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

    6215 118th Ave Largo, FL 33773-3727

    • Manufacturing properties
    • 5,592 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5399446
    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

    • Ultimate autos of Tampa Bay LLC / Car Dealership
    • Baker & Baker Vending, Inc. / Big Box & Wholesale Store

    Property Details for 6215 118th Ave

    Year built
    1994
    Construction
    FRAME
    Lot size
    0.32 lot acres
    Property size
    5,592 SF
    Property type
    Manufacturing properties
    APN
    08-30-16-70974-300-1405
    APU
    83016709743001405

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $786,000
      Market price range: $599k - $2.13M
      AI Estimate
      $786,000
      Market price range: $599k - $2.13M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,265,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7214
    Latitude
    27.8794
    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
    $7,887
    $0.00
    $0.00
    $430,000
    -
    $81,030
    $348,970
    $430,000

    Comparable in this City

    • Value Estimation
      $33,475,000
      268,520 SF

      8575 Largo Lks Dr

      MANUFACTURING (LIGHT) • 268,520 SF
      8575 Largo Lks Dr, Largo, FL 33773-4909
      View Details
    • Value Estimation
      $21,950,000
      149,936 SF

      8031 114th Ave

      MANUFACTURING (LIGHT) • 149,936 SF
      8031 114th Ave, Largo, FL 33773-5006
      View Details
    • Value Estimation
      $885,000
      6,380 SF

      8655 115th Ave

      MANUFACTURING (LIGHT) • 6,380 SF
      8655 115th Ave, Largo, FL 33773-4919
      View Details
    • Value Estimation
      $1,610,000
      15,050 SF

      7501 124th Ave

      MANUFACTURING (LIGHT) • 15,050 SF
      7501 124th Ave, Largo, FL 33773-3043
      View Details
    • Value Estimation
      $1,930,000
      15,568 SF

      7333 124th Ave

      MANUFACTURING (LIGHT) • 15,568 SF
      7333 124th Ave, Largo, FL 33773-3010
      View Details
    • Value Estimation
      $1,800,000
      16,800 SF

      8780 126th Ave

      MANUFACTURING (LIGHT) • 16,800 SF
      8780 126th Ave, Largo, FL 33773-1507
      View Details

    Similar Nearby for Sale

    • $4,500,000
      12,145 SF

      Largo Commercial Property with Warehouses

      2.34-acre commercial/light industrial property with four buildings and storage units.
      11455 66Th St, Largo, FL 33773
      View Details
    • $5,000,000
      35,512 SF

      Largo Warehouse: Prime Industrial Space

      35,512 SF Warehouse, $5M
      12388 Starkey Rd, Largo, FL 33773
      View Details
    • $3,233,500
      7,060 SF

      Industrial Flex Space For Sale

      Industrial flex space with existing tenants and owner occupancy potential.
      11838-11870 62Nd St, Largo, FL 33773
      View Details
    • Contact for pricing
      4.29 Acres

      Largo Industrial Land - 4.29 Acres

      Prime Pinellas County industrial site, E-1 zoning.
      0 114Th Ave, Largo, FL 33773
      View Details
    • $3,900,000
      25,260 SF

      Largo Bodyshop & Investment Opportunity

      Turnkey Bodyshop, Rental Income, Established Business
      6426 126Th Ave, Largo, FL 33773
      View Details
    • $1,500,000
      Pending

      Lakefront Land for Residential Development

      14.06 acres with lake frontage suitable for residential development.
      101St St, Largo, FL 33773
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      96,670 SF

      Prime Pinellas County Industrial Space

      96,670 SF Manufacturing/Warehouse Available
      8515 126Th Ave, Largo, FL 33773
      View Details
    • $9 SF/Yr
      35,512 SF

      Starkey Road Warehouse Space

      Industrial warehouse, multiple suites available.
      12388 Starkey Rd, Largo, FL 33773
      View Details
    • Contact for pricing
      24,900 SF

      Largo Flex Space - 24,900 SF

      Prime Largo industrial flex space for lease.
      7995 114Th Ave, Largo, FL 33773
      View Details
    • Contact for pricing
      87,128 SF

      Westbrook Corporate Center Warehouse Space

      Largo, FL Warehouse - 13,400 SF Available
      11401 Belcher Rd, Largo, FL 33773
      View Details
    • $16 SF/Yr
      4,300 SF

      Industrial Space Available For Lease

      Industrial property with 4,300 square feet available for lease.
      12890 Starkey Rd, Largo, FL 33773
      View Details
    • $63,000

      Industrial Space Available For Rent

      Industrial property available for lease in Largo, Florida.
      6537 116Th Ave, Largo, FL 33773
      View Details
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    6215 118th Ave
    Largo, FL 33773-3727
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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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