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    1703 Missouri Ave Largo, FL 33770

    Sponsored
    For Sale
    $650,000

    High-yield office building in Largo, FL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This free-standing office building at 1703 Missouri Avenue, Largo, FL 33770, presents a compelling passive investment opportunity. Built in 1978, the single-unit property is situated on a 16,000 square foot lot and includes 12 parking spaces. Currently operating under a Triple Net Lease with Kyle Smoke Shop, this property offers a strong cap rate of 7.38%. The asking price is $650,000. The building's location within a thriving commercial corridor in Largo, Florida, provides excellent visibility and accessibility. Surrounding businesses include a mix of national and local tenants, further enhancing the property's value and potential for long-term growth. This is an exceptional opportunity for investors seeking a stable, high-yielding asset in a desirable location. The property's strong tenant and favorable lease terms contribute to its attractive investment profile. The substantial lot size offers potential for future expansion or development, adding to its overall appeal. This turnkey investment requires minimal management, making it ideal for passive income seekers. Serious inquiries are encouraged to explore this exceptional investment opportunity further.

    Property Features for 1703 Missouri Ave

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1978
    Units
    1

    HighLights

    • Free‑standing office building at 1703 Missouri Avenue, Largo, FL 33770.
    • 16,000 square foot lot with 12 parking spaces.
    • Triple Net Lease with Kyle Smoke Shop; 7.38% cap rate.
    • Asking price: $650,000.
    • Excellent visibility and accessibility in a thriving Largo, FL commercial corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    vival Clothing Alteration Service CBD Oil Largo Cannabis Store KYLÉ Smoke Shop ... Tobacco Shop Kyle smoke shop Tobacco Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7871138
    Latitude
    27.934933

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    FAQs

    What type of property is this?
    Office Property / Space - High-yield office building in Largo, FL.
    Where is this office property / space located?
    The property is located at 1703 Missouri Ave Largo, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Free-standing office building at 1703 Missouri Avenue, Largo, FL 33770.; 16,000 square foot lot with 12 parking spaces.; Triple Net Lease with Kyle Smoke Shop; 7.38% cap rate.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    1703 Missouri Ave Largo, FL 33770
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