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    621 Clearwater Largo N Rd Largo, FL 33770-2347
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    Property profile & analytics

    621 Clearwater Largo N Rd, Largo, FL 33770-2347

    View on Map
    • Retail space
    • 4,800 SF
    • 0.15 lot acres
    Off-Market
    Last Sale Sep 10, 2024
    Property ID
    US18-2438503
    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
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 621 Clearwater Largo N Rd

    Year built
    1956
    Construction
    CONCRETE BLOCKS
    Lot size
    0.15 lot acres
    Property type
    Retail space
    APN
    33-29-15-53316-010-0060
    APU
    332915533160100060

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 10, 2024 — 607 619 Clearwater Road LLC Pk Developments INC Warranty Deed —
    Nov 15, 2024 $2,000,000 607 609 Clearwater Road LLC Pk Developments INC Warranty Deed —
    Jun 29, 2022 — Pk Developments INC Odin Enterprises INC Warranty Deed —
    Jul 6, 2017 $155,000 Odin Ents INC Dickey,annisa S Warranty Deed $140k · Annisa S Dickey
    Oct 2, 2014 — Annisa S Dickey Dickey,william R Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $530,000
      Market price range: $530k - $1.39M
      AI Estimate
      $530,000
      Market price range: $530k - $1.39M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $875,000
      WAREHOUSE, STORAGE
      $870,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7967
    Latitude
    27.9229
    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
    $4,444
    $0.00
    $0.00
    $235,000
    -
    $95,052
    $139,948
    $235,000

    Comparable in this City

    • Value Estimation
      $1,140,000
      8,140 SF

      370 Clearwater Largo N Rd

      RETAIL STORES (PERSONAL SERVICES)
      370 Clearwater Largo N Rd, Largo, FL 33770-2335
      View Details
    • Value Estimation
      $1,500,000
      8,400 SF

      2620 Bay Dr

      RETAIL STORES (PERSONAL SERVICES)
      2620 Bay Dr, Belleair Bluffs, FL 33770-1937
      View Details
    • Value Estimation by Request
      728 SF

      440 Seminole Blvd

      RETAIL STORES (PERSONAL SERVICES)
      440 Seminole Blvd, Largo, FL 33770-3621
      View Details
    • Value Estimation
      $525,000
      4,760 SF

      1758 Missouri N Ave

      RETAIL STORES (PERSONAL SERVICES)
      1758 Missouri N Ave, Largo, FL 33770-1854
      View Details
    • Value Estimation
      $550,000
      5,000 SF

      607 Clearwater Largo N Rd

      RETAIL STORES (PERSONAL SERVICES)
      607 Clearwater Largo N Rd, Largo, FL 33770-2347
      View Details
    • Value Estimation by Request
      1,582 SF

      1488 Clearwater Largo N Rd

      RETAIL STORES (PERSONAL SERVICES)
      1488 Clearwater Largo N Rd, Largo, FL 33770-1120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,490 SF

      Retail Space Near the Beach

      Retail property with 14,490 square feet, close to beach.
      103 Indian Rocks Rd S, Belleair Bluffs, FL 33770
      View Details
    • Contact for pricing
      4,040 SF

      Belleair Bluffs Leased Commercial Building

      Commercial building with three leased units in Belleair Bluffs.
      420 Indian Rocks Rd N, Belleair Bluffs, FL 33770
      View Details
    • Contact for pricing

      Freestanding Retail Sublease Building

      Standalone retail building in Largo offers a sublease opportunity for tenants seeking their own independent footprint.
      100 Clearwater Largo Rd, Largo, FL 33770
      View Details
    • Contact for pricing
      13,195 SF

      Stabilized Retail Asset in Largo

      Fully occupied retail property with diversified tenants and recent improvements.
      351 W Bay Dr, Largo, FL 33770
      View Details
    • Contact for pricing

      Retail Property on West Bay

      Retail property on a corner lot with high visibility.
      1400 W Bay Dr, Largo, FL 33770
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,597 SF

      Retail Space on Missouri Avenue

      Retail space with high visibility and ample parking.
      615-621 Missouri Ave N, Largo, FL 33770
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Missouri Avenue

      Retail space with excellent visibility and frontage on Missouri Avenue.
      1300-1460 Missouri Ave N, Largo, FL 33770
      View Details
    • Contact for pricing
      4,950 SF

      Retail Space in Largo, Florida

      Grocery-anchored retail space available for lease in Largo, Florida.
      1121 Missouri Ave N, Largo, FL 33770
      View Details
    • Contact for pricing
      2,756 SF

      Horizon West Bay Retail Space

      New retail space in mixed-use development, Largo City Hall.
      400 W Bay Dr, Largo, FL 33770
      View Details
    • Contact for pricing

      Retail Space with High Ceilings

      Open retail space with high ceilings and ample parking.
      1025 West Bay Dr, Largo, FL 33770
      View Details
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    Largo, FL 33770-2347
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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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