Corner Lot Retail
1400 W BAY Drive Largo, FL 33770
For Sale
$1,340,000
Pending
SINGLE_FAMILY - LARGO, FL
Property Size7,250 SF
Lot Size0.66 Acres
Days on Market284
Property Features for 1400 W BAY Drive
General Information
Property type
Residential
Property subtype
Retail
Standard status
Pending
APN
33-29-15-00000-130-1600
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PART OF NE 1/4 OF SEC 13-29-15 DESC FROM SW COR OF SW 1/4 OF NE 1/4 OF SEC "TH S89D31'49""E 416.27FT TH" "N00D47'32""E 33FT TH N00D" "47'32""E 10FT FOR POB TH" "N00D47'32""E 132.72FT TH" "S89D23'32""E 100FT TH S00D" "47'32""W 18.55FT TH S89D23'" "32" "E 117FT TH S00D47'32""W" "123.65FT TH N89D31'49""W" "207FT TH N44D22'09""W" 14.10FT TO POB
Tax Annual Amount
15075
Utilities
Cooling system
Central Air
Building Details
Year built
1971
Floors in Building
1
Building materials
Metal Frame
Roof type
Metal
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(727) 282-1788
Listed By:
Chris Calhoon · License #3293399
(727) 542-9933
Added: Oct 17, 2025
Changed: Jul 22
Last Checked: Jul 27 at 5:06PM
MLS# TB8439253
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 retail property features a 1971 metal building with fully air-conditioned space. It sits on a 28,678 square foot lit corner lot with 207 feet of frontage, providing a prominent presence for a commercial tenant.
The property is zoned CG for Commercial General. An ongoing business is currently operating on-site, but will be relocating upon sale. Showings are appointment only, and you should not disturb the employees.
The building encompasses 7,250 square feet and is being offered for sale as a functioning retail location with established operations in place until the relocation associated with the sale.
The property is zoned CG for Commercial General. An ongoing business is currently operating on-site, but will be relocating upon sale. Showings are appointment only, and you should not disturb the employees.
The building encompasses 7,250 square feet and is being offered for sale as a functioning retail location with established operations in place until the relocation associated with the sale.
Key Highlights
- 28,678 sq ft lit corner lot with 207 ft of frontage on West Bay Drive
- 1971 metal frame retail building totaling 7,250 sq ft
- Fully air conditioned with central air cooling
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 1971 metal retail building on a lit corner lot with 207 feet of frontage and fully air-conditioned interior space.
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: 28,678 sq ft lit corner lot with 207 ft of frontage on West Bay Drive; 1971 metal frame retail building totaling 7,250 sq ft; Fully air conditioned with central air cooling
