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Property profile & analytics
FOR LEASE
Warehouses
8660 133Rd Ave N Largo, FL 33771
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-2050263
For Lease
$26,765,000
8660 133Rd Ave N, Largo, FL 33771
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2023
Total area
159,402 SF
Lot
8.15 ac (354,966 SF)
APN
12-30-15-85157-000-0010
UPID
US18-2050263
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
$20.65M
Comparable Approach
Comparable
$18.74M
Blend (final)
Blend
$26.77M
Owner & transaction history
Gratitude South LLC · 2 yrs held
Gratitude South LLC
since 2023
Last sale
$29.6M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$39.6M
+2.3%
Commercial (general)
$39.0M
+0.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,375,000
6.5%
$20,650,000
7%
$19,175,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$38,730,000
Current use
INDUSTRIAL (GENERAL)
$39,615,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$38,990,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$36,125,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$26.77M
Range $24.09M – $29.44M · ±10% · vs last sale $29.60M (Sep 29 2023)
Last sale anchor
$29.60M
Sep 29 2023
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
$168 / 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
$39,941
Tax year 2023
Assessed value
$2,112,054
Assessed 2023
Effective rate
1.89%
On assessed value
Land market value
$2,112,054
Total market value
$2,112,054
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2023
Cooling
NONE
Stories
1
Total area
159,402 SF
Lot
8.15 ac (354,966 SF)
APN
12-30-15-85157-000-0010
UPID
US18-2050263
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
WAREHOUSE, STORAGE Current
Est. value
$38.7M
INDUSTRIAL (GENERAL)
Est. value
$39.6M
COMMERCIAL (GENERAL)
Est. value
$39.0M
OFFICE BUILDING
Est. value
$36.1M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2023
Cooling
Yes
Stories
1
Lot
8.15 ac
Current owner
From public records · entity-resolved
Gratitude South LLC
Entity
Free & Clear · 2 yrs held
Mailing address
104 S CASCADE AVE STE #90, COLORADO SPRINGS, CO 80903-5101
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
$29,600,000
Gratitude South LLC
Starkey Lakes North LLC
Special Warranty Deed
—
Jan 30, 2023
—
Starkey Lakes North LLC
Starkey Lakes Ltd
Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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