003e\u003cp align=\"left\"\u003e \u003c/p\u003e\u003cp id=\"ie2on\"\u003e\u003cstrong\u003eListing information courtesy of COASTAL PROPERTIES GROUP INTERNATIONAL\u003c/strong\u003e\u003c/p\u003e\u003cp id=\"ixbbg\"\u003e\u003cstrong\u003e\u003cimg src=\"https://assets.wolfnet.com/reciprocity_logos/MLSLogo.png\" alt=\"\"/\u003e\u003c/strong\u003e\u003c/p\u003e","listingDetailCourtesy":"","listingDetailFooter":"\u003cp style=\"text-align: left;\"\u003e\u003cspan style=\"font-size: 8pt;\"\u003eCourtesy of COASTAL PROPERTIES GROUP INTERNATIONAL, Ryan Mitchell \u0026nbsp;Listing Contact: 727-493-1555\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp style=\"text-align: left;\"\u003e\u003cspan style=\"font-size: 8pt;\"\u003eListings courtesy of Stellar MLS as distributed by MLS GRID\u003c/span\u003e\u003c/p\u003e\n\u003cp style=\"text-align: left;\"\u003e\u003cspan style=\"font-size: 8pt;\"\u003eAll information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Judi Beck shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp style=\"text-align: left;\"\u003e\u003cspan style=\"font-size: 8pt;\"\u003eBased on information submitted to the MLS GRID as of 6:09 AM UTC on 6/21/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.\u003c/span\u003e\u003c/p\u003e\n\u003cp style=\"text-align: left;\"\u003e\u003cspan style=\"font-size: 8pt;\"\u003e\u0026copy;2026 Stellar MLS . All rights reserved.\u003c/span\u003e\u003c/p\u003e\n\u003cp style=\"text-align: left;\" align=\"left\"\u003e\u003cspan style=\"font-size: 10pt;\"\u003e\u003cbr\u003e\u003c/span\u003e\u003cimg style=\"float: left;\" src=\"https://res.cloudinary.com/luxuryp/images/w_960,c_limit,f_auto,q_auto/nmsjeeofiezrwpwftb5v/stellarmls_horizontal_rgb\" alt=\"\" width=\"128\" height=\"33\"\u003e\u003c/p\u003e","logo":null,"specificComplianceRules":{"__typename":"SpecificComplianceRules","displayDisclaimerOnTop":false,"displayDisclaimerAboveOverview":true,"formatListingContact":false}},"taxAnnualAmountString":"9849.03","associationFee":0,"associationFeeFrequency":"MONTH","lpShowAvm":true,"tags":[],"propertyVideoUrl":null,"virtualTourUrl":null,"acreage":0.390495867768595,"bathroomsTotal":0,"bathroomsFull":null,"bedroomsTotal":null,"garageSpaces":null,"listingContractDate":"2026-05-27T00:00:00.000Z","lpListingOnMarketTimestamp":"2026-05-27T00:00:00.000Z","mlsStatus":"Active","updatedAt":"2026-06-01T15:10:25.010Z","availabilityDate":null,"seniorCommunityYn":null,"activationDate":null,"moreInformationUrl":null},"countryCode":"US","ssrHostname":"judibeck.com","__APOLLO_STATE__":{"MlsProvider:mlsgrid_mfrmls":{"__typename":"MlsProvider","id":"mlsgrid_mfrmls","name":"FL
Listed By:
the operator of this website as a convenience to users. This Supplemental Data is not provided or reviewed by FL - Stellar MLS / Mid Florida Regional MLS (MFRMLS). The operator of this website updates the Supplemental Data from time to time, but it does not represent, warrant or otherwise promise that the Supplemental Data is current, free from defects, or error-free. All Supplemental Data is provided AS IS
Source:
Judibeck
Added: May 27
Changed: Sep 8
Last Checked: Sep 10 at 8:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of all faults. Users are encouraged to consult their own data sources to confirm the accuracy of all Supplemental Data before using the Supplemental Data as a basis for any decision. \u003ca href=\"http://www.rdesk.com/communityinfo/NSR_Sources.htm\" target=\"blank_\"\u003eComplete list of data sources\u003c/a\u003e.\u003c/p\u003e\u003cp align=\"left\"\u003e \u003c/p\u003e\u003cp align=\"left\" id=\"iayuy\"\u003eData Last Updated: 6/21/2026, 6:09 AM UTC\u003c/p\u003e\u003cp align=\"left\"\u003e \u003c/p\u003e\u003cp id=\"ie2on\"\u003e\u003cstrong\u003eListing information courtesy of COASTAL PROPERTIES GROUP INTERNATIONAL\u003c/strong\u003e\u003c/p\u003e\u003cp id=\"ixbbg\"\u003e\u003cstrong\u003e\u003cimg src=\"https://assets.wolfnet.com/reciprocity_logos/MLSLogo.png\" alt=\"\"/\u003e\u003c/strong\u003e\u003c/p\u003e","listingDetailCourtesy":"","listingDetailFooter":"\u003cp style=\"text-align: left;\"\u003e\u003cspan style=\"font-size: 8pt;\"\u003eCourtesy of COASTAL PROPERTIES GROUP INTERNATIONAL, Ryan Mitchell \u0026nbsp;Listing Contact: 727-493-1555\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp style=\"text-align: left;\"\u003e\u003cspan style=\"font-size: 8pt;\"\u003eListings courtesy of Stellar MLS as distributed by MLS GRID\u003c/span\u003e\u003c/p\u003e\n\u003cp style=\"text-align: left;\"\u003e\u003cspan style=\"font-size: 8pt;\"\u003eAll information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Judi Beck shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\n\u003cp style=\"text-align: left;\"\u003e\u003cspan style=\"font-size: 8pt;\"\u003eBased on information submitted to the MLS GRID as of 6:09 AM UTC on 6/21/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.\u003c/span\u003e\u003c/p\u003e\n\u003cp style=\"text-align: left;\"\u003e\u003cspan style=\"font-size: 8pt;\"\u003e\u0026copy;2026 Stellar MLS . All rights reserved.\u003c/span\u003e\u003c/p\u003e\n\u003cp style=\"text-align: left;\" align=\"left\"\u003e\u003cspan style=\"font-size: 10pt;\"\u003e\u003cbr\u003e\u003c/span\u003e\u003cimg style=\"float: left;\" src=\"https://res.cloudinary.com/luxuryp/images/w_960,c_limit,f_auto,q_auto/nmsjeeofiezrwpwftb5v/stellarmls_horizontal_rgb\" alt=\"\" width=\"128\" height=\"33\"\u003e\u003c/p\u003e","logo":null,"specificComplianceRules":{"__typename":"SpecificComplianceRules","displayDisclaimerOnTop":false,"displayDisclaimerAboveOverview":true,"formatListingContact":false}},"taxAnnualAmountString":"9849.03","associationFee":0,"associationFeeFrequency":"MONTH","lpShowAvm":true,"tags":[],"propertyVideoUrl":null,"virtualTourUrl":null,"acreage":0.390495867768595,"bathroomsTotal":0,"bathroomsFull":null,"bedroomsTotal":null,"garageSpaces":null,"listingContractDate":"2026-05-27T00:00:00.000Z","lpListingOnMarketTimestamp":"2026-05-27T00:00:00.000Z","mlsStatus":"Active","updatedAt":"2026-06-01T15:10:25.010Z","availabilityDate":null,"seniorCommunityYn":null,"activationDate":null,"moreInformationUrl":null},"countryCode":"US","ssrHostname":"judibeck.com","__APOLLO_STATE__":{"MlsProvider:mlsgrid_mfrmls":{"__typename":"MlsProvider","id":"mlsgrid_mfrmls","name":"FL
Investment Insights
Based on property information with market context.
Coastal Commercial/Forbes presents a pristine, well-maintained retail property designed for straightforward, storefront-style occupancy. The site is positioned to deliver convenient access and practical visibility along a major, well-traveled corridor.
The property is located at 12597 Walsingham Road in Largo, Florida, with strong frontage on Walsingham Road supporting direct exposure to passing traffic. It is surrounded by established residential neighborhoods and nearby retail, dining, and service businesses.
This offering is well suited to owner-users or investors looking for flexibility. The property is described as income-producing and currently benefits from long-tenured tenants operating on a month-to-month basis, allowing an owner the option to occupy the space while retaining the ability to manage tenant flexibility. For businesses seeking a mature retail corridor and for buyers evaluating a turn-key, maintained asset, this property provides a functional retail location with on-site tenancy already in place.
The property is located at 12597 Walsingham Road in Largo, Florida, with strong frontage on Walsingham Road supporting direct exposure to passing traffic. It is surrounded by established residential neighborhoods and nearby retail, dining, and service businesses.
This offering is well suited to owner-users or investors looking for flexibility. The property is described as income-producing and currently benefits from long-tenured tenants operating on a month-to-month basis, allowing an owner the option to occupy the space while retaining the ability to manage tenant flexibility. For businesses seeking a mature retail corridor and for buyers evaluating a turn-key, maintained asset, this property provides a functional retail location with on-site tenancy already in place.
Key Highlights
- Well‑maintained commercial property built in 1985 with 6,696 total building area in a single 2‑story structure
- 0.39‑acre site with 140 x 122 lot dimensions, asphalt road surface, and access road/easement frontage
- Air conditioning (Y/N: true) with slab foundation and parking/access via established roadway frontage
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
$65,738
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
4.38%
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%
$1,314,760
$1.3M
Cap Rate 7%
$939,114
$939.1K
Cap Rate 9%
$730,422
$730.4K
Market Conditions
NOI Build-Up for 6,696 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
$100.4K $15.00/SF
− Vacancy
−$6.5K −$0.98/SF
EGI
$93.9K $14.03/SF
− OpEx
−$28.2K −$4.21/SF
NOI
$65.7K $9.82/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,314,760
Cap Rate 7%
$939,114
Cap Rate 9%
$730,422
Alternative Uses
Best Use
Retail
$939.1K
$821.7K – $1.10M
NOI $65,738 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,918 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Explore this area
Business Placement
Demographics for 33774, FL
18,145
Population
10,388
Households
1.7
Avg Household Size
51
Median Age
28%
College-Educated
93%
High-School Grad
4.6 sq mi
ZIP Area
3,945
Density / Sq Mi
$76,769
Median Household Income
$41,936
Median Earnings
$1,498
Median Rent
$315,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained retail property with strong road frontage and month-to-month, long-tenured tenants for flexible owner use or investment.
Where is this retail space located?
The property is located at 12597 WALSINGHAM RD Largo, FL.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Well‑maintained commercial property built in 1985 with 6,696 total building area in a single 2‑story structure; 0.39‑acre site with 140 x 122 lot dimensions, asphalt road surface, and access road/easement frontage; Air conditioning (Y/N: true) with slab foundation and parking/access via established roadway frontage
