Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6270 118th Ave Largo, FL 33773-3726

    • Manufacturing properties
    • 6,150 SF
    • 1.73 lot acres
    OFF-MARKET
    Last Sale
    Jul 28, 2022
    $2,398,000
    Value Estimations
    $2,370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5595101
    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

    • Manufacturing properties

    Property Details for 6270 118th Ave

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    1.73 lot acres
    Property size
    6,150 SF
    Property type
    Manufacturing properties
    APN
    17-30-16-71046-200-1601
    APU
    173016710462001601

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,135,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,339,000
      Market price range: $659k - $2.34M
      AI Estimate
      $2,339,000
      Market price range: $659k - $2.34M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,530,000
      Current use
      RESTAURANT
      $3,485,000
      Change: +128% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,560,000
      Change: +67% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,505,000
      Change: -2% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,495,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7223
    Latitude
    27.8771
    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
    $37,434
    $0.00
    $0.00
    $1,850,000
    -
    $437,491
    $1,412,509
    $1,850,000

    Comparable in this City

    • Value Estimation
      $1,800,000
      8,640 SF

      12295 75th St

      MANUFACTURING (LIGHT) • 8,640 SF
      12295 75th St, Largo, FL 33773-3031
      View Details
    • Value Estimation
      $2,635,000
      11,964 SF

      11811 62nd St

      MANUFACTURING (LIGHT) • 11,964 SF
      11811 62nd St, Largo, FL 33773-3704
      View Details
    • Value Estimation
      $1,425,000
      3,750 SF

      8770 Somerset Dr

      PROCESSING PLANT (CEMENT, GRAVEL) • 3,750 SF
      8770 Somerset Dr, Largo, FL 33773-2722
      View Details
    • Value Estimation
      $2,460,000
      19,867 SF

      7133 123rd Cir

      MANUFACTURING (LIGHT) • 19,867 SF
      7133 123rd Cir, Largo, FL 33773-3037
      View Details
    • Value Estimation
      $1,900,000
      5,000 SF

      6166 126th Ave

      MANUFACTURING (LIGHT) • 5,000 SF
      6166 126th Ave, Largo, FL 33773-1854
      View Details
    • Value Estimation
      $2,340,000
      21,600 SF

      9100 130th Ave

      MANUFACTURING (LIGHT) • 21,600 SF
      9100 130th Ave, Largo, FL 33773
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • 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
    • $5,000,000
      35,512 SF

      Largo Warehouse: Prime Industrial Space

      35,512 SF Warehouse, $5M
      12388 Starkey Rd, Largo, FL 33773
      View Details
    • Contact for pricing
      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
    • $125,000

      Updated Mobile Home in Largo

      Updated 2-bedroom mobile home in 55+ community near beaches.
      11087 102Nd Way, Largo, FL 33773
      View Details
    • $149,500

      Upgraded Doublewide in Active Community

      Spectacular 2-bedroom, 2-bath doublewide with upgrades in 55+ community.
      11211 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
    • 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
    • $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
    • $63,000

      Industrial Space Available For Rent

      Industrial property available for lease in Largo, Florida.
      6537 116Th Ave, Largo, FL 33773
      View Details
    • Contact for pricing
      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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6270 118th Ave
    Largo, FL 33773-3726
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!