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    12340 66th St Largo, FL 33773-3436
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    Property profile & analytics

    12340 66th St, Largo, FL 33773-3436

    View on Map
    • Manufacturing properties
    • 47,490 SF
    • 3.65 lot acres
    Off-Market
    Last Sale Jul 18, 2024
    $4,450,000
    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.
    Value Estimations
    $4,450,000
    Show details
    Cap Rate Potential
    7.8%
    Manufacturing properties
    Location Intelligence

    Current Use by Public Records

    • Vinoveritas Wine Imports / Brewery & Distillery / Big Box & Wholesale Store
    • Vinoveritas Wine Import and Distribution / Corporate Office
    • Vinoveritas LLC / Corporate Office
    • Pure Planet Pool Service / General Contractor
    • Barbell Barbell Gym / Gym & Fitness Center

    Property Details for 12340 66th St

    Year built
    1978
    Construction
    FRAME
    Lot size
    3.65 lot acres
    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

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,805,000
      6.5%
      $5,360,000
      7%
      $4,975,000

    • 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 estimation — 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

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    • Value Estimation
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    • Value Estimation
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    • Value Estimation
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      MANUFACTURING (LIGHT)
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    • Value Estimation
      $1,930,000
      15,568 SF

      7333 124th Ave

      MANUFACTURING (LIGHT)
      7333 124th Ave, Largo, FL 33773-3010
      View Details
    • Value Estimation
      $1,800,000
      16,800 SF

      8780 126th Ave

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

    Similar Nearby for Sale

    • Contact for pricing
      20,729 SF

      Functional Industrial Property in Largo

      20,729 SF industrial property on 3.67 acres for sale.
      12811 66Th St North, Largo, FL 33773
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    • $3,900,000

      Largo Industrial Property For Sale

      20,729 SF industrial property in Largo, Florida.
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      Largo Freestanding Office/Warehouse Facility

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      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
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    • $3,190,000
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      Largo Commercial Property For Sale

      2,216 SF commercial property in Largo, Florida.
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    Similar Nearby for Lease

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      Largo Warehouse Space Available

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      Pinellas Park Industrial Property

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    • Contact for pricing
      70,500 SF

      Pinellas Park Warehouse Space Available

      70,500 SF warehouse space with flexible office options.
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      View Details
    • Contact for pricing

      Pinellas County Warehouse For Rent

      Warehouse with truck access, high ceilings, and fire sprinklers.
      12401 Belcher Rd, Largo, FL 33773
      View Details
    • Contact for pricing

      Industrial Land with Planned Building

      Vacant industrial land with a building under construction for lease.
      7125 114Th Ave, Largo, FL 33773
      View Details
    • Contact for pricing

      Largo Warehouse with Office Space

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      View Details
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    Largo, FL 33773-3436
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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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