Property profile

13644 Walsingham Rd Largo, FL 33774

OFF-MARKET
Office buildings
Property ID
US18-3444961
6,924 SF 2.27 ac lot Built 1980
Individually Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Largo, FL medical office building presents a compelling investment opportunity. The 16,394 square foot, two-story Class B building, situated on a 4.54-acre lot (2.27 acres front, 2.27 acres rear), is currently vacant and ready for immediate occupancy. Built in 1978 with renovations in 1985, including the addition of a second story and elevator, the property boasts enduring quality and structural integrity. The "I" zoning allows for versatile use, making it ideal for a variety of medical or office tenants. The single, well-appointed unit features numerous offices, exam rooms, and bathrooms. Its prime location in Largo offers convenient access to major thoroughfares, nearby amenities, and a thriving business community. The property's size and location also present a development opportunity for those seeking to expand or build new construction. The asking price is $4,500,000, translating to $274.49 per square foot. This move-in ready building represents a strong investment in a desirable location. The property's attractive features and strategic location make it a highly sought-after asset in the competitive Largo market. The large lot size offers significant potential for future expansion or redevelopment. This is a rare opportunity to acquire a substantial property in a high-growth area.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1980
Construction CONCRETE BLOCKS
Total area 6,924 SF
Lot 2.27 ac (98,955 SF)
APN 17-30-15-70632-200-0701
UPID US18-3444961

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
  • Physician
  • Physician
  • Medical Clinic
  • Physician
  • Physician

Location

13644 Walsingham Rd Largo, FL 33774-3532
Largo metro Census 25119 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.85M
Blend (final) Blend
$2.69M

Owner & transaction history

since 2015
5 recorded transactions
2019
Price N/A
2015
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $2.9M +114.7%
Commercial (general) $1.7M +26.2%
Industrial (general) $1.4M +2.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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