Professional Office Condo with
For Sale
$230,000
1-10825 Seminole Blvd, Largo, FL 33770
Office condo offering three private offices, two bathrooms, and two reception areas within a maintained office complex.
Property Size1,125 SF
Price / SF$204.44
Days on Market66
Property Features for 1-10825 Seminole Blvd
General Information
Standard status
Active
Size
1,125 SF
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$2,606
Listing Agency:
DALTON WADE INC
(727) 331-0671
Listed By:
Rob Demarest · License #3368911
(727) 331-0671
Source:
Exprealty
Added: Jun 25
Changed: Aug 23
Last Checked: Aug 29 at 11:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DALTON WADE INC
Investment Insights
Based on property information with market context.
This professional office condo is located within The Clusters and is designed for client-facing operations. The interior layout includes three private offices, two bathrooms, and two separate reception areas, allowing for distinct workspaces and waiting areas. The configuration is flexible for day-to-day professional use with multiple departments, shared office arrangements, or a live reception and administrative setup.
The unit is positioned for visibility along Seminole Boulevard and provides easy access in the Largo area. It is situated in a well-maintained office complex with ample parking and strong frontage along a high-traffic corridor in Pinellas County.
As an owner-user option or for a business that needs multiple office and reception zones, this condo offers a practical floor plan within an established commercial setting.
The unit is positioned for visibility along Seminole Boulevard and provides easy access in the Largo area. It is situated in a well-maintained office complex with ample parking and strong frontage along a high-traffic corridor in Pinellas County.
As an owner-user option or for a business that needs multiple office and reception zones, this condo offers a practical floor plan within an established commercial setting.
Key Highlights
- Office condo in The Clusters with 3 private offices, 2 bathrooms, and 2 separate reception areas
- Flexible layout suited for multiple departments, shared office use, or a live reception and administrative setup
- Professional/medical/salon/service‑based use described for this adaptable commercial unit
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
3
Office units
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
Explore this area
Business Placement
Demographics for 33770, FL
25,475
Population
13,417
Households
1.9
Avg Household Size
50
Median Age
26%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$58,071
Median Household Income
$39,354
Median Earnings
$1,481
Median Rent
$245,200
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 - Office condo offering three private offices, two bathrooms, and two reception areas within a maintained office complex.
Where is this office units located?
The property is located at 1-10825 Seminole Blvd 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: Office condo in The Clusters with 3 private offices, 2 bathrooms, and 2 separate reception areas; Flexible layout suited for multiple departments, shared office use, or a live reception and administrative setup; Professional/medical/salon/service‑based use described for this adaptable commercial unit
