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    Property profile & analytics

    7949 Ulmerton Rd Largo, FL 33771

    • Retail space
    • 2,736 SF
    • 0.11 lot acres
    For Sale
    View listing
    $549,900
    Last Sale
    Feb 19, 2024
    $485,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3207152
    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

    • 30 DAY POOLS / Swimming Pool Contractor

    Property Details for 7949 Ulmerton Rd

    Year built
    1957
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    2,736 SF
    Property type
    Retail space
    APN
    01-30-15-18126-001-0070
    APU
    13015181260010070

    Description

    This 2,736 sq ft mixed-use building in Largo, FL, is available for sale at $725,000. Located on busy Ulmerton Road (47,000+ vehicles daily), this renovated property boasts a new metal roof (50-year warranty), hurricane impact doors and windows, and updated interiors. The building features 1,800 sq ft of ground floor space suitable for retail, office, or showroom use, plus a 936 sq ft second floor with three offices accessible via a separate rear entrance, offering potential for separate leasing. Recent renovations include a new kitchen, flooring, and shower. The property sits on a 5-acre lot and is zoned for commercial use, offering flexibility for various business types. The building's excellent visibility and high traffic location provide significant exposure. A large-capacity electrical sign is also included. The property is vacant and ready for immediate occupancy. Built in 1957 and extensively renovated in 2023-2024, this Class B building presents a unique owner-user or investment opportunity. Showings are by appointment only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7488
    Latitude
    27.8947
    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
    $4,695
    $0.00
    $0.00
    $250,000
    -
    $99,847
    $150,153
    $250,000

    Comparable in this City

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    • Value Estimation by Request
      2,592 SF

      8015 Ulmerton Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,592 SF
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    • Value Estimation by Request
      1,792 SF

      2965 Bay Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,792 SF
      2965 Bay Dr, Largo, FL 33771-2636
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      13777 66th St

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
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      $1,845,000
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      2351 101st St

      RETAIL STORES (PERSONAL SERVICES) • 9,068 SF
      2351 101st St, Largo, FL 33771-3552
      View Details
    • Value Estimation by Request
      4,000 SF

      3405 Bay Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      3405 Bay Dr, Largo, FL 33771-1928
      View Details

    Similar Nearby for Sale

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      $549,900
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      Largo Mixed-Use Building For Sale

      2,736 SF mixed-use building with recent upgrades and high visibility.
      7949 Ulmerton Rd, Largo, FL 33771
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      Largo Commercial Property For Sale

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      Largo Mixed-Use Commercial Building

      Turn-key mixed-use commercial building in Largo, suitable for retail, office.
      7949 Ulmerton Rd, Largo, FL 33771
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      Largo Retail Center: High Growth Potential

      10,696 SF Retail Building, 1.41 Acres
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      Largo Duplex Investment Opportunity

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    Similar Nearby for Lease

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      2,100 SF

      Retail Space Available For Rent

      Retail space available for rent in Largo, Florida.
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    • $30 SF/Yr
      1,285 SF

      Retail Space in Belleair Bluffs

      Retail space with high visibility and easy access in Belleair.
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      Retail Space in Tri-City Plaza

      Newly redeveloped retail space in a premier shopping center.
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      Retail Space in Largo, Florida

      Retail spaces available in redeveloped shopping center anchored by Sprouts.
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      11,200 SF

      Retail Space Near Major Retailers

      Freestanding retail space shadow-anchored to future Sprouts and Badcock Furniture.
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      View Details
    • Contact for pricing

      Retail Space at Busy Intersection

      Retail spaces available in redeveloped shopping center with high traffic.
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      View Details
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    Largo, FL 33771
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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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