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    8258 118Th Ave Largo, FL 33773
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    8258 118Th Ave, Largo, FL 33773

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    • Office Spaces
    • 5,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 8258 118Th Ave

    Year built
    2007
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This meticulously maintained 5,000 square foot Class A office building, located at 8258 118th Ave N in Largo, Florida 33773, presents a unique investment opportunity. Built in 2007 and extensively renovated in 2014, this property boasts a desirable Mediterranean architectural style and lush courtyards. The interior features seven private offices, eight premium cubicles, two shared and two private restrooms, a large conference room, and a breakroom. The building is equipped with a whole-building Generac generator, ensuring reliable power. Four entrances/exits provide convenient access, and abundant natural light floods the space through windows in every office. The HVAC system and generator are maintained under annual service contracts. All cubicles are in excellent condition and included in the sale. This vacant property is zoned E-1 and is ideally suited for a variety of uses, including medical practices, legal firms, accounting offices, technology companies, or general corporate offices. The property is part of a multi-building office and warehouse condominium park known as 118th Place, and is situated in the heart of Pinellas County. Nearby businesses include Lambert's Therapy Group, Coastal Shoulder Surgery & Sports Medicine, HIT Promotional Products, and Advanced Medical of FL. Asking price is $1,650,000.

    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
    -82.7535
    Latitude
    27.8786

    Comparable in this City

    • Value Estimation by Request
      1,670 SF

      13191 Starkey Rd Ste, Unit 6

      CONDOMINIUM OFFICES
      13191 Starkey Rd Ste, Largo, FL 33773-1438
      View Details
    • Value Estimation by Request
      2,540 SF

      13191 Starkey Rd Ste, Unit 8

      CONDOMINIUM OFFICES
      13191 Starkey Rd Ste, Largo, FL 33773-1438
      View Details
    • Value Estimation
      $585,000
      2,500 SF

      8254 118th Ave Ste, Unit 150

      CONDOMINIUM OFFICES
      8254 118th Ave Ste, Largo, FL 33773-5047
      View Details
    • Value Estimation
      $520,000
      3,335 SF

      13191 Starkey Rd Ste, Unit 4

      CONDOMINIUM OFFICES
      13191 Starkey Rd Ste, Largo, FL 33773-1438
      View Details
    • Value Estimation
      $815,000
      3,300 SF

      13145 66th St

      CONDOMINIUM OFFICES
      13145 66th St, Largo, FL 33773-1812
      View Details
    • Value Estimation by Request
      1,624 SF

      13139 66th St, Unit 303

      CONDOMINIUM OFFICES
      13139 66th St, Largo, FL 33773-1812
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      Turnkey Professional Office Space

      5,000 SF office building in 118th Place Office Park.
      8258 118Th Ave, Largo, FL 33773
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    • Contact for pricing
      7,722 SF

      Largo Multi-Building Commercial Property

      Four-building commercial property in Largo, Florida, ideal for owner-users.
      11151 66Th St N, Largo, FL 33773
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      9,010 SF

      Largo Freestanding Office/Warehouse Facility

      9,010± SF office/warehouse in mid-Pinellas County, Florida.
      11715 87Th St, Largo, FL 33773
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    • $1,449,900

      Largo Commercial Property: Multi-Building Layout

      Versatile commercial property in Largo, Florida, ideal for owner-user.
      11151 66Th St, Largo, FL 33773
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    Similar Nearby for Lease

    • $19 SF/Yr
      37,000 SF

      Move-in Ready Largo Office Space

      Commercial office and medical space available for lease in Largo.
      11350 66Th St, Largo, FL 33773
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    • Contact for pricing

      Move-in Ready Commercial Office Space

      Available for lease in Pinellas County. Suites from 800-6,000sqft.
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    • Contact for pricing

      Largo Warehouse with Office Space

      Warehouse with office, bathroom, and roll-up doors for lease.
      9161 131St Pl N, Largo, FL 33773
      View Details
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    Largo, FL 33773
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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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