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    Industrial Property with Secure Yard Title is generated by Realmo AI

    6751 118TH AVENUE, Largo, FL 33773

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    For Sale
    $240,000

    Fully fenced 2.12-acre site with warehouse, turnkey office, and overhead doors for commercial and heavy-use operations.

    Type:Industrial
    Property size:
    3,411 SF
    Lot size:
    2.12 Acres
    Price / SF:
    $70/SF
    Added:
    Jan 26, 2026
    Days on Market:
    130
    Last Refresh:
    Jun 5 at 2:07 am

    Property Features for 6751 118TH AVENUE

    General Information

    Standard status
    Active
    Size
    3,411 SF
    Lot size
    2.12 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1962

    We can help!

    Listing Contact
    Alexander Lucke

    Listing agent Alexander Lucke License #3351552

    Listing office KELLER WILLIAMS TAMPA PROP.

    Listing date Jan 26, 2026

    Source Search.showcaseidx

    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 KELLER WILLIAMS TAMPA PROP.

    HighLights

    • 2.12‑acre industrial property in Pinellas Park, FL with a fully fenced, cleared site
    • 1,600 SF warehouse with two 14‑foot overhead doors plus ~400 SF office space
    • Separate 1,411 SF standalone office updated with new electrical, HVAC, drywall, paint, flooring, and lighting
    • Remote‑access gated entry and additional gated ingress/egress points for controlled site access
    • Approximately 3,411 SF of on‑site improvements and a yard configured for about 40 semi‑truck parking spaces (currently occupied with waiting list)
    • Zoned CH (Commercial Heavy) by the City of Pinellas Park for compatible retail, wholesale, distribution, and light manufacturing uses—confirm permitted uses with the city

    Overview

    6751 118th Avenue offers an industrial site with substantial, cleared outdoor yard and a fully fenced perimeter designed for secure operations. The property includes approximately 3,411 SF of improvements: a 1,600 SF warehouse with two 14-foot overhead doors and about 400 SF of office space, and a separate 1,411 SF standalone office building. The office building has been updated with new electrical, HVAC, drywall, paint, flooring, and lighting and is presented as turnkey. Operational access is supported by a remote-access gated entry plus additional gated ingress and egress points to facilitate circulation.

    The site is currently configured to accommodate approximately 40 semi-truck parking spaces, which are fully occupied and supported by an active waiting list. With approximately 30 days’ notice, these spaces can be vacated, allowing a future tenant to occupy the site in its entirety or reconfigure the yard for its own operational requirements, subject to applicable zoning standards and approvals. The property is zoned CH (Commercial Heavy) by the City of Pinellas Park.

    The CH district is generally intended to accommodate compatible retail, wholesale, distribution, and light manufacturing operations, along with other related commercial or industrial uses, subject to the City’s Land Development Code and any supplementary regulations. Prospective tenants are encouraged to confirm all permitted uses, outdoor activities, and applicable conditions directly with the City of Pinellas Park Planning & Zoning Department as part of due diligence.
    Location Intelligence

    Current Use by Public Records

    Express Truck Driver ... Training Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.731357
    Latitude
    27.879596

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    FAQs

    What type of property is this?
    Flex space - Fully fenced 2.12-acre site with warehouse, turnkey office, and overhead doors for commercial and heavy-use operations.
    Where is this flex space located?
    The property is located at 6751 118TH AVENUE Largo, FL.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: 2.12‑acre industrial property in Pinellas Park, FL with a fully fenced, cleared site; 1,600 SF warehouse with two 14‑foot overhead doors plus ~400 SF office space; Separate 1,411 SF standalone office updated with new electrical, HVAC, drywall, paint, flooring, and lighting
    (727) 410-2896
    We can help!
    Listing Contact
    Alexander Lucke
    Real Estate License ID: 3351552
    Learn More
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    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.

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    6751 118TH AVENUE, LARGO, FL 33773
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