1703 Missouri N Ave Largo, FL 33770
This free-standing office building at 1703 Missouri Avenue, Largo, FL 33770, presents a compelling passive investment opportunity. Built in 1978, the single-unit property is situated on a 16,000 square foot lot and includes 12 parking spaces. Currently operating under a Triple Net Lease with Kyle Smoke Shop, this property offers a strong cap rate of 7.38%. The asking price is $650,000. The building's location within a thriving commercial corridor in Largo, Florida, provides excellent visibility and accessibility. Surrounding businesses include a mix of national and local tenants, further enhancing the property's value and potential for long-term growth. This is an exceptional opportunity for investors seeking a stable, high-yielding asset in a desirable location. The property's strong tenant and favorable lease terms contribute to its attractive investment profile. The substantial lot size offers potential for future expansion or development, adding to its overall appeal. This turnkey investment requires minimal management, making it ideal for passive income seekers. Serious inquiries are encouraged to explore this exceptional investment opportunity further.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.