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Property profile & analytics
OFF-MARKET
Estimated value
$15,790,000
Warehouses
11401 Belcher S Rd Largo, FL 33773-5102
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4188365
Property summary
AI-generated overview
This exceptional warehouse space, part of the Westbrook Corporate Center in Largo, Florida, offers 13,400 square feet of immediately available space within a larger 87,128 square foot building. Located at 11401 & 11451 S. Belcher Road, Pinellas County, zip code 33773, this property boasts a prime location with easy access to major transportation routes. The warehouse features a generous ceiling height of 18 feet, providing ample vertical space for storage and operations. The property is designated as industrial, with a warehouse subtype and multiple tenancy. Ample parking is available with 235 total parking spaces for employees and visitors. This is an excellent opportunity for businesses seeking a functional and well-located warehouse space in a thriving area of Largo. The property is currently available for lease and offers a significant amount of space for a variety of industrial uses. The address is conveniently located in Pinellas County, Florida, providing easy access to local amenities and a strong workforce. This is a rare opportunity to secure a substantial warehouse space in a desirable location. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
CONCRETE BLOCKS
Total area
44,899 SF
Lot
5.51 ac (239,824 SF)
APN
18-30-16-69768-200-0901
UPID
US18-4188365
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fill-Tech Solutions Inc Industrial Manufacturer Factory
-
Vetbiotek Industrial Manufacturer Production Facility
-
ADT Security Services Security Service
-
Pepperidge Farm Depot Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.38M
Blend (final)
Blend
$15.79M
Owner & transaction history
Westbrook Owner LP · 4 yrs held
Westbrook Owner LP
since 2021
Last sale
$15.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$25.4M
+133.1%
Auto repair, garage
$18.7M
+71.2%
Industrial (general)
$11.2M
+2.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Largo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Largo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,910,000
Current use
RESTAURANT
$25,435,000
Change: +133% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,680,000
Change: +71% · Conversion: Easy
INDUSTRIAL (GENERAL)
$11,160,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$10,980,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$10,175,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$15.79M
Range $14.21M – $17.37M · ±10% · vs last sale $15.20M (Sep 23 2021)
Last sale anchor
$15.20M
Sep 23 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$352 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$156,832
Tax year 2023
Assessed value
$8,000,000
Assessed 2023
Previous assessed
$7,130,000
+12.2% YoY
Effective rate
1.96%
On assessed value
Land market value
$1,386,560
Improvement market value
$6,613,440
Total market value
$8,000,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
17
Total area
44,899 SF
Lot
5.51 ac (239,824 SF)
APN
18-30-16-69768-200-0901
UPID
US18-4188365
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.9M
RESTAURANT
Est. value
$25.4M
AUTO REPAIR, GARAGE
Est. value
$18.7M
INDUSTRIAL (GENERAL)
Est. value
$11.2M
COMMERCIAL (GENERAL)
Est. value
$11.0M
OFFICE BUILDING
Est. value
$10.2M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
17
Lot
5.51 ac
Current owner
From public records · entity-resolved
Westbrook Owner LP
Entity
Mailing address
2001 ROSS AVE STE #3400, DALLAS, TX 75201-2966
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2021
$15,200,000
Westbrook Owner LP
Childress Harrod 5 Limited Partners
Special Warranty Deed
—
Dec 22, 2017
—
Hp Star I Ltd
—
Grant Deed
related
$10,000,000 · Regions Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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