Retail Center with Development
For Sale
Contact for pricing
12955 seminole blvd, Largo, FL 33778
Retail center with additional acre for development near Largo Mall.
Property Size13,000 SF
Lot Size1.00 Acre
Price / SF$288.46
Days on Market278
Property Features for 12955 seminole blvd
General Information
Standard status
Active
Size
13,000 SF
Lot size
1.00 Acre
Property subtype
Land, Office, Retail, Self Storage
Zoning
CG - Commercial General
Listing Agency:
Wolk Property Group LLC
(321) 604-5723
Listed By:
Wesley Wolk · License #FL BK3283794
Source:
Crexi
Added: Nov 19, 2025
Changed: Aug 13
Last Checked: Aug 24 at 12:23PM
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 Wolk Property Group LLC
Investment Insights
Based on property information with market context.
This property features a retail center with over 13,000 square feet of space, accompanied by an additional acre of land ready for development. Situated at the entrance to the Largo Mall, the location benefits from an abundance of parking. The property is zoned CG, which allows for all commercial uses. It is located within the LMAC overlay, providing a Floor Area Ratio (FAR) of 1.1, which allows development of up to 100,000 square feet.
Key Highlights
- Located at the entrance to Largo Mall.
- Value‑add retail center with over 13,000sf.
- Additional 1 acre behind the center ready for development.
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
$127,627
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
3.40%
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%
$2,552,540
$2.6M
Cap Rate 7%
$1,823,243
$1.8M
Cap Rate 9%
$1,418,078
$1.4M
Market Conditions
NOI Build-Up for 13,000 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
$195.0K $15.00/SF
− Vacancy
−$12.7K −$0.98/SF
EGI
$182.3K $14.03/SF
− OpEx
−$54.7K −$4.21/SF
NOI
$127.6K $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%
$2,552,540
Cap Rate 7%
$1,823,243
Cap Rate 9%
$1,418,078
Alternative Uses
Best Use
Retail
$1.82M
$1.60M – $2.13M
NOI $127,627 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,698 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
102k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 45%
Beauty & Spa 22%
Leisure 13%
Dining 9%
Marshalls
Apparel
29,732 visits/mo
0.3 miles
Bath & Body Works
Beauty & Spa
18,252 visits/mo
0.3 miles
Regal Largo Mall
Leisure
13,129 visits/mo
0.2 miles
Beach Pizza
Dining
9,138 visits/mo
0.2 miles
Spencer's
Shops & Services
8,172 visits/mo
0.3 miles
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.
Similar Off Market Nearby
- Largo Village Shopping Center — 11912 Seminole Blvd, Largo, FL 33778
- Paradise Shops of Largo — 10427 Ulmerton Rd, Largo, FL 33771
- Ulmerton Plaza — 10125 Ulmerton Rd, Largo, FL 33771
- Largo Plaza — 10500 Ulmerton Rd, Largo, FL 33771
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with additional acre for development near Largo Mall.
Where is this shopping center located?
The property is located at 12955 seminole blvd Largo, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Located at the entrance to Largo Mall.; Value‑add retail center with over 13,000sf.; Additional 1 acre behind the center ready for development.
