1229 Missouri Ave N Largo, FL 33770
Property profile & analytics
1229 Missouri Ave N Largo, FL 33770
- Specialty properties
- 40,778 SF
- 4.75 lot acres
Property ID
US18-7643590
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.
Location Intelligence
Current Use by Public Records
- Fuel Up Cafe / Specialty Food Shop
- British Swim School at Esporta Fitness - Largo / Swimming School / Baby Swimming School
- Seriously Fresh / Restaurant
- Maple Self Storage Units / Storage Facility
- Esporta Fitness / Gym & Fitness Center
Property Details for 1229 Missouri Ave N
- Year built
- 2014
- Construction
- CONCRETE
- Lot size
- 4.75 lot acres
- Property size
- 40,778 SF
- Property type
- Specialty properties
- APN
- 27-29-15-57787-000-0010
- APU
- 272915577870000010
Description
This exceptional investment opportunity presents a 45,000 square foot, single-tenant retail building in Largo, Florida, fully occupied by LA Fitness under a NNN lease with a corporate guarantee. The property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $773,856. Built in 2014, the building sits on a 4.88-acre lot with 252 parking spaces and is strategically located at the signalized intersection of Missouri Avenue (30,000 AADT) and Jasper Street, benefiting from high visibility and traffic counts. The lease has 7 years remaining, providing long-term stability and income potential. The property is zoned C2 and enjoys a prime location near other major retailers, including TJ Maxx and Ross Dress for Less. This asset is situated in an Opportunity Zone, offering additional investment incentives. The property's strong demographics, with a 3-mile population of 108,936 and an average household income of $88,721, further enhance its investment appeal. The asking price is $11,465,000, representing a price per square foot of $254.78. This is a fully stabilized, cash-flowing investment with a national tenant and significant upside potential through lease option periods. The property's location and tenant strength make it an attractive addition to any portfolio. The Pinellas County property features a single building and is conveniently located at 1229 Missouri Ave N, Largo, FL 33770.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,829,000
- AI Estimate
- $10,829,000
Market price range: $4.78M - $14.9MMarket price range: $4.78M - $14.9M -
Alternative Use
- Use
- Estimation
- CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
- $9,045,000 Current use
- AUTO REPAIR, GARAGE
- $16,965,000 Change: +88% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $9,975,000 Change: +10% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $8,070,000 Change: -11% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $7,630,000 Change: -16% Conversion: Difficult
- RETAIL STORES
- $7,575,000 Change: -16% Conversion: Difficult
- OFFICE BUILDING
- $7,425,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Largo
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7889
- Latitude
- 27.9294
- 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
$154,126
$0.00
$0.00
$8,150,000
-
$1,898,053
$6,251,947
$8,150,000
