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

    2535 Bay Dr Largo, FL 33771-2405

    • Turn key restaurants
    • 3,923 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5411788
    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

    • Largo Appliance Repair / Microwave Oven Repair Service / Refrigerator Repair Service
    • Bro's Pizzeria & Bar / Italian Restaurant / Pizza Restaurant

    Property Details for 2535 Bay Dr

    Year built
    1974
    Construction
    CONCRETE BLOCKS
    Lot size
    0.56 lot acres
    Property size
    3,923 SF
    Property type
    Turn key restaurants
    APN
    36-29-15-70236-300-0601
    APU
    362915702363000601

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,062,000
      Market price range: $1.06M - $3.81M
      AI Estimate
      $1,062,000
      Market price range: $1.06M - $3.81M

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7609
    Latitude
    27.9162
    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
    $10,401
    $0.00
    $0.00
    $550,000
    -
    $317,127
    $232,873
    $550,000

    Comparable in this City

    • Value Estimation
      $735,000
      2,708 SF

      2745 Bay Dr

      RESTAURANT • 2,708 SF
      2745 Bay Dr, Largo, FL 33771-2431
      View Details
    • Value Estimation
      $1,295,000
      3,432 SF

      7800 Ulmerton Rd

      RESTAURANT • 3,432 SF
      7800 Ulmerton Rd, Largo, FL 33771-4057
      View Details
    • Value Estimation
      $815,000
      2,784 SF

      3760 Bay Dr

      RESTAURANT • 2,784 SF
      3760 Bay Dr, Largo, FL 33771-1935
      View Details
    • Value Estimation by Request
      880 SF

      6721 Ulmerton Rd

      RESTAURANT • 880 SF
      6721 Ulmerton Rd, Largo, FL 33771-4943
      View Details
    • Value Estimation
      $4,270,000
      9,952 SF

      10050 Ulmerton Rd

      RESTAURANT • 9,952 SF
      10050 Ulmerton Rd, Largo, FL 33771-4250
      View Details
    • Value Estimation
      $1,615,000
      5,955 SF

      9700 Ulmerton Rd

      RESTAURANT • 5,955 SF
      9700 Ulmerton Rd, Largo, FL 33771-3603
      View Details

    Similar Nearby for Sale

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      10,696 SF

      Largo Retail Center: High Growth Potential

      10,696 SF Retail Building, 1.41 Acres
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    • $555,000

      Largo Mixed-Use Commercial Building

      Turn-key mixed-use commercial building in Largo, suitable for retail, office.
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    • New
      $549,900
      Pending

      Largo Mixed-Use Building For Sale

      2,736 SF mixed-use building with recent upgrades and high visibility.
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      View Details
    • $1,850,000
      17,404 SF

      Largo Commercial Property For Sale

      Two-story commercial property with Bank of America as anchor tenant.
      2600 E Bay Dr, Largo, FL 33771
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    • $999,000

      ULMERTON ROAD Commercial Land

      Prime Largo, FL development site.
      7421 Ulmerton Rd, Largo, FL 33771
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    • $120,000
      1,000 SF

      Established Largo Wheelchair Dealership

      Profitable Business, 1,000 SF, Owner/User
      12547 66Th St, Largo, FL 33771
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      376,664 SF

      Largo Plaza: Retail Space Available

      Prime Pinellas County retail center; multiple suites available.
      0 Ulmerton Rd. & Seminole Blvd, Largo, FL 33771
      View Details
    • $12 SF/Yr
      32,000 SF

      Belcher Road Retail Spaces

      Three 1,000 SF retail units available
      1479 Belcher Rd, Largo, FL 33771
      View Details
    • Contact for pricing
      1,470 SF

      Retail Space in Largo Plaza

      Retail space available in a busy shopping center.
      10500 Ulmerton Rd, Largo, FL 33771
      View Details
    • $20 SF/Yr
      1,800 SF

      Retail Space on Ulmerton Road

      Retail space available in Largo with high visibility and access.
      7641 Ulmerton Rd, Largo, FL 33771
      View Details
    • $30 SF/Yr
      1,285 SF

      Retail Space in Belleair Bluffs

      Retail space with high visibility and easy access in Belleair.
      2790-2928 W Bay Dr, Belleair Bluffs, FL 33771
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Tri-City Plaza

      Newly redeveloped retail space in a premier shopping center.
      5110 East Bay Dr, Largo, FL 33771
      View Details
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    2535 Bay Dr
    Largo, FL 33771-2405
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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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