Largo Office Building For
2700 E BAY Dr Largo, FL 33771
2700 E BAY Dr, Largo, FL, 33771
$3,850,000
Pending
For Sale
$3,850,000
Pending
20,000 SF office building with strong cash flow.
Property Size20,000 SF
Lot Size0.92 Acres
Days on Market89
Property Features for 2700 E BAY Dr
General Information
- Standard status
- Pending
- Size
- 20,000 SF
- Lot size
- 0.92 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing agency
Smith & Associates Real Estate Tampa
(727) 282-1788
Listed by
Patrick Calhoon · License #512251
(727) 282-1788
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:28PM Checked: Jul 21 at 6:13AM
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 Smith & Associates Real Estate Tampa
Investment Insights
Based on property information with market context.
This 20,000 square foot office building is located on East Bay Drive in Largo. The property is suitable for investors or owner-users, offering current cash flow and the potential to fill existing vacancies. The location is attractive to professional office tenants, particularly those in the medical field. The building features recently replaced A/C units and a newer roof, reducing anticipated capital expenditures. Leases are full service, requiring minimal management. Situated on a 40,000 square foot corner lot, the property is in a non-flood zone and provides approximately 75 parking spaces. Monument signage and visibility are additional features of the property.
Key Highlights
- Strong current cash flow with upside potential from filling vacancies.
- Newer roof and recently replaced A/C units minimize anticipated capital expenditures.
- Located on busy East Bay Dr. with great visibility and monument signage.
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 | $520.8k | $26.04 |
| − Vacancy | −$106.8k | −$5.34 |
| EGI | $414.0k | $20.70 |
| − OpEx | −$103.5k | −$5.18 |
| NOI | $310.5k | $15.53 |
20,000 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.44M
$3.88M – $5.18M
NOI $310,527 @ 7.0% cap · market cap 8.07%
Second Best
Healthcare Medical
$2.64M
$2.31M – $3.07M
NOI $184,464 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$5.20M
$4.55M – $6.07M
NOI $364,151 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Kristie L. ...
Dental Office
Palms Professional Center
Medical Clinic
Rowe Orthodontics
Dental Office
Ross Kenneth E ...
Dental Office
Mid County Dental ...
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 20,000 SF office building with strong cash flow.
Where is this office building located?
The property is located at 2700 E BAY Dr Largo, FL.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Strong current cash flow with upside potential from filling vacancies.; Newer roof and recently replaced A/C units minimize anticipated capital expenditures.; Located on busy East Bay Dr. with great visibility and monument signage.
