Standalone Two-Story
For Sale
$799,900
1200 8TH Avenue SW, Largo, FL 33770
Commercial Sale, LARGO, FL
Property Size3,951 SF
Lot Size1.00 Acre
Price / SF$202.46
Days on Market493
Property Features for 1200 8TH Avenue SW
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Dishwasher, Dryer, Refrigerator, Washer
Subdivision
PINECREST CLUBHOUSE COMM CONDO
Directions
From alt 19 head W on 8th ave, located across the street from the entrance of Taylor Park.
Standard status
Active
APN
33-29-15-69135-000-0010
Size
3,951 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2024
Tax Description
PINECREST CLUBHOUSE COMMERCIAL CONDO UNIT 1 PINECREST CLUBHOUSE COMMERCIAL CONDO UNIT 2
Tax Annual Amount
3159
Legal Description
PINECREST CLUBHOUSE COMMERCIAL CONDO UNIT 1 PINECREST CLUBHOUSE COMMERCIAL CONDO UNIT 2
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1959
Floors in Building
1
Building materials
Block
Listing Agency:
REK REALTY
(727) 584-0084
Listed By:
Adam Kimbrell · License #3312343
(727) 239-6751
Added: Apr 22, 2025
Changed: Aug 24
Last Checked: Aug 27 at 4:06PM
MLS# TB8377854
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 standalone restaurant property includes 3,951 square feet in a two-story block building. The restaurant and bar occupy the upper level, with indoor and outdoor dining areas, a commercial kitchen, and included equipment. The first floor contains leased office space, creating a mixed-use configuration within the building. Central air and public sewer serve the property, which was built in 1959.
Located at 1200 8th Avenue SW in Largo, the site is near Taylor Park and within minutes of the Gulf beaches. Prominent roadside signage supports the property’s commercial presence. The current restaurant operation is legally non-conforming under the City of Largo; continued restaurant use may maintain that status, while a change of use would likely require City approval.
Located at 1200 8th Avenue SW in Largo, the site is near Taylor Park and within minutes of the Gulf beaches. Prominent roadside signage supports the property’s commercial presence. The current restaurant operation is legally non-conforming under the City of Largo; continued restaurant use may maintain that status, while a change of use would likely require City approval.
Key Highlights
- 3,951‑square‑foot standalone restaurant building
- Two‑story block construction completed in 1959
- Upper‑level restaurant and bar with indoor and outdoor dining
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
$43,915
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
5.49%
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%
$878,300
$878.3K
Cap Rate 7%
$627,357
$627.4K
Cap Rate 9%
$487,944
$487.9K
Market Conditions
NOI Build-Up for 3,951 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
$61.6K $15.60/SF
− Vacancy
−$3.1K −$0.78/SF
EGI
$58.6K $14.82/SF
− OpEx
−$14.6K −$3.70/SF
NOI
$43.9K $11.11/SF
Area
Pinellas County, FL
Vacancy
5.00%
Lease Rate
$15.60 /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%
$878,300
Cap Rate 7%
$627,357
Cap Rate 9%
$487,944
Alternative Uses
Best Use
Specialty Retail
$627.4K
$548.9K – $731.9K
NOI $43,915 @ 7.0% cap · market cap 5.49%
Second Best
Industrial
$413.9K
$362.2K – $482.9K
NOI $28,976 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.03M
$899.2K – $1.20M
NOI $71,938 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Under-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Equipped dining and bar facility with indoor and outdoor seating, a commercial kitchen, and leased office space.
Where is this conventional restaurant located?
The property is located at 1200 8TH Avenue SW Largo, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 3,951‑square‑foot standalone restaurant building; Two‑story block construction completed in 1959; Upper‑level restaurant and bar with indoor and outdoor dining
