Office Unit with Private
For Sale
$230,000
10825 SEMINOLE Boulevard, Largo, FL 33778
Commercial Sale, LARGO, FL
Property Size1,125 SF
Lot Size1.09 Acres
Price / SF$204.44
Days on Market66
Property Features for 10825 SEMINOLE Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CP
Subdivision
CLUSTERS AT SEMINOLE THE
Directions
Seminole Blvd, east into Clusters, building is the last on the right.
Standard status
Active
APN
15-30-15-16807-001-0010
Size
1,125 SF
Lot size
1.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CLUSTERS AT SEMINOLE, THE COMMERCIAL CONDO PHASE 1 BLDG A, UNIT 1
Tax Annual Amount
2606
Legal Description
CLUSTERS AT SEMINOLE, THE COMMERCIAL CONDO PHASE 1 BLDG A, UNIT 1
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
1
Flooring type
Linoleum
Building materials
Block
Roof type
Shingle
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Rob Demarest · License #3368911
(727) 331-0671
Added: Jun 25
Changed: Aug 22
Last Checked: Aug 29 at 9:06PM
MLS# TB8512549
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,125-square-foot office unit in Largo was built in 1983 with a block construction system, linoleum flooring, central heating, and central air conditioning. The interior includes three private offices, two bathrooms, and two distinct reception areas, supporting a range of professional, medical, salon, and service-oriented operations. Public water and public sewer serve the property, with phone service available.
The unit is located at 10825 Seminole Boulevard in Pinellas County, within a commercial complex and along Seminole Boulevard. The property carries CP zoning and includes a 1.09-acre lot size in the listing record. Its Largo address places it near Seminole and the surrounding Pinellas County markets, with access to area beaches noted in the property information.
The unit is located at 10825 Seminole Boulevard in Pinellas County, within a commercial complex and along Seminole Boulevard. The property carries CP zoning and includes a 1.09-acre lot size in the listing record. Its Largo address places it near Seminole and the surrounding Pinellas County markets, with access to area beaches noted in the property information.
Key Highlights
- 1,125‑square‑foot office unit in Largo
- Three private offices and two bathrooms
- Two separate reception areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,467
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$349,340
$349.3K
Cap Rate 7%
$249,529
$249.5K
Cap Rate 9%
$194,078
$194.1K
Market Conditions
NOI Build-Up for 1,125 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.3K $26.04/SF
− Vacancy
−$6.0K −$5.34/SF
EGI
$23.3K $20.70/SF
− OpEx
−$5.8K −$5.18/SF
NOI
$17.5K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$349,340
Cap Rate 7%
$249,529
Cap Rate 9%
$194,078
Alternative Uses
Best Use
Office B
$249.5K
$218.3K – $291.1K
NOI $17,467 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.6K
$256.0K – $341.4K
NOI $20,483 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Explore this area
Business Placement
Demographics for 33778, FL
15,068
Population
8,130
Households
1.9
Avg Household Size
51
Median Age
26%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
3,965
Density / Sq Mi
$63,633
Median Household Income
$40,198
Median Earnings
$1,697
Median Rent
$267,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional office configuration includes separate work areas and dual reception spaces in a central Largo commercial corridor.
Where is this office units located?
The property is located at 10825 SEMINOLE Boulevard Largo, FL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,125‑square‑foot office unit in Largo; Three private offices and two bathrooms; Two separate reception areas
