Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1400 W BAY DRIVE Largo, FL 33770

    View on Map
    Claim this Listing
    For Sale
    $1,340,000

    Retail - LARGO, FL

    Type:Retail
    Property size:
    7,250 SF
    Lot size:
    0.66 Acres
    Price / SF:
    $184/SF
    Added:
    Oct 17, 2025
    Days on Market:
    193
    Last Refresh:
    Apr 27 at 9:06 pm

    Property Features for 1400 W BAY DRIVE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    33-29-15-00000-130-1600
    Size
    7,250 SF
    Lot size
    0.66 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    15075

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1971
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Calhoon

    Listing agent Chris Calhoon License #3293399

    Listing office SMITH & ASSOCIATES REAL ESTATE 14581 Walsingham Road, Tampa, FL

    Listing date Oct 17, 2025

    MLS# TB8439253 Listing URL

    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.

    Overview

    Retail Property on West Bay

    This retail property is located on West Bay Drive. The property includes a 7,250 square foot, fully air-conditioned metal building constructed in 1971. It is situated on a 28,678 square foot lit corner lot with 207 feet of frontage. The zoning is CG for Commercial General. An ongoing business currently operates at the location and will relocate upon sale. The property is in Largo, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Richard F. ... Physician Dr. Richard F. ... Physician Lakeside Occupational Medical ... Medical Clinic Concentra Urgent Care Occupational Health Service Christine H. Bouchard, ... Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.803116
    Latitude
    27.917037

    Nearby Similar for Sale

    • $1,785,000
      3,520 SF

      Mixed-Use Development Opportunity in Largo

      High-traffic location suitable for retail, medical, or flex development.
      191 BELCHER ROAD S, LARGO, FL 33771
      View Details
    • $560,000
      1,526 SF

      Renovated Professional Office in Largo

      Move-in ready office with functional layout and high visibility.
      12574 INDIAN ROCKS ROAD, LARGO, FL 33774
      View Details
    • $3,850,000
      20,547 SF

      Largo Office Building For Sale

      20,000 SF office building with strong cash flow.
      2700 E BAY DRIVE, LARGO, FL 33771
      View Details
    • $640,000
      2,660 SF

      Medical Office Duplex Near Hospital

      Medical office duplex near HCA Largo West Hospital.
      2101 INDIAN ROCKS ROAD S, LARGO, FL 33774
      View Details
    • $950,000
      5,000 SF

      Class A Office Condos

      Turnkey professional office space in a highly regarded office park.
      8258 118TH AVENUE, LARGO, FL 33773
      View Details
    • $427,001
      2,151 SF

      Largo Triplex Income Property

      Income-producing triplex near transportation, shopping, and beaches in Largo, Florida.
      1705 N JEFFERSON AVENUE, LARGO, FL 33770
      View Details
    • $435,000
      1,718 SF

      Largo Duplex with Long-Term Tenants

      Well-maintained duplex with long-term tenants and separate utilities.
      118 LAKE AVENUE SE, LARGO, FL 33771
      View Details
    • $5,000,000

      Profitable Building Product Business Opportunity

      Patent-protected, high-margin building product business with national distribution.
      8002 118TH AVENUE N, LARGO, FL 33773
      View Details
    • $529,000
      2,685 SF

      Largo Quadruplex: Income Opportunity

      Impeccably maintained quadruplex in Largo, Florida, with income potential.
      370 3RD STREET NW, LARGO, FL 33770
      View Details
    • $514,900
      2,294 SF

      Largo Duplex Near Beaches

      Duplex in Largo, close to beaches, shopping, and Pinellas Trail.
      616 HERITAGE LANE, LARGO, FL 33770
      View Details
    • $695,000
      3,792 SF

      Largo Industrial Building For Sale

      Industrial building on highly traveled Walsingham Road, Largo, Florida.
      14286 WALSINGHAM RD, LARGO, FL 33774
      View Details
    • $400,000
      1,456 SF

      Largo Duplex with Long-Term Tenants

      Well-maintained Largo duplex with long-term tenants and recent upgrades.
      3025 BROOKVIEW AVENUE, LARGO, FL 33771
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail property on a corner lot with high frontage.
    Where is this retail space located?
    The property is located at 1400 W BAY DRIVE Largo, FL.
    What is the asking price?
    The asking price for this property is $1,340,000.
    What are key features of this property?
    This property features: Desirable West Bay Drive location.; Large 28,678 sq ft lit corner lot with 207 ft of frontage.; Zoned CG for Commercial General.
    (727) 542-9933
    We can help!
    Listing Contact
    Chris Calhoon
    Real Estate License ID: 3293399
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!