11701 Belcher RdLargo, FL 33773

  • Warehouses
  • 60,212 SF

Property Details for 11701 Belcher Rd

Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
6.45 AC
Property size (Sq ft)
60,212 SF
Property type
Warehouses
APN
18-30-16-69768-200-0800
APU
183016697682000800

Description

This Largo, Florida industrial flex building, located at 11701 S Belcher Rd, zip code 33773, offers 58,812 square feet of space in the Gateway/Mid-Pinellas submarket. Built in 1985, the single-story building features multiple tenancies with units ranging from a minimum of 1,329 square feet to a maximum contiguous space of 2,007 square feet. Three spaces are currently available. The property boasts a desirable location with direct frontage on Belcher Road, a major north-south thoroughfare in Pinellas County. Each unit includes a full glass-line of windows, maximizing natural light. An above-market parking ratio of 3.8 spaces per 1,000 square feet caters to both office and light industrial businesses requiring grade-level loading and ample customer parking. Under new ownership, the property is scheduled for immediate capital improvements, enhancing the landscaping and overall professional atmosphere. This flex space is ideal for a diverse range of businesses seeking a prime location in Pinellas County. The property is situated in the Gateway/Mid-Pinellas submarket and offers a unique blend of features not typically found in traditional single-story flex buildings.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $25,014,200
    6.5%
    $23,090,000
    7%
    $21,440,700
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,624,300
    Geo Method
    $10,624,300
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $12,053,100
    Mixed-Use / Specialty
    $12,177,800
    Hospitality / Lodging
    $9,152,630
    Office
    $12,280,000
    Institutional / Educational
    $12,719,900
    Residential Income
    $14,882,200
    Multifamily
    $16,919,800
    Automotive / Energy
    $10,902,700
    Parking / Income-Based Land
    $3,596,820
    Restaurant / Food Service
    $6,691,430
    Healthcare / Senior Housing
    $12,316,200

Location Insight

City
Largo
County
Pinellas
State
Florida
Latitude
27.8788
Longitude
-82.7446
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
$78,137
-
-
$4,090,000
-
$1,132,619
$2,957,381
$4,090,000

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