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12600 S Belcher Rd, Largo, FL 33773
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Property summary
AI-generated overview
This exceptional 4,800 square foot flex space, located at 12600 S Belcher Rd, Unit 103, Largo, FL 33773, presents a unique investment opportunity. Situated in a highly desirable area of mid-Pinellas County, this property boasts unparalleled visibility due to its prominent frontage on Belcher Road, ensuring high traffic exposure. The building, constructed in 1984, is part of a larger industrial complex totaling 29,161 square feet across 1.89 acres. This single-story structure offers a 13.5-foot ceiling height, providing ample space for various business needs. The unit features one convenient rear grade-level door for easy loading and unloading. The property is categorized as both flex and warehouse space, suitable for a diverse range of commercial uses. The multiple tenancy nature of the larger complex offers a vibrant and active business environment. This property is ideal for businesses seeking high visibility and convenient access in a thriving commercial area of Largo, Florida. The property's location within Pinellas County provides easy access to major transportation routes and a strong local workforce. This is a rare opportunity to secure a highly visible and functional commercial space in a prime location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
FRAME
Total area
11,760 SF
Lot
1.09 ac (47,559 SF)
APN
12-30-15-70542-100-1401
UPID
US18-1257474
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company
-
Employment Agency
-
Construction Company General Contractor
-
Real Estate Agency
-
Garden Center Landscaping
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.08M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$2.08M
Owner & transaction history
since 2024
Last sale
$2.1M
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Industrial (general)
$2.9M
+2.3%
Commercial (general)
$2.9M
+0.7%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.08M
Value range
$1.87M – $2.29M
±10% around blend
Estimated value / SF
$177 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
90
$1.87M
blend $2.08M
$2.29M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,760 SF
Lot area
1.09 ac
Year built
1970
Stories
1
APN
12-30-15-70542-100-1401
Assessed value
$690,000
Annual tax
$12,103
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.53M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.65M
@ 6.5% CAP return
$1.53M
@ 7% CAP return
$1.42M
4
Sales comparison
Partial preview
Sales approach indication
$1.62M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.7 mi away · 13,200 SF
3.6 mi away · 10,250 SF
3.8 mi away · 12,198 SF
3.8 mi away · 12,198 SF
4.7 mi away · 9,120 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.08M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$243
-27%
Submarket 50 sales
$181
-2%
County 439 sales
$220
-20%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $177/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+2%
vs current-use indication
Commercial (general)
Warehouse, Storage · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
4.80%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.80%
9.0%
NOI (est.)
$146k *
Last sale · Oct 2024
$2.08M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.03M
Move the market yield to see immediate price impact.
Value / SF
$258
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.30%4.80%5.30%
$131k
$3.05M
$2.73M
$2.47M
$146k
$3.39M
$3.03M
$2.75M
$160k
$3.72M
$3.34M
$3.02M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.55M
1.0 mi · Apr 2026 · $172/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,103
Tax year 2023
Assessed value
$690,000
Assessed 2023
Previous assessed
$690,000
+0.0% YoY
Effective rate
1.75%
On assessed value
Land market value
$220,982
Improvement market value
$469,018
Total market value
$690,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1970
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
2
Total area
11,760 SF
Lot
1.09 ac (47,559 SF)
APN
12-30-15-70542-100-1401
UPID
US18-1257474
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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