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    12950 Starkey Rd Largo, FL 33773
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    12950 Starkey Rd, Largo, FL 33773

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    • Strip malls
    • 4,802 SF
    • 1.84 lot acres
    For Sale
    $3,500,000
    View Listing →
    Largo Mixed-Use Commercial Property For Sale
    $3,500,000
    17,765 SF

    Largo Mixed-Use Commercial Property

    High-traffic location, retail & warehouse space

    12950 Starkey Rd, Largo, FL 33773
    View Listing
    Property ID
    US18-4563910
    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
    Cap Rate Potential
    3.3%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • TrackPrep Performance LLC / Auto Parts Store
    • Discount Mattress & Furniture World / Furniture & Home Goods
    • A J's Beds & Furniture / Furniture & Home Goods

    Property Details for 12950 Starkey Rd

    Year built
    1972
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.84 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    11-30-15-70524-100-1700
    APU
    113015705241001700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 4, 2026 — Zes Coastal Properties LLC — Deed · related $600k · Hancock Whitney Bank
    Mar 8, 2021 $1,350,000 Zes Coastal Properties LLC Peterson Rommel LLC Special Warranty Deed $1.1M · Peterson Rommel LLC
    May 24, 2016 — Peterson Rommel LLC — Deed · related $375k · Bank Of America NA
    Aug 3, 2004 $720,000 Peterson Rommel LLC Bfh Properties INC Warranty Deed $670k · Bfh Properties INC

    Description

    This exceptional 17,765 square foot mixed-use property in Largo, FL, sits on a 1.84-acre lot and presents a unique investment opportunity. The property boasts a 90' x 49' retail space currently leased to a long-term tenant, providing immediate income potential and high visibility on a major thoroughfare. A substantial 50' x 240' warehouse area, featuring 10 bays, is also currently leased, offering ample space for storage, distribution, or manufacturing. The property includes open-air storage, ideal for additional inventory or equipment. Ample parking is available for both customers and staff. Convenient access to major highways and transportation routes enhances its strategic location. This versatile property is perfect for expanding businesses or new ventures seeking a prime commercial space with diverse functionalities. The combination of retail and warehouse space, coupled with its high-traffic location and ample parking, makes this a rare and valuable opportunity in a sought-after area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,635,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $890,000
      6.5%
      $820,000
      7%
      $760,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,310,000
      Market price range: $554k - $1.31M
      AI Estimate
      $1,310,000
      Market price range: $554k - $1.31M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $900,000
      Current use
      AUTO REPAIR, GARAGE
      $2,000,000
      Change: +122% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,175,000
      Change: +31% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,165,000
      Change: +30% Conversion: Difficult
      OFFICE BUILDING
      $1,090,000
      Change: +21% Conversion: Moderate
      RETAIL STORES
      $890,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7632
    Latitude
    27.8902
    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
    $20,235
    $0.00
    $0.00
    $1,070,000
    -
    $683,634
    $386,366
    $1,070,000

    Comparable in this City

    • Value Estimation
      $1,385,000
      12,000 SF

      6585 126th Ave

      SHOPPING CENTER, STRIP CENTER
      6585 126th Ave, Largo, FL 33773-1836
      View Details
    • Value Estimation
      $1,630,000
      8,000 SF

      12500 Starkey Rd

      SHOPPING CENTER, STRIP CENTER
      12500 Starkey Rd, Largo, FL 33773-2615
      View Details
    • Value Estimation
      $1,995,000
      6,270 SF

      12061 66th St

      SHOPPING CENTER, STRIP CENTER
      12061 66th St, Largo, FL 33773-3645
      View Details
    • Value Estimation
      $3,925,000
      15,935 SF

      13220 Starkey Rd

      SHOPPING CENTER, STRIP CENTER
      13220 Starkey Rd, Largo, FL 33773-1445
      View Details
    • Value Estimation
      $1,440,000
      5,280 SF

      12855 Belcher S Rd

      SHOPPING CENTER, STRIP CENTER
      12855 Belcher S Rd, Largo, FL 33773-1657
      View Details
    • Value Estimation
      $845,000
      3,330 SF

      11180 66th St

      SHOPPING CENTER, STRIP CENTER
      11180 66th St, Largo, FL 33773-5507
      View Details

    Similar Nearby for Sale

    • $3,190,000
      Pending

      Largo Commercial Property For Sale

      2,216 SF commercial property in Largo, Florida.
      12330 101St St, Largo, FL 33773
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    • Contact for pricing
      8,560 SF

      Freestanding Flex/Retail Building For Sale

      8,560 SF flex/retail building, 100% occupied, excellent visibility.
      12490 Belcher Rd, Largo, FL 33773
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    • Contact for pricing
      7,722 SF

      Largo Commercial Property For Sale

      Rare commercial opportunity in central Pinellas County with income potential.
      11151 66Th St, Largo, FL 33773
      View Details
    • Contact for pricing
      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

    Similar Nearby for Lease

    • Contact for pricing
      1,470 SF

      Retail Space in Largo Plaza

      Retail space available in a busy shopping center.
      10500 Ulmerton Rd, Largo, FL 33773
      View Details
    • Contact for pricing
      2,050 SF

      New Industrial Bays For Lease

      New industrial small bays available in the heart of Pinellas.
      9172 130Th Ave, Largo, FL 33773
      View Details
    • $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
    • Contact for pricing

      Prime Commercial Rental Property

      Functional space with warehouse, office, showroom, and excellent frontage.
      12547 66Th St N, Largo, FL 33773
      View Details
    • Contact for pricing

      Retail Space on Starkey Road

      Retail space for lease with high street visibility.
      11411-11419 Starkey Rd, Largo, FL 33773
      View Details
    View Listing
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    Largo, FL 33773
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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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