Back to Search
Medical Office Duplex with Parking

2101 INDIAN ROCKS Rd S Largo, FL 33774

2101 INDIAN ROCKS Rd S, Largo, FL, 33774
$599,000
For Sale
Claim this Listing
$599,000

Duplex medical office property with two private units and ample wrap-around parking for owner-occupancy or leasing.

Property Size2,738 SF
Lot Size0.40 Acres
Price / SF$218.77
AddedJul 5
Days on Market12
Last RefreshJul 14 at 10:54 pm

Property Features for 2101 INDIAN ROCKS Rd S

General Information

Standard status
Active
Size
2,738 SF
Lot size
0.40 Acres
Property subtype
Commercial

Building Details

Year Built
1957

Listing office FUTURE HOME REALTY INC

Listing date Jul 5, 2026

Source Elliman

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 FUTURE HOME REALTY INC


Investment Insights

Based on property information with market context.

This medical office duplex offers two separate, private units suited for owner-occupancy or for leasing out to different uses. The offering includes 2,738 square feet of medical office space on a 0.4-acre parcel, with ample wrap-around parking designed to support patient and staff access. The property also benefits from a new roof installed in 2025, along with additional green space on site.

The property is located on Indian Rocks Road, within 0.2 miles of HCA Largo West Hospital. Two nearly evenly split units are situated off Indian Rocks Road, providing convenient connectivity to major West Pinellas corridors including Alt-19, Walsingham Rd, and Gulf Blvd.

With City of Largo Residential/Office-General zoning, the duplex can support a range of office-oriented uses, making it a practical fit for medical practices looking to be close to a hospital campus, or for buyers who want the flexibility of operating in one unit while leasing the other.

Key Highlights

  • 2,738 SF medical office duplex built in 1957 with two separate, private units
  • 0.4‑acre parcel with ample wrap‑around parking plus 24 parking spaces and additional green space
  • New roof installed in 2025

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 $71.3k $26.04
− Vacancy −$14.6k −$5.34
EGI $56.7k $20.70
− OpEx −$14.2k −$5.18
NOI $42.5k $15.53
2,738 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$607.3K
$531.4K – $708.5K (±1% cap)
NOI $42,511 @ 7.0% cap · market cap 7.10%
Second Best
Healthcare Medical
$360.8K
$315.7K – $420.9K (±1% cap)
NOI $25,253 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$712.2K
$623.2K – $830.9K (±1% cap)
NOI $49,852 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Lisa C. Wolsey, ... Alternative Medicine Practice Gulf Coast Internist, ... Medical Clinic AAA Acu-Med Health ... Medical Clinic Kavita Rao M.D. Medical Clinic Kimberly A. Holtz, MS Marriage Or Relationship Counselor

Suggested Use

Law Firm Restaurant Hair Salon Auto Repair Shop Dental Office Nail Salon Building Supply HVAC Service Pharmacy Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Paradise Pet Motel — 1631 W Bay Dr, Largo, FL 33770, United States
  • Community Veterinary Hospital — 1631 W Bay Dr, Largo, FL 33770
  • Animal Hospital of West Bay — 2520 W Bay Dr, Largo, FL 33770
  • Bluffs Animal Hospital PA — 320 Indian Rocks Rd N, Belleair Bluffs, FL 33770

FAQs

What type of property is this?
Medical Office Space - Duplex medical office property with two private units and ample wrap-around parking for owner-occupancy or leasing.
Where is this medical office space located?
The property is located at 2101 INDIAN ROCKS Rd S Largo, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,738 SF medical office duplex built in 1957 with two separate, private units; 0.4‑acre parcel with ample wrap‑around parking plus 24 parking spaces and additional green space; New roof installed in 2025
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message