Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Fast-Food Facility For Lease Title is generated by Realmo AI

    7695 Ulmerton Rd, Largo, FL 33771

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Former fast-food facility available for long-term lease.

    Type:Retail
    Added:
    Jan 18, 2021
    Days on Market:
    1940
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 7695 Ulmerton Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1982

    Spaces For Lease

    at 7695 Ulmerton Rd Contact us

    $17 /Mo

    Size
    3,705 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    John Skicewicz

    Listing agent John Skicewicz License #FL BK370679

    Listing office Coldwell Banker Commercial Realty

    Listing date Jan 18, 2021

    Source Crexi

    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 Coldwell Banker Commercial Realty

    HighLights

    • Tremendous visibility: Over 64,000 vehicles per day on Ulmerton Rd.
    • Cross‑access to companion retail center and Belcher Rd. (25,000 vehicles per day).
    • Existing drive‑through with ample stacking.
    • Ample parking.
    • Easy permitting as a renovation project.
    • Solid structure.

    Overview

    This former fast-food facility is available for long-term lease and presents opportunities for renovation or redevelopment. The property benefits from high visibility, with over 64,000 vehicles per day on Ulmerton Road. It also features cross-access to a retail center and Belcher Road, which sees approximately 25,000 vehicles per day. The property includes ample parking and a drive-through configuration. While the structure is solid, it requires a complete rebuild. Located in unincorporated Pinellas County, the site offers easy permitting as a renovation project. The existing drive-through provides ample stacking. The property is suitable for a high-quality tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.745096
    Latitude
    27.894209

    Nearby Similar for Lease

    • $66,000 SF/Yr

      Largo Professional/Medical Office Space

      Move-in ready office space suitable for medical, professional, or retail.
      1033 W BAY DRIVE, LARGO, FL 33770
      View Details
    • $1,850/Mo

      Renovated Office/Showroom Space on Ulmerton

      Renovated commercial space on Ulmerton Road, available July 1st.
      10225 ULMERTON ROAD, LARGO, FL 33771
      View Details
    • $3,750/Mo

      Largo Flex Space Available

      Class A flex space in Largo with high visibility.
      9310 Ulmerton Road, Largo, FL 33771
      View Details
    • $1,200/Mo

      Largo, FL Office Space

      1417 sq ft Largo office space for lease.
      208 13TH STREET SW, LARGO, FL 33770
      View Details
    • $29 SF/Yr

      New Industrial Flex Space

      Divisible industrial/flex space in Largo, FL, under construction.
      9310 Ulmerton Rd, Largo, FL 33773
      View Details
    • $25 SF/Yr

      Retail/Office Space in Largo

      3,000 SF retail/office space in high-traffic Largo business district.
      3350 E BAY DRIVE, LARGO, FL 33771
      View Details
    • $5,500/Mo

      Largo Warehouse Space For Lease

      5760 sq ft warehouse space available for lease.
      233 12TH STREET SW, LARGO, FL 33770
      View Details
    • $22 SF/Yr

      Largo Office, Retail, Medical Space

      Centrally located commercial space suitable for office, medical, or retail.
      11350 66TH STREET, LARGO, FL 33773
      View Details
    • $22 SF/Yr

      Largo Commercial Space For Lease

      Centrally located commercial space suitable for office, medical, or retail.
      11350 66TH STREET, LARGO, FL 33773
      View Details
    • $2,500/Mo

      Largo Mixed-Use Storage Units

      Flexible storage units for lease in Largo, Florida.
      300 12TH STREET SW, LARGO, FL 33770
      View Details
    • $19 SF/Yr

      Move-in Ready Largo Office Space

      Commercial office and medical space available for lease in Largo.
      11350 66TH STREET, LARGO, FL 33773
      View Details
    • $20,000/Mo

      Pinellas Park Industrial Property For Lease

      2.12-acre industrial property with improvements and substantial yard in Pinellas Park.
      6751 118TH AVENUE, LARGO, FL 33773
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Former fast-food facility available for long-term lease.
    Where is this drive through restaurant located?
    The property is located at 7695 Ulmerton Rd Largo, FL.
    What are key features of this property?
    This property features: Tremendous visibility: Over 64,000 vehicles per day on Ulmerton Rd.; Cross‑access to companion retail center and Belcher Rd. (25,000 vehicles per day).; Existing drive‑through with ample stacking.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Skicewicz
    Real Estate License ID: FL BK370679
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    7695 Ulmerton Rd, Largo, FL 33771
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!