Entity Owned Property summary
AI-generated overview
This Largo, Florida industrial flex building, located at 11701 S Belcher Rd, zip code 33773, offers 58,812 square feet of space in the Gateway/Mid-Pinellas submarket. Built in 1985, the single-story building features multiple tenancies with units ranging from a minimum of 1,329 square feet to a maximum contiguous space of 2,007 square feet. Three spaces are currently available. The property boasts a desirable location with direct frontage on Belcher Road, a major north-south thoroughfare in Pinellas County. Each unit includes a full glass-line of windows, maximizing natural light. An above-market parking ratio of 3.8 spaces per 1,000 square feet caters to both office and light industrial businesses requiring grade-level loading and ample customer parking. Under new ownership, the property is scheduled for immediate capital improvements, enhancing the landscaping and overall professional atmosphere. This flex space is ideal for a diverse range of businesses seeking a prime location in Pinellas County. The property is situated in the Gateway/Mid-Pinellas submarket and offers a unique blend of features not typically found in traditional single-story flex buildings.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,212 SF
Lot
6.45 ac (280,910 SF)
APN
18-30-16-69768-200-0800
UPID
US18-8819385
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Pharmacy
-
Foster Care Service Social Service Agency
-
Business Service Center Corporate Office
-
Dental Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.80M
Comparable Approach
Comparable
$10.88M
Blend (final)
Blend
$9.26M
Owner & transaction history
since 2025
Last sale
$7.9M
4 recorded transactions
Zoning & alternative use
Top alternative use upside
Industrial (general)
$15.0M
+2.3%
Commercial (general)
$14.7M
+0.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$9.26M
Value range
$8.33M – $10.18M
±10% around blend
Estimated value / SF
$154 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$8.33M
blend $9.26M
$10.18M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
60,212 SF
Lot area
6.45 ac
Year built
1985
Stories
1
APN
18-30-16-69768-200-0800
Assessed value
$4,090,000
Annual tax
$78,137
3
Income approach: direct capitalization
Partial preview
Income approach indication
$7.80M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$8.45M
@ 6.5% CAP return
$7.80M
@ 7% CAP return
$7.25M
4
Sales comparison
Partial preview
Sales approach indication
$10.88M
Range $7.08M – $21.97M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.26M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$243
-37%
Submarket 50 sales
$181
-15%
County 439 sales
$220
-30%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $154/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+2%
vs current-use indication
Commercial (general)
Warehouse, Storage · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
4.90%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.90%
9.0%
NOI (est.)
$550k *
Last sale · Dec 2024
$7.85M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$11.22M
Move the market yield to see immediate price impact.
Value / SF
$186
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.40%4.90%5.40%
$495k
$11.24M
$10.10M
$9.16M
$550k
$12.49M
$11.22M
$10.18M
$605k
$13.74M
$12.34M
$11.20M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$78,137
Tax year 2023
Assessed value
$4,090,000
Assessed 2023
Previous assessed
$3,480,000
+17.5% YoY
Effective rate
1.91%
On assessed value
Land market value
$1,132,619
Improvement market value
$2,957,381
Total market value
$4,090,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
17
Total area
60,212 SF
Lot
6.45 ac (280,910 SF)
APN
18-30-16-69768-200-0800
UPID
US18-8819385
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
17
Lot
6.45 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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