Sign Up Successful!
You now have access to more from Realmo!
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

    6868 118th Ave Largo, FL 33773-5301

    • Flex space
    • 35,000 SF
    • 4.65 lot acres
    OFF-MARKET
    Value Estimations
    $4,940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2282606
    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

    • The Parts House / Auto Parts Store

    Property Details for 6868 118th Ave

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    4.65 lot acres
    Property size
    35,000 SF
    Property type
    Flex space
    APN
    18-30-16-69768-100-0302
    APU
    183016697681000302

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,939,000
      Market price range: $3.75M - $13.3M
      AI Estimate
      $4,939,000
      Market price range: $3.75M - $13.3M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,930,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7345
    Latitude
    27.8784
    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
    $53,712
    $0.00
    $0.00
    $2,700,000
    -
    $960,104
    $1,739,896
    $2,700,000

    Comparable in this City

    • Value Estimation
      $15,165,000
      81,418 SF

      7935 114th Ave

      LIGHT INDUSTRIAL • 81,418 SF
      7935 114th Ave, Largo, FL 33773-5028
      View Details
    • Value Estimation
      $16,000,000
      101,871 SF

      8585 126th Ave

      LIGHT INDUSTRIAL • 101,871 SF
      8585 126th Ave, Largo, FL 33773-1502
      View Details
    • Value Estimation
      $31,860,000
      96,000 SF

      8515 126th Ave

      LIGHT INDUSTRIAL • 96,000 SF
      8515 126th Ave, Largo, FL 33773-1502
      View Details
    • Value Estimation
      $28,945,000
      104,540 SF

      12210 62nd St

      LIGHT INDUSTRIAL • 104,540 SF
      12210 62nd St, Largo, FL 33773-3745
      View Details
    • 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
      $2,395,000
      20,350 SF

      6709 114th Ave

      WAREHOUSE, STORAGE • 20,350 SF
      6709 114th Ave, Largo, FL 33773-5418
      View Details

    Similar Nearby for Sale

    • $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
    • $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
      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
    • $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
    • $740,000

      Largo Office Condos: Prime Location

      Two adjacent office condos, 3,550 SF
      13191 Starkey Rd, Largo, FL 33773
      View Details
    • $1,375,000
      5,000 SF

      Turnkey Professional Office in Largo

      5,000 SF office building in 118th Place Office Park.
      8258 118Th Ave, Largo, FL 33773
      View Details

    Similar Nearby for Lease

    • 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
    • $29 SF/Yr
      77,972 SF

      New Industrial Flex Space

      New divisible industrial/flex space on Ulmerton Road in Largo, FL.
      9310 Ulmerton Rd, Largo, FL 33773
      View Details
    • Contact for pricing
      12,000 SF

      Flex R&D Space Available

      Flex R&D space available for lease in Largo, Florida.
      12821 Starkey 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
      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
    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.
    6868 118th Ave
    Largo, FL 33773-5301
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.