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Property profile & analytics
FOR LEASE
Flex space
8515 126Th Ave N Largo, FL 33773
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2030174
For Lease
1 / 3
$31,860,000
8515 126Th Ave N, Largo, FL 33773
View Listing →
Property summary
AI-generated overview
This exceptional Class A industrial property, built in 2020, offers 96,670 square feet of immediately available space in Pinellas County. The single-story building boasts a 30-foot clear height, 21 dock-high doors, and two drive-in doors, ensuring efficient loading and unloading. The expansive floor plan features 200' x 480' building dimensions with 40' x 40' column spacing. The property includes 1,328 square feet of air-conditioned office space, complemented by twelve 17.5-ton and one 6-ton rooftop units for climate control. High-powered electrical service (800A, 480V, 3-phase) is in place. Safety features include an ESFR sprinkler system and LED lighting throughout. This exceptional facility is perfect for manufacturing, warehousing, or distribution operations and is ready for immediate occupancy.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2017
Construction
CONCRETE
Total area
96,000 SF
Lot
12.69 ac (552,798 SF)
APN
12-30-15-84742-000-0010
UPID
US18-2030174
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$36.53M
Blend (final)
Blend
$31.86M
Owner & transaction history
Chatsmouth LLC · 5 yrs held
Chatsmouth LLC
since 2021
Last sale
$28.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$39.9M
+67.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Largo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Largo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$29,030,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$23,860,000
Current use
AUTO REPAIR, GARAGE
$39,940,000
Change: +67% · Conversion: Easy
COMMERCIAL (GENERAL)
$23,480,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$23,325,000
Change: -2% · Conversion: Easy
OFFICE BUILDING
$21,755,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$31.86M
Range $28.67M – $35.05M · ±10% · vs last sale $28.62M (Apr 29 2021)
Last sale anchor
$28.62M
Apr 29 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$332 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$457,624
Tax year 2023
Assessed value
$23,875,000
Assessed 2023
Previous assessed
$23,850,000
+0.1% YoY
Effective rate
1.92%
On assessed value
Land market value
$2,944,340
Improvement market value
$20,930,660
Total market value
$23,875,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2017
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
18
Total area
96,000 SF
Lot
12.69 ac (552,798 SF)
APN
12-30-15-84742-000-0010
UPID
US18-2030174
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$23.9M
AUTO REPAIR, GARAGE
Est. value
$39.9M
COMMERCIAL (GENERAL)
Est. value
$23.5M
WAREHOUSE, STORAGE
Est. value
$23.3M
OFFICE BUILDING
Est. value
$21.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
18
Lot
12.69 ac
Current owner
From public records · entity-resolved
Chatsmouth LLC
Entity
Mailing address
PO BOX 7966, PORTER RANCH, CA 91327-7966
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2021
$28,615,400
Chatsmouth LLC
Starkey Lakes III LLC
Special Warranty Deed
$15,730,000 · American Family Life Assurance Comp
Jan 13, 2017
—
Monin Starkey Lakes LLC
—
Deed
related
$6,480,000 · Pnc Bk
Jul 13, 2016
$1,900,000
Monin Starkey Lakes LLC
Starkey Lakes III Lllp
Grant Deed
related
—
Dec 5, 2014
$4,001,000
Lakes Starkey III
8546 126 Avenue N Holdings LLC
Grant Deed
$3,995,893 · Usameribank
Apr 25, 2000
$10,675,000
Sra/paradyne Ltd
Townsend Property Trust LP
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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