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    11140 Seminole Blvd Seminole, FL 33778-3225

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    11140 Seminole Blvd Seminole, FL 33778-3225

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    • Manufacturing properties
    • 1,824 SF
    • 0.68 lot acres
    Off-Market
    Last Sale Jan 15, 2025
    $905,000
    Property ID
    US18-1934716
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 11140 Seminole Blvd

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.68 lot acres
    Property size
    1,824 SF
    Property type
    Manufacturing properties
    APN
    15-30-15-00000-240-0200
    APU
    153015000002400200

    Description

    This exceptional 3,930 square foot commercial property, situated on a 0.68-acre lot at 11140 Seminole Boulevard in Largo, Florida, presents a remarkable investment opportunity. Currently housing an active business, the property is zoned C-2, allowing for a diverse range of commercial ventures. The seller is amenable to discussions regarding a smooth transition of the existing business to a new owner. This prime location boasts exceptional visibility and high traffic volume, with an average annual daily traffic count of 34,000 vehicles north of 102nd Avenue and 36,000 vehicles south of Ulmerton Road, according to Florida Traffic Online (state.fl.us). The sale includes valuable assets, significantly enhancing the property's operational capabilities. These assets comprise two 10,000-pound vehicle lifts, a three-phase 7.5 HP compressor, two 8'x20' shipping containers, a prominent 4'x8' street-side LED advertising sign, and a 3'x8' on-building advertising sign. This turnkey opportunity combines a strategic location with substantial existing infrastructure, making it an ideal investment for entrepreneurs seeking a thriving commercial enterprise in a high-traffic area. The property's versatility and included equipment offer significant potential for immediate revenue generation and long-term growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $526,000
      Market price range: $191k - $527k
      AI Estimate
      $526,000
      Market price range: $191k - $527k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,135,000
      AUTO REPAIR, GARAGE
      $755,000
      NEIGHBORHOOD: SHOPPING CENTER
      $505,000
      OFFICE BUILDING
      $435,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seminole
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7876
    Latitude
    27.8741
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,007
    $0.00
    $0.00
    $524,886
    -
    $400,860
    $124,026
    $524,886

    Comparable in this City

    • Value Estimation
      $595,000
      3,326 SF

      12015 117th St

      MANUFACTURING (LIGHT) • 3,326 SF
      12015 117th St, Seminole, FL 33778-2410
      View Details
    • Value Estimation
      $2,420,000
      8,000 SF

      1185 Gooden Xing

      MANUFACTURING (LIGHT) • 8,000 SF
      1185 Gooden Xing, Largo, FL 33778-1224
      View Details
    • Value Estimation
      $960,000
      3,536 SF

      11596 Walsingham Rd

      WAREHOUSE, STORAGE • 3,536 SF
      11596 Walsingham Rd, Largo, FL 33778-2511
      View Details
    • Value Estimation by Request
      720 SF

      11700 Walsingham Rd

      STORAGE YARD, OPEN STORAGE • 720 SF
      11700 Walsingham Rd, Seminole, FL 33778-2414
      View Details
    • Value Estimation
      $2,090,000
      8,644 SF

      11690 Walsingham Rd

      WAREHOUSE, STORAGE • 8,644 SF
      11690 Walsingham Rd, Seminole, FL 33778-2422
      View Details
    • Value Estimation
      $1,060,000
      6,000 SF

      11642 Walsingham Rd

      WAREHOUSE, STORAGE • 6,000 SF
      11642 Walsingham Rd, Seminole, FL 33778-2425
      View Details

    Similar Nearby for Sale

    • $215,000
      0.35 Acres

      Large Lot in Prime Location

      Oversized lot near parks, recreation, shopping, and the beach.
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      Retail Center with Development Potential

      Retail center with additional acre for development near Largo Mall.
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      Largo Land Opportunity

      Land available in Largo, Florida.
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    • $1,275,000

      Income-Producing Car Wash Business

      Car wash with real estate, multiple revenue streams, expansion potential.
      11500 Walsingham Rd, Largo, FL 33778
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    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Suites Available

      Prime location in Largo's busiest corridor with flexible suites.
      12300 Seminole Blvd, Largo, FL 33778
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Active Corridor

      Retail space in active Largo corridor near Winn-Dixie.
      10202 Seminole Blvd, Seminole, FL 33778
      View Details
    • Contact for pricing

      Largo Mall Retail/Office Space

      Retail/office space at Largo Mall with high visibility.
      12955 Seminole Blvd, Largo, FL 33778
      View Details
    • Contact for pricing
      1,306 SF

      Retail Space Near Largo Mall

      2,611 SF retail space with high visibility and access.
      2076 Seminole Blvd, Largo, FL 33778
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space on Seminole Blvd

      Retail space for rent on Seminole Blvd in Largo, FL.
      12122 Seminole Blvd, Largo, FL 33778
      View Details
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    Seminole, FL 33778-3225
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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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