13644 Walsingham RdLargo, FL 33774

Property Details for 13644 Walsingham Rd

Year built

1980

Construction

CONCRETE BLOCKS

Lot size

2.27 AC

Property size (Sq ft)

6,924 SF

Property type

Office properties

Property subtype

Office buildings

APN

17-30-15-70632-200-0701

APU

173015706322000701

Description

This exceptional Largo, FL medical office building presents a compelling investment opportunity. The 16,394 square foot, two-story Class B building, situated on a 4.54-acre lot (2.27 acres front, 2.27 acres rear), is currently vacant and ready for immediate occupancy. Built in 1978 with renovations in 1985, including the addition of a second story and elevator, the property boasts enduring quality and structural integrity. The "I" zoning allows for versatile use, making it ideal for a variety of medical or office tenants. The single, well-appointed unit features numerous offices, exam rooms, and bathrooms. Its prime location in Largo offers convenient access to major thoroughfares, nearby amenities, and a thriving business community. The property's size and location also present a development opportunity for those seeking to expand or build new construction. The asking price is $4,500,000, translating to $274.49 per square foot. This move-in ready building represents a strong investment in a desirable location. The property's attractive features and strategic location make it a highly sought-after asset in the competitive Largo market. The large lot size offers significant potential for future expansion or redevelopment. This is a rare opportunity to acquire a substantial property in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,349,820

  6.5%

  $1,245,988

  7%

  $1,156,988

• Comparable approach

  Method

  Valuation

  Relative Method

  $763,579

  Geo Method

  $763,579

• Alternative Use

  Use

  Valuation

  Residential

  $1,545,024

  Hospitality

  $1,415,234

  Educational

  $1,177,458

  Medical

  $1,217,953

  Retail

  $1,831,602

Location Insight

City

Largo

County

Pinellas

State

Florida

Latitude

27.8798

Longitude

-82.8267

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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