Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    12340 66th St Largo, FL 33773-3436

    • Manufacturing properties
    • 47,490 SF
    • 3.65 lot acres
    OFF-MARKET
    Last Sale
    Jul 18, 2024
    $4,450,000
    Value Estimations
    $4,495,000
    Show details
    Cap Rate Potential
    7.8%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-3764078
    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

    • Vinoveritas Wine Imports / Wine Wholesaler And Importer
    • Vinoveritas Wine Import and Distribution / Corporate Office
    • Vinoveritas LLC / Corporate Office
    • Pure Planet Pool Service / Pool Cleaning Service / Swimming Pool Repair Service
    • Barbell Barbell Gym / Gym / Fitness Center

    Property Details for 12340 66th St

    Year built
    1978
    Construction
    FRAME
    Lot size
    3.65 lot acres
    Property size
    47,490 SF
    Property type
    Manufacturing properties
    APN
    07-30-16-70956-400-1602
    APU
    73016709564001602

    Description

    This Largo, Florida industrial property at 12340 66th St N offers 13,139 square feet of immediately available warehouse space for lease. The building, a single-story Class B structure built in 1978, boasts a total of 49,514 square feet and is situated on a 3.65-acre lot. The available space features ceiling heights ranging from 19 to 22 feet, providing ample vertical clearance. Access is convenient with three dock-high doors and one drive-in door. The property benefits from street frontage on 66th Street. While the current space lacks built-in office space, the landlord is open to build-to-suit options to accommodate tenant needs. A significant advantage is the availability of an additional half-acre of paved and fenced land adjacent to the leased space, ideal for laydown yards, drop lots, extra parking, or outdoor storage. The property is multi-tenant, with the minimum divisible space being 13,139 square feet. This versatile space is suitable for warehouse, manufacturing, flex, or distribution uses. The property is located in Largo, Florida, zip code 33773.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,450,000
      ML approach
      $4,450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,088,000
      Market price range: $5.09M - $18.1M
      AI Estimate
      $5,088,000
      Market price range: $5.09M - $18.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7304
    Latitude
    27.8836
    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
    $41,763
    $0.00
    $0.00
    $2,155,000
    -
    $917,980
    $1,237,020
    $2,155,000

    Comparable in this City

    • Value Estimation by Request
      268,520 SF

      8575 Largo Lks Dr

      MANUFACTURING (LIGHT) • 268,520 SF
      8575 Largo Lks Dr, Largo, FL 33773-4909
      View Details
    • Value Estimation by Request
      149,936 SF

      8031 114th Ave

      MANUFACTURING (LIGHT) • 149,936 SF
      8031 114th Ave, Largo, FL 33773-5006
      View Details
    • Value Estimation by Request
      6,380 SF

      8655 115th Ave

      MANUFACTURING (LIGHT) • 6,380 SF
      8655 115th Ave, Largo, FL 33773-4919
      View Details
    • Value Estimation by Request
      15,050 SF

      7501 124th Ave

      MANUFACTURING (LIGHT) • 15,050 SF
      7501 124th Ave, Largo, FL 33773-3043
      View Details
    • Value Estimation by Request
      15,568 SF

      7333 124th Ave

      MANUFACTURING (LIGHT) • 15,568 SF
      7333 124th Ave, Largo, FL 33773-3010
      View Details
    • Value Estimation by Request
      16,800 SF

      8780 126th Ave

      MANUFACTURING (LIGHT) • 16,800 SF
      8780 126th Ave, Largo, FL 33773-1507
      View Details

    Similar Nearby for Sale

    • $5,000,000
      35,512 SF

      Largo Warehouse: Prime Industrial Space

      35,512 SF Warehouse, $5M
      12388 Starkey Rd, Largo, FL 33773
      View Details
    • $3,233,500
      7,060 SF

      Industrial Flex Space For Sale

      Industrial flex space with existing tenants and owner occupancy potential.
      11838-11870 62Nd St, Largo, FL 33773
      View Details
    • $4,500,000
      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
    • Contact for pricing
      4.29 Acres

      Largo Industrial Land - 4.29 Acres

      Prime Pinellas County industrial site, E-1 zoning.
      0 114Th Ave, Largo, FL 33773
      View Details
    • $3,500,000
      17,765 SF

      Largo Mixed-Use Commercial Property

      High-traffic location, retail & warehouse space
      12950 Starkey Rd, Largo, FL 33773
      View Details
    • $1,495,000
      5,000 SF

      000 SF Class \""A\"" office space was built in 2007 by Harrod Properties and is a part of a multi-building office & warehouse condominium park called 118th Place. The Property was purchased in 2014 and completely remodeled sparing no expense. Key features include mediterranean style architecture

      luscious courtyards
      8258 118Th Ave, Largo, FL 33773
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      96,670 SF

      Prime Pinellas County Industrial Space

      96,670 SF Manufacturing/Warehouse Available
      8515 126Th 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
    • 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
    • $9 SF/Yr
      35,512 SF

      Starkey Road Warehouse Space

      Industrial warehouse, multiple suites available.
      12388 Starkey Rd, Largo, FL 33773
      View Details
    • $10 SF/Yr
      2,500 SF

      Largo Warehouse with Office Space

      Warehouse with office and bathroom in Largo, Florida.
      9161 131St Pl N, Largo, FL 33773
      View Details
    • $16 SF/Yr
      4,300 SF

      Industrial Space Available For Lease

      Industrial property with 4,300 square feet available for lease.
      12890 Starkey Rd, Largo, FL 33773
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12340 66th St
    Largo, FL 33773-3436
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.