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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9225 Ulmerton Rd Largo, FL 33771

    • Industrial properties
    • 4,667 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Armstrong Elevator / General Contractor / Construction Company
    • Largo Tile / General Contractor / Renovation Specialist
    • Just In Time Plumbing, Inc / Plumbing Service / General Contractor
    • Hammer Innovative Healthcare / Physician
    • International Hair and Beauty Systems / Vocational School / Training Center

    Property Details for 9225 Ulmerton Rd

    Year built
    1985
    Property size
    4,667 SF
    Property type
    Industrial properties
    Property subtype
    Flex space

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7673
    Latitude
    27.8956

    Comparable in this City

    • Value Estimation by Request

      2200 Tall Pines Dr

      Flex space
      2200 Tall Pines Dr, Largo, FL 33771
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    • Value Estimation
      $7,460,000
      39,782 SF

      13701 66th St

      LIGHT INDUSTRIAL • 39,782 SF
      13701 66th St, Largo, FL 33771-4901
      View Details
    • Value Estimation
      $8,880,000
      47,768 SF

      2310 Starkey Rd

      LIGHT INDUSTRIAL • 47,768 SF
      2310 Starkey Rd, Largo, FL 33771-3852
      View Details
    • Value Estimation by Request
      748 SF

      1970 Belcher S Rd, Unit 2

      CONDOMINIUMS (INDUSTRIAL) • 748 SF
      1970 Belcher S Rd, Largo, FL 33771-4002
      View Details
    • Value Estimation by Request
      687 SF

      1970 Belcher S Rd, Unit 23

      CONDOMINIUMS (INDUSTRIAL) • 687 SF
      1970 Belcher S Rd, Largo, FL 33771-4002
      View Details
    • Value Estimation by Request
      748 SF

      1970 Belcher S Rd, Unit 5

      CONDOMINIUMS (INDUSTRIAL) • 748 SF
      1970 Belcher S Rd, Largo, FL 33771-4002
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Flex Space Available

      1,500 SF flex space in Largo, ready for move-in.
      9310 Ulmerton Rd, Largo, FL 33771
      View Details
    • $1,790,000
      3,520 SF

      Prime Mixed-Use Development Opportunity

      High-traffic corner lot with existing auto repair shop.
      191 Belcher Rd S, Largo, FL 33771
      View Details
    • $1,790,000
      3,520 SF

      High-Traffic Corner Development Opportunity

      Prime location near US-19, ideal for retail or flex development.
      191 Belcher Rd S, Largo, FL 33771
      View Details
    • $1,795,000
      3,520 SF

      High-Traffic Largo Mixed-Use Property

      Prime Largo location, high visibility, development potential.
      191 Belcher Rd, Largo, FL 33771
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    • $555,000

      Largo Mixed-Use Commercial Building

      Turn-key mixed-use commercial building in Largo, suitable for retail, office.
      7949 Ulmerton Rd, Largo, FL 33771
      View Details
    • $850,000
      2,819 SF

      Largo Commercial Building - Prime Location

      Turnkey Deli & Restaurant, High Traffic Area
      1995 Bay Dr, Largo, FL 33771
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,300 SF

      Warehouse Space with Office

      2300 sq ft warehouse with office space for lease.
      14173 Honeywell Rd, Largo, FL 33771
      View Details
    • $3,750 /Mo

      Largo Flex Space Available

      Class A flex space in Largo with high visibility.
      9310 Ulmerton Rd, Largo, FL 33771
      View Details
    • Contact for pricing
      11,446 SF

      Largo Warehouse - 11,446 SF

      11,446 SF warehouse, 4.6 acres, immediate occupancy.
      1350 Starkey Rd, Largo, FL 33771
      View Details
    • Contact for pricing
      2,667 SF

      Largo Flex Space Available

      Flex space available for rent in Largo, Florida.
      6399 N 142Nd Ave, Largo, FL 33771
      View Details
    • Contact for pricing
      13,934 SF

      Warehouse and Office Space Available

      Flexible warehouse and office spaces with ample parking.
      6021 N 142Nd Ave, Largo, FL 33771
      View Details
    • Contact for pricing
      19,000 SF

      Largo Warehouse Space Available

      Industrial warehouse space available for lease in Largo, Florida.
      13701-13707 N 66Th St, Largo, FL 33771
      View Details
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    9225 Ulmerton Rd
    Largo, FL 33771
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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.

    More about this property
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