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

    8890 Ulmerton Rd Largo, FL 33771-3876

    • Grocery and convenience stores
    • 4,902 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $5,895,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3714046
    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

    • 7 Eleven / Grocery & Convenience Store
    • Amazon Locker - Lamp / Postal Service / Courier Service
    • Car Wash / Car Wash

    Property Details for 8890 Ulmerton Rd

    Year built
    2006
    Construction
    CONCRETE BLOCKS
    Lot size
    1.42 lot acres
    Property size
    4,902 SF
    Property type
    Grocery and convenience stores
    APN
    12-30-15-73528-000-0010
    APU
    123015735280000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,894,000
      Market price range: $3.06M - $8.19M
      AI Estimate
      $5,894,000
      Market price range: $3.06M - $8.19M

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7618
    Latitude
    27.8939
    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
    $34,986
    $0.00
    $0.00
    $1,850,000
    -
    $814,094
    $1,035,906
    $1,850,000

    Comparable in this City

    • Value Estimation
      $4,730,000
      2,940 SF

      6333 Ulmerton Rd

      CONVENIENCE STORE • 2,940 SF
      6333 Ulmerton Rd, Largo, FL 33771-4935
      View Details
    • Value Estimation
      $2,025,000
      2,400 SF

      6915 Ulmerton Rd

      CONVENIENCE STORE • 2,400 SF
      6915 Ulmerton Rd, Largo, FL 33771-4947
      View Details
    • Value Estimation
      $1,220,000
      1,950 SF

      1090 Belcher S Rd

      CONVENIENCE STORE • 1,950 SF
      1090 Belcher S Rd, Largo, FL 33771-3316
      View Details
    • Value Estimation
      $10,150,000
      63,408 SF

      3825 Bay Dr

      GROCERY, SUPERMARKET • 63,408 SF
      3825 Bay Dr, Largo, FL 33771-1936
      View Details
    • Value Estimation
      $16,595,000
      118,986 SF

      10500 Ulmerton Rd Ste, Unit 200

      GROCERY, SUPERMARKET • 118,986 SF
      10500 Ulmerton Rd Ste, Largo, FL 33771-3503
      View Details
    • Value Estimation
      $6,725,000
      5,928 SF

      1201 Bay Dr

      CONVENIENCE STORE • 5,928 SF
      1201 Bay Dr, Largo, FL 33771-1008
      View Details

    Similar Nearby for Sale

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      17,404 SF

      Largo Commercial Property For Sale

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      Largo Mixed-Use Building For Sale

      2,736 SF mixed-use building with recent upgrades and high visibility.
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      Largo Mixed-Use Commercial Building

      Turn-key mixed-use commercial building in Largo, suitable for retail, office.
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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

    • Contact for pricing

      Retail Space at Busy Intersection

      Retail spaces available in redeveloped shopping center with high traffic.
      East Bay Drive & Keene Rd, Largo, FL 33771
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space Available For Rent

      Retail space available for rent in Largo, Florida.
      3665 E Bay Dr, Largo, FL 33771
      View Details
    • $30 SF/Yr
      1,285 SF

      Retail Space in Belleair Bluffs

      Retail space with high visibility and easy access in Belleair.
      2790-2928 W Bay Dr, Belleair Bluffs, FL 33771
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Tri-City Plaza

      Newly redeveloped retail space in a premier shopping center.
      5110 East Bay Dr, Largo, FL 33771
      View Details
    • Contact for pricing
      15,323 SF

      Retail Space in Largo, Florida

      Retail spaces available in redeveloped shopping center anchored by Sprouts.
      2104-2178 East Bay Dr, Largo, FL 33771
      View Details
    • Contact for pricing
      11,200 SF

      Retail Space Near Major Retailers

      Freestanding retail space shadow-anchored to future Sprouts and Badcock Furniture.
      2390 E Bay Dr, Largo, FL 33771
      View Details
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    8890 Ulmerton Rd
    Largo, FL 33771-3876
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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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