12525 Walsingham RdLargo, FL 33774

Property Details for 12525 Walsingham Rd

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.93 AC

Property size (Sq ft)

10,440 SF

Property type

Office properties

Property subtype

Office buildings

APN

08-30-15-94806-000-0020

APU

83015948060000020

Description

This prime commercial property in Largo, Florida, presents a unique investment opportunity. Located at 12525 Walsingham Road, 33774, in Pinellas County, this mixed-use building offers 4,200 square feet of net rentable space in a 10,400 square foot building. The property sits on a 0.93-acre lot and boasts approximately 305 square feet of frontage on Walsingham Road, a major thoroughfare. The building comprises four units: three units of 1,800 square feet each and a larger unit of 5,000 square feet, making it ideal for an owner-user seeking additional rental income. Built in 1985, the property features a new roof installed in April 2022. Its exceptional location ensures high traffic visibility, making it an attractive proposition for a variety of businesses. The property has been under the same ownership for approximately 30 years, indicating its long-term stability and potential. This flexible space is perfect for a variety of uses. The asking price is $1,650,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,035,257

  6.5%

  $1,878,699

  7%

  $1,744,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,151,323

  Geo Method

  $1,151,323

• Alternative Use

  Use

  Valuation

  Residential

  $2,329,586

  Hospitality

  $2,133,888

  Educational

  $1,775,370

  Medical

  $1,836,428

  Retail

  $2,761,687

Location Insight

City

Largo

County

Pinellas

State

Florida

Latitude

27.8806

Longitude

-82.8123

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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