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    Property profile & analytics

    181 Lark Dr Largo, FL 33778-2119

    This commercial lot is located on the southwest corner of Seminole Boulevard and Lark Drive in Largo, Florida. The property has a CG (General Commercial) zoning designation, offering various development possibilities for commercial goods and services. The CG zoning allows for significant traffic and extended hours of operation. The lot size is 0.72 acres.
    • Retail properties
    • 0.72 lot acres
    OFF-MARKET
    Last Sale
    Jun 09, 2022
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7750596
    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

    • Retail properties

    Property Details for 181 Lark Dr

    Lot size
    0.72 lot acres
    Property type
    Retail properties
    APN
    10-30-15-79606-000-0020
    APU
    103015796060000020

    Property Overview

    This commercial lot is located on the southwest corner of Seminole Boulevard and Lark Drive in Largo, Florida. The property has a CG (General Commercial) zoning designation, offering various development possibilities for commercial goods and services. The CG zoning allows for significant traffic and extended hours of operation. The lot size is 0.72 acres.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7883
    Latitude
    27.8908
    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
    $4,629
    $0.00
    $0.00
    $244,792
    -
    $244,792
    $0.00
    $244,792

    Comparable in this City

    • Value Estimation
      $1,230,000
      8,114 SF

      12344 Seminole Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,114 SF
      12344 Seminole Blvd, Largo, FL 33778-2755
      View Details
    • Value Estimation
      $1,515,000
      4,800 SF

      13399 Seminole Blvd

      AUTO REPAIR, GARAGE • 4,800 SF
      13399 Seminole Blvd, Largo, FL 33778-2129
      View Details
    • Value Estimation by Request
      1,120 SF

      11890 Ulmerton Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,120 SF
      11890 Ulmerton Rd, Seminole, FL 33778-1522
      View Details
    • Value Estimation
      $3,955,000
      34,304 SF

      11833 Seminole Blvd

      SHOPPING CENTER, STRIP CENTER • 34,304 SF
      11833 Seminole Blvd, Seminole, FL 33778-2802
      View Details
    • Value Estimation by Request
      1,326 SF

      10610 Seminole Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,326 SF
      10610 Seminole Blvd, Seminole, FL 33778-3328
      View Details
    • Value Estimation
      $775,000
      1,288 SF

      11001 Seminole Blvd

      VEHICLE SALES, RENTALS • 1,288 SF
      11001 Seminole Blvd, Seminole, FL 33778-3241
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $425,000
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      Largo Office Building - High Visibility

      Prime Seminole Blvd location, ample parking, versatile space.
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      Largo Multifamily Property For Sale

      Multifamily property available in Largo, Florida.
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    • $285,000

      Largo Multifamily Property for Sale

      Multifamily property available in Largo, Florida.
      12651 Seminole Blvd, Largo, FL 33778
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    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Space in Largo, Florida

      3,600 SF 2nd Gen restaurant space available for rent.
      11900 Seminole Blvd, Largo, FL 33778
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Active Corridor

      Retail space in active Largo corridor near Winn-Dixie.
      10202 Seminole Blvd, Seminole, FL 33778
      View Details
    • $11 SF/Yr
      1,050 SF

      Retail Space on Seminole Blvd

      Retail space for rent on Seminole Blvd in Largo, FL.
      12122 Seminole Blvd, Largo, FL 33778
      View Details
    • Contact for pricing
      1,306 SF

      Retail Space Near Largo Mall

      2,611 SF retail space with high visibility and access.
      2076 Seminole Blvd, Largo, FL 33778
      View Details
    • $19 SF/Yr
      9,060 SF

      Prosperity Plaza Office Suites

      Largo, FL Office Space Available
      12945 Seminole Blvd, Largo, FL 33778
      View Details
    • $5,800 /Mo
      59,833 SF

      LARGO Warehouse For Rent

      10,000 sq.ft. warehouse for rent in gated community.
      1185 Gooden Xing, Largo, FL 33778
      View Details
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    181 Lark Dr
    Largo, FL 33778-2119
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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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