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

    1406 Clearwater Largo N Rd Largo, FL 33770-1173

    • Warehouses
    • 3,000 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2022
    $500,000
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    6.5%
    Warehouses
    Location Intelligence
    Property ID
    US18-5928089
    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

    • The junk car auto mall / Junkyard
    • J.C. Jones & Co. Roofing and Construction / Roofing Contractor
    • J.C. Jones & Co. Roofing & Construction / Roofing Contractor
    • Key West hair nail Salons / Hair Salon / Beauty Salon

    Property Details for 1406 Clearwater Largo N Rd

    Year built
    1962
    Construction
    FRAME
    Lot size
    0.26 lot acres
    Property size
    3,000 SF
    Property type
    Warehouses
    APN
    27-29-15-38970-013-0110
    APU
    272915389700130110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $390,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $420,000
      6.5%
      $390,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $411,000
      Market price range: $353k - $814k
      AI Estimate
      $411,000
      Market price range: $353k - $814k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $545,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $560,000
      Change: +3% Conversion: Moderate
      RETAIL STORES
      $555,000
      Change: +3% Conversion: Moderate
      OFFICE BUILDING
      $545,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7952
    Latitude
    27.9297
    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
    $3,782
    $0.00
    $0.00
    $200,000
    -
    $158,919
    $41,081
    $200,000

    Comparable in this City

    • Value Estimation by Request
      6,905 SF

      1731 Clearwater Hbr Dr

      WAREHOUSE, STORAGE • 6,905 SF
      1731 Clearwater Hbr Dr, Largo, FL 33770-4512
      View Details
    • Value Estimation by Request
      8,000 SF

      324 13th SW St

      WAREHOUSE, STORAGE • 8,000 SF
      324 13th SW St, Largo, FL 33770-3130
      View Details
    • Value Estimation by Request
      6,880 SF

      699 4th NW St

      WAREHOUSE, STORAGE • 6,880 SF
      699 4th NW St, Largo, FL 33770-2477
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    • Value Estimation by Request
      8,400 SF

      531 Commerce Dr

      WAREHOUSE, STORAGE • 8,400 SF
      531 Commerce Dr, Largo, FL 33770-1834
      View Details
    • Value Estimation by Request
      2,464 SF

      233 12th SW St

      WAREHOUSE, STORAGE • 2,464 SF
      233 12th SW St, Largo, FL 33770-3124
      View Details
    • Value Estimation by Request
      9,600 SF

      131 Commerce N Dr

      WAREHOUSE, STORAGE • 9,600 SF
      131 Commerce N Dr, Largo, FL 33770-1899
      View Details

    Similar Nearby for Sale

    • $2,350,000
      14,250 SF

      Largo Warehouse For Sale

      14,250 square foot warehouse available in Largo, Florida.
      1715 N Missouri Ave, Largo, FL 33770
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    • $4,900,000
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      Largo Restaurant Redevelopment Opportunity

      Prime 5,090 SF Restaurant Site, Vacant
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    • $8,200,000
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      Walgreens Investment Opportunity

      High-Yield Florida Walgreens
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    • $1,300,000
      0.39 Acres

      Waterfront Lot in Harbor Hills

      Sprawling waterfront lot to build your Florida dream home.
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    • $3,215,000
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      New Construction Retail Property

      New construction retail property in the Tampa-St. Petersburg-Clearwater area.
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    • $1,075,000
      3,304 SF

      Belleair Bluffs Leased Commercial Building

      Commercial building with three units currently leased in Belleair Bluffs.
      420 Indian Rocks Rd N, Belleair Bluffs, FL 33770
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    Similar Nearby for Lease

    • $83,725

      Move-in Ready Office Suites

      Office suites available in Largo, from 1,333 to 10,915 SF.
      2401 W Bay Dr, Largo, FL 33770
      View Details
    • Contact for pricing
      2,597 SF

      Retail Space on Missouri Avenue

      Retail space with high visibility and ample parking.
      615-621 Missouri Ave N, Largo, FL 33770
      View Details
    • Contact for pricing
      5,935 SF

      Retail Space on Missouri Avenue

      Retail space with excellent visibility and frontage on Missouri Avenue.
      1300-1460 Missouri Ave N, Largo, FL 33770
      View Details
    • $1,500 /Mo
      4,356 SF

      Restaurant Space in Downtown Largo

      Restaurant space for rent in upcoming downtown Largo, Florida.
      101 Clearwater-Largo Rd, Largo, FL 33770
      View Details
    • Contact for pricing
      1,018 SF

      Retail Space in Liberty Yards

      Retail space for lease in a high-traffic Largo location.
      408 W Bay Dr, Largo, FL 33770
      View Details
    • $28,950

      Prime Retail/Office Space Available

      Retail/office space in desirable location with high visibility.
      400 Indian Rocks Rd N A, Belleair Bluffs, FL 33770
      View Details
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    Largo, FL 33770-1173
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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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