Retail Property on West
For Sale
$1,340,000
Pending
1400 W BAY DRIVE, Largo, FL 33770
Retail property on a corner lot with high visibility.
Property Size7,250 SF
Lot Size0.66 Acres
Days on Market288
Property Features for 1400 W BAY DRIVE
General Information
Standard status
Pending
Size
7,250 SF
Lot size
0.66 Acres
Property subtype
Commercial
Building Details
Year Built
1971
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(727) 282-1788
Listed By:
CHRIS CALHOON · License #3293399
Source:
Corcoran
Added: Oct 18, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:52AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Prime corner lot location on desirable West Bay Drive.
- Large 28,678 sq ft lot with 207 ft of frontage.
- Zoned CG for Commercial General use.
Financial Insights For Retail
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 | $108.8k | $15.00 |
| − Vacancy | −$7.1k | −$0.98 |
| EGI | $101.7k | $14.03 |
| − OpEx | −$30.5k | −$4.21 |
| NOI | $71.2k | $9.82 |
7,250 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.02M
$889.7K – $1.19M
NOI $71,177 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,005 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,963
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property on a corner lot with high visibility.
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: Prime corner lot location on desirable West Bay Drive.; Large 28,678 sq ft lot with 207 ft of frontage.; Zoned CG for Commercial General use.
