Corner Office Condo Investment
300 State Street East Oldsmar, FL 34677
300 State Street East, Oldsmar, FL, 34677
$435,000
For Sale
$435,000
Class A office condo in Oldsmar, fully leased to national firm.
Property Size1,419 SF
Price / SF$306.55
Days on Market301
Property Features for 300 State Street East
General Information
- Standard status
- Active
- Size
- 1,419 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agency
RE/MAX
(727) 403-5611
Listed by
Mark Ganier · License #201
(727) 403-5611
Source
Remaxcommercial
Added: Sep 25, 2025 Updated: Jul 6 at 8:11AM Checked: Jul 21 at 2:56AM
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 RE/MAX
Investment Insights
Based on property information with market context.
This Class A corner office condo is located in the Galleria Professional Complex in Oldsmar. The property is fully leased to a national firm, generating revenue for the owner. It offers a low-maintenance investment opportunity with income secured for the next five years and beyond. The property size is 1419 square feet. The intended use of the property is for investment purposes. Financial information is available upon signing a non-disclosure agreement. To reach the property, driving East on Tampa Road (S.R. 580), turn right on St. Petersburg Drive E and go for 0.2 mi., then turn right on State Street.
Key Highlights
- Absolute Triple Net Investment: Low‑maintenance investment property.
- Fully Leased: Currently leased to a national firm.
- Secure Income: Generating excellent revenue with a lease extending five years and beyond.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.0k | $26.04 |
| − Vacancy | −$7.6k | −$5.34 |
| EGI | $29.4k | $20.70 |
| − OpEx | −$7.3k | −$5.18 |
| NOI | $22.0k | $15.53 |
1,419 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$314.7K
$275.4K – $367.2K
NOI $22,032 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.1K
$323.0K – $430.6K
NOI $25,837 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Don Hilario Coffee
Cafe & Coffee Shop
Coast to Coast Wellness ...
Spa & Massage Center
Alex Muir Visuals
Photography Service
Oldsmar Tap House ...
Bar & Pub
National Spine Institute
Physician
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FAQs
What type of property is this?
Office units - Class A office condo in Oldsmar, fully leased to national firm.
Where is this office units located?
The property is located at 300 State Street East Oldsmar, FL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Absolute Triple Net Investment: Low‑maintenance investment property.; Fully Leased: Currently leased to a national firm.; Secure Income: Generating excellent revenue with a lease extending five years and beyond.
