Largo Office Condo For
For Sale
$219,000
10333 SEMINOLE 6, Largo, FL 33778
Office condo with multiple offices, reception area, and kitchenette.
Property Size1,225 SF
Lot Size2.03 Acres
Days on Market165
Property Features for 10333 SEMINOLE 6
General Information
Standard status
Active
Size
1,225 SF
Lot size
2.03 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,891
Building Details
Building Size
1,225 SF
Year Built
1980
Stories
1
Listing Agency:
CENTURY 21 LISTSMART
(727) 580-3858
Listed By:
Faye Walters · License #3274301
(727) 580-3858
Source:
Elliman
Added: Mar 10
Changed: Aug 21
Last Checked: Aug 21 at 7:25AM
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 CENTURY 21 LISTSMART
Investment Insights
Based on property information with market context.
This office condo is located at a busy intersection in Largo/Seminole. The suite, currently used as a psychologist's office, features 4 or 5 offices, a reception/waiting area, and a small kitchenette. Furniture is negotiable or included. The HVAC and hot water heater are approximately 3 to 4 years old. The property is located in Flood Zone X and offers easy driving access from all over Pinellas. Mature landscaping surrounds the property, and ample parking is available within the small complex. The reasonable HOA fee covers exterior maintenance, pest control, water, and garbage service. This office space is suitable for various concepts and is surrounded by other businesses. The property is a condo.
Key Highlights
- Prime location at a busy intersection in Largo/Seminole with easy access from all over Pinellas.
- Versatile condo suitable for various office concepts, currently configured with 4/5 offices, reception/waiting area, and kitchenette.
- Reasonable HOA fee covering exterior maintenance, pest control, water, and garbage service.
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
$19,020
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
8.68%
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%
$380,400
$380.4K
Cap Rate 7%
$271,714
$271.7K
Cap Rate 9%
$211,333
$211.3K
Market Conditions
NOI Build-Up for 1,225 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
$31.9K $26.04/SF
− Vacancy
−$6.5K −$5.34/SF
EGI
$25.4K $20.70/SF
− OpEx
−$6.3K −$5.18/SF
NOI
$19.0K $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%
$380,400
Cap Rate 7%
$271,714
Cap Rate 9%
$211,333
Alternative Uses
Best Use
Office B
$271.7K
$237.8K – $317.0K
NOI $19,020 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.6K
$278.8K – $371.7K
NOI $22,304 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
646
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 - Office condo with multiple offices, reception area, and kitchenette.
Where is this office units located?
The property is located at 10333 SEMINOLE 6 Largo, FL.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Prime location at a busy intersection in Largo/Seminole with easy access from all over Pinellas.; Versatile condo suitable for various office concepts, currently configured with 4/5 offices, reception/waiting area, and kitchenette.; Reasonable HOA fee covering exterior maintenance, pest control, water, and garbage service.
