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    8515 126Th Ave N Largo, FL 33773
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    Property profile & analytics

    8515 126Th Ave N Largo, FL 33773

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    • Flex space
    • 96,000 SF
    • 12.69 lot acres
    For Lease
    $31,860,000
    View Listing →
    Largo Warehouse with Air Conditioning For Lease
    $31,860,000
    96,670 SF

    Largo Warehouse with Air Conditioning

    96,670 SF warehouse space available for immediate lease.

    8515 126th Ave N, Largo, FL 33773
    View Listing
    Property ID
    US18-2030174
    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.
    Value Estimations
    $31,860,000
    Cap Rate Potential
    2.4%
    Flex space
    Location Intelligence

    Current Use by Public Records

    • Flex space

    Property Details for 8515 126Th Ave N

    Year built
    2017
    Construction
    CONCRETE
    Lot size
    12.69 lot acres
    Property size
    96,000 SF
    Property type
    Flex space
    APN
    12-30-15-84742-000-0010
    APU
    123015847420000010

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $29,030,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $36,525,000
      Market price range: $10.3M - $36.5M
      AI Estimate
      $36,525,000
      Market price range: $10.3M - $36.5M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7574
    Latitude
    27.888
    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
    $457,624
    $0.00
    $0.00
    $23,875,000
    -
    $2,944,340
    $20,930,660
    $23,875,000

    Comparable in this City

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      $4,940,000
      35,000 SF

      6868 118th Ave

      LIGHT INDUSTRIAL • 35,000 SF
      6868 118th Ave, Largo, FL 33773-5301
      View Details
    • 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
      $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

    • Contact for pricing
      8,560 SF

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      8,560 SF flex/retail building, 100% occupied, excellent visibility.
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      Industrial Flex Space For Sale

      Industrial flex space with existing tenants and owner occupancy potential.
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      9,010 SF

      Largo Freestanding Office/Warehouse Facility

      9,010± SF office/warehouse in mid-Pinellas County, Florida.
      11715 87Th St, Largo, FL 33773
      View Details
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      Largo Freestanding Office/Warehouse Facility

      9,010 SF office/warehouse built in 2007 in mid-Pinellas County.
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    • Contact for pricing
      20,729 SF

      Functional Industrial Property in Largo

      20,729 SF industrial property on 3.67 acres for sale.
      12811 66Th St North, Largo, FL 33773
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

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      Flex R&D space available for lease in Largo, Florida.
      12955 Starkey Rd, Largo, FL 33773
      View Details
    • Contact for pricing

      Largo Warehouse with Office Space

      Warehouse with office, bathroom, and roll-up doors for lease.
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      View Details
    • $29 SF/Yr
      60,679 SF

      New Industrial Flex Space

      Divisible industrial/flex space in Largo, FL, under construction.
      9310 Ulmerton Rd, Largo, FL 33773
      View Details
    • Contact for pricing

      Largo Office/Warehouse with Street Frontage

      Freestanding office/warehouse with prominent frontage and convenient central Pinellas location.
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    • Contact for pricing

      7621 124th Avenue North, Largo, FL 33773

      Flex space
      7621 124Th Ave North, Largo, FL 33773
      View Details
    • $25,812

      New Industrial Bays Off Ulmerton

      New industrial bays in Largo, Florida, available for rent.
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      View Details
    View Listing
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    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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    8515 126Th Ave N, Largo, FL, 33773
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