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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7995 114Th Ave Largo, FL 33773

    • Office buildings
    • 26,180 SF
    • 2.90 lot acres
    For Lease
    View listing
    Last Sale
    Sep 23, 2021
    $3,500,000
    Value Estimations
    $4,055,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4863525
    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

    • Mozzeria Food Truck / Mobile Caterer
    • Lincare / Medical Equipment Supplier

    Property Details for 7995 114Th Ave

    Year built
    1987
    Construction
    CONCRETE BLOCKS
    Lot size
    2.90 lot acres
    Property size
    26,180 SF
    Property type
    Office buildings
    APN
    13-30-15-70560-100-0301
    APU
    133015705601000301

    Description

    This exceptional 24,900-square-foot flex space in Largo, Florida, is now available for lease. Located at 7995 114th Ave, Pinellas County, this single-tenant property offers a versatile layout ideal for various businesses. The building boasts a 100% office finish, providing a professional and functional workspace. With a generous 14-foot clear height, the space offers ample room for storage and operations. The property includes a modern HVAC system covering 10% of the space, ensuring comfortable working conditions. Safety is prioritized with a fully sprinklered system throughout. Loading and unloading are efficient with one grade-level loading door. The property is equipped with robust 3-phase, 277/480-volt power, offering a substantial 800 amps capacity. This property is ready for immediate occupancy. The property is classified as industrial, with a flex subtype. The zip code is 33773. This is a fantastic opportunity to secure a well-appointed industrial space in a desirable Largo location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,306,000
      Market price range: $3.19M - $7.33M
      AI Estimate
      $4,306,000
      Market price range: $3.19M - $7.33M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,935,000
      Current use
      INDUSTRIAL (GENERAL)
      $6,505,000
      Change: +10% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,405,000
      Change: +8% Conversion: Easy
      WAREHOUSE, STORAGE
      $6,360,000
      Change: +7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,900,000
      Change: -17% Conversion: Difficult
      RETAIL STORES
      $4,860,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7494
    Latitude
    27.8765
    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
    $54,812
    $0.00
    $0.00
    $2,950,000
    -
    $121
    $2,949,879
    $2,950,000

    Comparable in this City

    • Value Estimation by Request
      924 SF

      12733 62nd St

      OFFICE BUILDING • 924 SF
      12733 62nd St, Largo, FL 33773-1840
      View Details
    • Value Estimation
      $700,000
      4,059 SF

      11250 66th St

      OFFICE BUILDING • 4,059 SF
      11250 66th St, Largo, FL 33773-5510
      View Details
    • Value Estimation
      $730,000
      3,000 SF

      11199 69th St

      OFFICE BUILDING • 3,000 SF
      11199 69th St, Largo, FL 33773-5504
      View Details
    • Value Estimation
      $890,000
      3,411 SF

      12885 62nd St

      OFFICE BUILDING • 3,411 SF
      12885 62nd St, Largo, FL 33773-1859
      View Details
    • Value Estimation
      $580,000
      2,816 SF

      11405 Starkey Rd

      PROFESSIONAL BUILDING • 2,816 SF
      11405 Starkey Rd, Largo, FL 33773-4738
      View Details
    • Value Estimation by Request

      13191 Starkey Rd

      Office buildings
      13191 Starkey Rd, Largo, FL 33773
      View Details

    Similar Nearby for Sale

    • $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
    • $1,495,000
      5,000 SF

      000 SF Class \""A\"" office space was built in 2007 by Harrod Properties and is a part of a multi-building office & warehouse condominium park called 118th Place. The Property was purchased in 2014 and completely remodeled sparing no expense. Key features include mediterranean style architecture

      luscious courtyards
      8258 118Th Ave, Largo, FL 33773
      View Details
    • $740,000
      3,550 SF

      Largo Office Condos: Prime Location

      3,550 SF Office Suites, High Visibility
      13191 Starkey Rd, 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
    • $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

    Similar Nearby for Lease

    • $22 SF/Yr
      37,000 SF

      Largo Commercial Space For Lease

      Centrally located commercial space suitable for office, medical, or retail.
      11350 66Th St, Largo, FL 33773
      View Details
    • $22 SF/Yr
      37,000 SF

      Largo Office, Retail, Medical Space

      Centrally located commercial space suitable for office, medical, or retail.
      11350 66Th St, Largo, FL 33773
      View Details
    • New
      $20,000 /Mo
      3,411 SF

      Pinellas Park Industrial Property For Lease

      2.12-acre industrial property with improvements and substantial yard in Pinellas Park.
      6751 118Th Ave, Largo, FL 33773
      View Details
    • Contact for pricing
      8,147 SF

      Largo Office Space For Lease

      8,147 SF Office Suites Available Now
      7935 114Th Ave, Largo, FL 33773
      View Details
    • $20 SF/Yr
      37,000 SF

      Move-in Ready Largo Office Space

      Commercial office and medical space available for lease in Largo.
      11350 66Th St, 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
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    7995 114Th Ave
    Largo, FL 33773
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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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