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

    12061 66th St Largo, FL 33773-3645

    • Strip malls
    • 6,270 SF
    • 2.61 lot acres
    OFF-MARKET
    Last Sale
    Feb 13, 2020
    $2,125,000
    Value Estimations
    $1,995,000
    Show details
    Cap Rate Potential
    3%
    Strip malls
    Location Intelligence
    Property ID
    US18-1768767
    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.

    Current Use by Public Records

    • Zurno Beauty Supply Store / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 12061 66th St

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.61 lot acres
    Property size
    6,270 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    08-30-16-69498-004-0010
    APU
    83016694980040010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,711,000
      Market price range: $723k - $1.71M
      AI Estimate
      $1,711,000
      Market price range: $723k - $1.71M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,610,000
      INDUSTRIAL (GENERAL)
      $1,560,000
      COMMERCIAL (GENERAL)
      $1,535,000
      WAREHOUSE, STORAGE
      $1,525,000
      OFFICE BUILDING
      $1,420,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7282
    Latitude
    27.8813
    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
    $33,826
    $0.00
    $0.00
    $1,874,300
    -
    $1,160,907
    $713,393
    $1,874,300

    Comparable in this City

    • Value Estimation
      $1,960,000
      16,988 SF

      10601 117th Dr

      SHOPPING CENTER, STRIP CENTER • 16,988 SF
      10601 117th Dr, Largo, FL 33773
      View Details
    • Value Estimation
      $1,330,000
      4,802 SF

      12950 Starkey Rd

      SHOPPING CENTER, STRIP CENTER • 4,802 SF
      12950 Starkey Rd, Largo, FL 33773-1434
      View Details
    • Value Estimation
      $1,385,000
      12,000 SF

      6585 126th Ave

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      6585 126th Ave, Largo, FL 33773-1836
      View Details
    • Value Estimation
      $1,630,000
      8,000 SF

      12500 Starkey Rd

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      12500 Starkey Rd, Largo, FL 33773-2615
      View Details
    • Value Estimation
      $845,000
      3,330 SF

      11180 66th St

      SHOPPING CENTER, STRIP CENTER • 3,330 SF
      11180 66th St, Largo, FL 33773-5507
      View Details
    • Value Estimation
      $3,175,000
      27,525 SF

      13284 66th St

      SHOPPING CENTER, STRIP CENTER • 27,525 SF
      13284 66th St, Largo, FL 33773-1847
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,145 SF

      Largo Commercial Property with Warehouses

      2.34-acre commercial/light industrial property with four buildings and storage units.
      11455 66Th St, Largo, FL 33773
      View Details
    • $159,900

      Waterfront Mobile Home in Largo

      Spacious 2/2 home in resident-owned Holiday Shores park.
      10456 Peaceful Dr, Largo, FL 33773
      View Details
    • $3,900,000
      25,260 SF

      Largo Bodyshop & Investment Opportunity

      Turnkey Bodyshop, Rental Income, Established Business
      6426 126Th Ave, Largo, FL 33773
      View Details
    • $1,500,000
      Pending

      Lakefront Land for Residential Development

      10.9 acres with lake frontage, suitable for residential development.
      12290 101St St, Largo, FL 33773
      View Details
    • $1,500,000
      Pending

      Lakefront Land Ready for Development

      14.06 acres of lakefront property suitable for redevelopment.
      101St St, Largo, FL 33773
      View Details
    • $1,500,000
      Pending

      Lakefront Land for Residential Development

      14.06 acres with lake frontage suitable for residential development.
      101St St, Largo, FL 33773
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      37,000 SF

      Largo Commercial Space For Lease

      Centrally located commercial space suitable for office, medical, or retail.
      11350 66Th St, Largo, FL 33773
      View Details
    • $22 SF/Yr
      37,000 SF

      Largo Office, Retail, Medical Space

      Centrally located commercial space suitable for office, medical, or retail.
      11350 66Th St, Largo, FL 33773
      View Details
    • $20,000 /Mo
      3,411 SF

      Pinellas Park Industrial Property For Lease

      2.12-acre industrial property with improvements and substantial yard in Pinellas Park.
      6751 118Th Ave, Largo, FL 33773
      View Details
    • Contact for pricing
      87,128 SF

      Westbrook Corporate Center Warehouse Space

      Largo, FL Warehouse - 13,400 SF Available
      11401 Belcher Rd, Largo, FL 33773
      View Details
    • $9 SF/Yr
      35,512 SF

      Starkey Road Warehouse Space

      Industrial warehouse, multiple suites available.
      12388 Starkey Rd, Largo, FL 33773
      View Details
    • Contact for pricing
      24,900 SF

      Largo Flex Space - 24,900 SF

      Prime Largo industrial flex space for lease.
      7995 114Th Ave, Largo, FL 33773
      View Details
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    Largo, FL 33773-3645
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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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