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For Sale
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6270 118Th Ave N, Largo, FL 33773
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Property summary
AI-generated overview
This exceptional investment opportunity presents a 23,980-square-foot industrial portfolio situated on a 1.73-acre lot in Largo, Florida (Pinellas Park submarket). The property, located at 6270 118th Ave N, zip code 33773, comprises four Class B buildings constructed in 1980 and extensively renovated in 2022. The complex features 43 multi-sized warehouse units, ranging from 325 to 1600 square feet, each equipped with 10-12 foot roll-up doors. Ceiling heights vary from 12 to 18 feet, providing ample storage and operational space. Small office spaces are also available within the complex. Shared bathroom facilities are on-site, and electricity is available to tenants. The property boasts a high occupancy rate with staggered annual leases, ensuring consistent cash flow. Its prime location offers excellent visibility from Bryan Dairy Road and convenient access from 118th Ave N. The asking price is $3,785,000, representing a compelling $157.84 per square foot and a 6.75% capitalization rate. The property is zoned M-1 and offers a price per unit of $88,023.26. This well-maintained, high-demand property presents a strong return on investment for discerning buyers. The property is in pristine condition.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Construction
STEEL FRAME
Total area
6,150 SF
Lot
1.73 ac (75,385 SF)
APN
17-30-16-71046-200-1601
UPID
US18-5595101
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$3.14M
Owner & transaction history
since 2022
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
Top alternative use upside
Restaurant
$3.5M
+127.9%
Auto repair, garage
$2.6M
+67.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.14M
Value range
$2.82M – $3.45M
±10% around blend
Estimated value / SF
$510 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
$2.82M
blend $3.14M
$3.45M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,150 SF
Lot area
1.73 ac
Year built
1980
Stories
1
APN
17-30-16-71046-200-1601
Assessed value
$1,850,000
Annual tax
$37,434
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.00M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.6 mi away · 6,739 SF
3.5 mi away · 6,534 SF
5.7 mi away · 5,750 SF
7.8 mi away · 6,528 SF
8.4 mi away · 7,860 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.14M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 39 sales
$249
+105%
Submarket 92 sales
$198
+158%
County 388 sales
$175
+191%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $510/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+128%
vs current-use indication
Auto Repair, Garage
Industrial (general) · current use
Commercial (general)
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.40M
Move the market yield to see immediate price impact.
Value / SF
$390
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$151k
$3.02M
$2.16M
$1.68M
$168k
$3.36M
$2.40M
$1.87M
$185k
$3.69M
$2.64M
$2.05M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$750k
0.5 mi · Nov 2025 · $121/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$37,434
Tax year 2023
Assessed value
$1,850,000
Assessed 2023
Previous assessed
$1,230,000
+50.4% YoY
Effective rate
2.02%
On assessed value
Land market value
$437,491
Improvement market value
$1,412,509
Total market value
$1,850,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Bathrooms
10
Total area
6,150 SF
Lot
1.73 ac (75,385 SF)
APN
17-30-16-71046-200-1601
UPID
US18-5595101
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
10
Lot
1.73 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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