Retail Property with Road
For Sale
$1,499,900
12597 Walsingham Road LARGO, 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
Price / SF$223
Days on Market56
Property Features for 12597 Walsingham Road LARGO
General Information
Standard status
Active
Size
6,696 SF
Zoning
C-2
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$9,849
Amenities
2
true
17010
140 x 122
0.39
false
Asphalt
Slab
Access Road,Easement
6696
1
Building Details
Building Size
6,696 SF
Year Built
1985
Buildings
1
Stories
2
Listing Agency:
(904) 569-5862
Listed By:
Crystal Barling
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 31
Last Checked: Aug 31 at 12:35PM
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 Crystal Barling
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
Property Profile
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
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 Road LARGO 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
