Property profile

6451 Ulmerton Rd Largo, FL 33771

OFF-MARKET
Warehouses
Property ID
US18-5506782
8,500 SF 1.16 ac lot Built 1984
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 15,300 square foot industrial property, situated on a 1.16-acre lot at 6451 Ulmerton Road in Largo, Florida, presents a compelling investment opportunity. Boasting a prime location with high visibility on Ulmerton Road, this property benefits from an average daily traffic count ranging from 32,000 to 52,000 vehicles (SR-688), ensuring significant exposure for any business. The property is zoned C-2, accommodating warehouse, industrial, and light manufacturing uses (specifically code 41), with a land use code of C-G and a property use code of 4105 (Garage/Workshop). Currently, the property comprises 16 individual units, each approximately 956 square feet, occupied by five long-term tenants under month-to-month leases. This provides a stable income stream and potential for future growth. The property's proximity to US Highway 19 North further enhances its accessibility and desirability. This is a rare chance to acquire a well-located, income-producing industrial property in a high-demand area. A non-disclosure agreement (NDA) and proof of funds (POF) are required. Please do not approach tenants.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1984
Construction CONCRETE BLOCKS
Total area 8,500 SF
Lot 1.16 ac (50,530 SF)
APN 05-30-16-70920-300-1005
UPID US18-5506782

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Landscaping
  • (Bike/Boat/Book/etc) Store
  • Hardware & Home Improvement Furniture & Home Goods
  • Auto Repair Shop
  • Auto Repair Shop

Location

6451 Ulmerton Rd Largo, FL 33771-4914
Largo metro Census 24514 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$1.55M

Owner & transaction history

6 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $2.1M +35.2%
Industrial (general) $1.9M +24.3%
Office building $1.8M +16.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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