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    1479 S Belcher Rd Largo, FL 33771
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    Property profile & analytics

    1479 S Belcher Rd, Largo, FL 33771

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    • Strip malls
    • 32,000 SF
    • 4.71 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Retail/Office Center with Pylon Signage For Lease
    $20 SF/Yr
    1,000 SF

    Retail/Office Center with Pylon Signage

    32,000 SF retail/office center with excellent visibility and parking.

    1479 S Belcher Rd, Largo, FL 33771
    View Listing
    Property ID
    US18-0402656
    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
    Location Intelligence

    Current Use by Public Records

    • Signature Graphics & Printing / Printing Service / (Bike/Boat/Book/etc) Store
    • Apex Commercial Electrical / Electrical Service / General Contractor
    • 阳光超市 / (Bike/Boat/Book/etc) Store / Grocery & Convenience Store
    • Pura Rakata Nutrition Fitness / Physician
    • East Bay Counseling Center / Counselor

    Property Details for 1479 S Belcher Rd

    Year built
    1982
    Construction
    CONCRETE BLOCKS
    Lot size
    4.71 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    06-30-16-70938-200-0901
    APU
    63016709382000901

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 6, 2018 $2,500,000 Algalia LLC Luu & Bui LLC Warranty Deed —
    Jan 30, 2006 $3,790,000 Luu & Bui LLC Belcher Square INC Warranty Deed $2.6M · Fidelity Bk/fl
    Oct 19, 2000 $1,925,000 Belcher Square INC Tampa Car Wash Properties INC Grant Deed $1.3M · Bank Of America
    Jun 13, 1997 $930,000 Tampa Car Wash Properties INC Direct Investments Grant Deed $900k · First Union Nat'l Bank Florida
    — — Luu & Bui LLC — Loan Modification · related $1.2M · Fidelity Bk/fl

    Description

    This Largo, Florida retail center, located at 1479 S Belcher Rd (APN 06-30-16-70938-200-0901), offers three vacant 1,000 square foot retail spaces within a larger 32,000 square foot building. Built in 1982 and renovated in 1997, the property boasts excellent visibility due to its prominent location and large pylon signage. The single-story building features ample parking with 200 spaces, providing a generous 6.25 parking ratio. The zoning is CG, Largo. Each unit is easily accessible and benefits from the high traffic volume of Belcher Road. The property is conveniently located near the intersection of Belcher Road and a cross street, approximately 701 feet away. This presents a unique opportunity for businesses seeking high-visibility retail space in a thriving Largo community. The property is zoned for commercial general use, offering flexibility for a variety of retail businesses. The available spaces are ideal for smaller businesses or startups looking for a well-maintained and easily accessible location. With its convenient location, ample parking, and strong visibility, this property represents a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,688,000
      Market price range: $3.69M - $8.74M
      AI Estimate
      $3,688,000
      Market price range: $3.69M - $8.74M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,990,000
      Current use
      RETAIL STORES
      $5,945,000
      Change: -1% Conversion: Easy
      WAREHOUSE, STORAGE
      $5,790,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7449
    Latitude
    27.9029
    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
    $50,668
    $0.00
    $0.00
    $2,705,000
    -
    $1,254,503
    $1,450,497
    $2,705,000

    Comparable in this City

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      22,000 SF

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      SHOPPING CENTER, STRIP CENTER
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      View Details
    • Value Estimation
      $3,245,000
      11,880 SF

      7210 Ulmerton Rd

      SHOPPING CENTER, STRIP CENTER
      7210 Ulmerton Rd, Largo, FL 33771-4831
      View Details
    • Value Estimation by Request
      2,872 SF

      7190 Ulmerton Rd

      SHOPPING CENTER, STRIP CENTER
      7190 Ulmerton Rd, Largo, FL 33771-4813
      View Details
    • Value Estimation
      $1,305,000
      9,400 SF

      7149 Ulmerton Rd

      SHOPPING CENTER, STRIP CENTER
      7149 Ulmerton Rd, Largo, FL 33771-4820
      View Details
    • Value Estimation
      $2,005,000
      7,350 SF

      10125 Ulmerton Rd

      SHOPPING CENTER, STRIP CENTER
      10125 Ulmerton Rd, Largo, FL 33771-3531
      View Details
    • Value Estimation
      $1,015,000
      4,800 SF

      2705 Bay Dr

      SHOPPING CENTER, STRIP CENTER
      2705 Bay Dr, Largo, FL 33771-2409
      View Details

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    • $1,790,000
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      High-Traffic Corner Development Opportunity

      Prime corner lot with existing auto shop and development potential.
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      View Details
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      Mixed-Use Development Opportunity in Largo

      High-traffic location suitable for retail, medical, or flex development.
      191 Belcher Rd S, Largo, FL 33771
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      Largo Retail Center: High Growth Potential

      10,696 SF Retail Building, 1.41 Acres
      9483 Ulmerton Rd, Largo, FL 33771
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      1,000 SF

      Automotive Dealership for Sale

      Established automotive dealership specializing in mobility solutions.
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    Similar Nearby for Lease

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      15,323 SF

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      Retail Space at Busy Intersection

      Retail spaces available in redeveloped shopping center with high traffic.
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      Retail Space in Largo, Florida

      Retail spaces available in a busy Largo shopping center.
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      Retail/Office Space on East Bay

      Retail/office space for lease with high traffic exposure.
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      Retail Space on Ulmerton Road

      Retail space available in Largo with high visibility and access.
      7641 Ulmerton Rd, Largo, FL 33771
      View Details
    • Contact for pricing

      Retail/Office Center with Pylon Signage

      32,000 SF retail/office center with excellent visibility and parking.
      1479 S Belcher Rd, Largo, FL 33771
      View Details
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    Largo, FL 33771
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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.

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