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

    12416 66th St Largo, FL 33773-3430

    • Office buildings
    • 20,403 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimations
    $4,745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3659629
    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

    • Dr. Thomas E. Odmark, M.D. / Physician
    • Priscila Marques / Physician
    • Dr. Daniel Penello, M.D., M.B.A. / Physician
    • Dr. Scott Vizzi, M.D. / Physician
    • Dr. Ali Zahrai, M.D., MSc, FRCSC / Physician

    Property Details for 12416 66th St

    Year built
    2007
    Construction
    CONCRETE BLOCKS
    Lot size
    1.99 lot acres
    Property size
    20,403 SF
    Property type
    Office buildings
    APN
    07-30-16-70956-400-0105
    APU
    73016709564000105

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,744,000
      Market price range: $2.48M - $5.71M
      AI Estimate
      $4,744,000
      Market price range: $2.48M - $5.71M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,625,000
      Current use
      INDUSTRIAL (GENERAL)
      $5,070,000
      Change: +10% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,990,000
      Change: +8% Conversion: Easy
      WAREHOUSE, STORAGE
      $4,960,000
      Change: +7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,820,000
      Change: -17% Conversion: Difficult
      RETAIL STORES
      $3,790,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7302
    Latitude
    27.8848
    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
    $61,810
    $0.00
    $0.00
    $3,250,000
    -
    $575,580
    $2,674,420
    $3,250,000

    Comparable in this City

    • Value Estimation by Request
      924 SF

      12733 62nd St

      OFFICE BUILDING • 924 SF
      12733 62nd St, Largo, FL 33773-1840
      View Details
    • Value Estimation
      $700,000
      4,059 SF

      11250 66th St

      OFFICE BUILDING • 4,059 SF
      11250 66th St, Largo, FL 33773-5510
      View Details
    • Value Estimation
      $730,000
      3,000 SF

      11199 69th St

      OFFICE BUILDING • 3,000 SF
      11199 69th St, Largo, FL 33773-5504
      View Details
    • Value Estimation
      $4,055,000
      26,180 SF

      7995 114th Ave

      OFFICE BUILDING • 26,180 SF
      7995 114th Ave, Largo, FL 33773-5028
      View Details
    • Value Estimation
      $890,000
      3,411 SF

      12885 62nd St

      OFFICE BUILDING • 3,411 SF
      12885 62nd St, Largo, FL 33773-1859
      View Details
    • Value Estimation
      $580,000
      2,816 SF

      11405 Starkey Rd

      PROFESSIONAL BUILDING • 2,816 SF
      11405 Starkey Rd, Largo, FL 33773-4738
      View Details

    Similar Nearby for Sale

    • $740,000

      Largo Office Condos: Prime Location

      Two adjacent office condos, 3,550 SF
      13191 Starkey Rd, Largo, FL 33773
      View Details
    • $1,375,000
      5,000 SF

      Turnkey Professional Office in Largo

      5,000 SF office building in 118th Place Office Park.
      8258 118Th Ave, Largo, FL 33773
      View Details
    • $740,000
      3,550 SF

      Largo Office Condos: Prime Location

      3,550 SF Office Suites, High Visibility
      13191 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
    • $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

      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 Office, Retail, Medical Space

      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 Commercial Space For Lease

      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
      8,147 SF

      Largo Office Space For Lease

      8,147 SF Office Suites Available Now
      7935 114Th Ave, Largo, FL 33773
      View Details
    • $20 SF/Yr
      37,000 SF

      Move-in Ready Largo Office Space

      Commercial office and medical space available for lease in Largo.
      11350 66Th St, 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
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    Largo, FL 33773-3430
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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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