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Property profile & analytics
OFF-MARKET
Estimated value
$5,725,000
Manufacturing properties
2062 20th SE Ave Largo, FL 33771-3846
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2319737
Property summary
AI-generated overview
This exceptional industrial property, located in the well-established Mid-Pinellas submarket, offers 44,936 square feet of warehouse space situated on approximately 7.1 acres of land. The property boasts I-G Heavy Industrial zoning, allowing for a wide variety of uses, high density, and ample outdoor storage. The single-story building, constructed in 1973, features multiple oversized drive-in doors and a covered storage area. High ceilings range from 16 to 22 feet, providing ample vertical space. Significant power is available on-site, with multiple 2000-amp, 480-volt, 3-phase services. Its strategic location provides excellent access to major roadways including Ulmerton Road and Starkey Road, as well as bridges offering easy connections to the Gulf Beaches, Downtown Clearwater, and Downtown St. Petersburg. The property's proximity to the St. Pete-Clearwater International Airport (9 miles) further enhances its logistical advantages. This versatile property is ideal for businesses requiring substantial space, outdoor storage, and heavy power capabilities. The Class C building presents a significant opportunity for a variety of industrial and manufacturing uses.
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1978
Construction
STEEL FRAME
Total area
16,764 SF
Lot
7.07 ac (308,048 SF)
APN
02-30-15-00000-440-0300
UPID
US18-2319737
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hardox Wearparts Center Tampa Factory Industrial Manufacturer
-
Grinder Wear Parts Metal Fabrication Plant Factory
-
Global Equipment Finance Solutions Corporate Office
-
GRS Fabrication Industrial Manufacturer Factory
-
Apollo Equipment Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.73M
Owner & transaction history
Hk Largo LLC · 1 yrs held
Hk Largo LLC
since 2024
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.5M
+151.9%
Auto repair, garage
$7.0M
+85.0%
Commercial (general)
$4.1M
+8.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Largo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Largo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,725,000
ML approach
$5,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,770,000
Current use
RESTAURANT
$9,495,000
Change: +152% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,975,000
Change: +85% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,100,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$3,525,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$5.73M
Range $5.15M – $6.30M · ±10% · vs last sale $5.73M (Jul 23 2024)
Last sale anchor
$5.73M
Jul 23 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$342 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,970
Tax year 2023
Assessed value
$1,852,521
Assessed 2023
Previous assessed
$1,852,521
+0.0% YoY
Effective rate
1.78%
On assessed value
Land market value
$630,997
Improvement market value
$1,221,524
Total market value
$1,852,521
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Bathrooms
5
Total area
16,764 SF
Lot
7.07 ac (308,048 SF)
APN
02-30-15-00000-440-0300
UPID
US18-2319737
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
RESTAURANT
Est. value
$9.5M
AUTO REPAIR, GARAGE
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.5M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
5
Lot
7.07 ac
Current owner
From public records · entity-resolved
Hk Largo LLC
Entity
Mailing address
1776 PEACHTREE ST NW STE 610S, ATLANTA, GA 30309-2363
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
$5,725,000
Hk Largo LLC
Blue Flowers Enterprises LLC
Special Warranty Deed
—
Jul 23, 2024
—
Hk Largo LLC
Blue Flowers Enterprises LLC
Quit Claim Deed
related
$4,704,198 · Banksouth
May 12, 2010
$1,350,000
Blue Flowers Ents LLC
Pro-build R/e Holdings LLC
Grant Deed
$824,000 · Key Bank & Trust
Aug 3, 2006
$2,100,000
Pro-build R/e Holdings LLC
Hope Lumber & Supply Co
Grant Deed
related
—
Feb 3, 2006
$1,217,300
Hope Lumber & Supply Co
Lbp Properties Florida Lc
Grant Deed
—
—
—
Blue Flowers Ents LLC
—
Deed Of Trust
related
$1,800,000 · Hancock Whitney Bk
—
—
Blue Flowers Ents LLC
—
Deed Of Trust
related
$1,332,520 · Jp Morgan Chase Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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