Multi-Building Mixed-Use
For Sale
$1,099,000
1631-1661 W BAY Drive, Largo, FL 33770
Commercial Sale, LARGO, FL
Property Size5,730 SF
Lot Size0.52 Acres
Price / SF$191.80
Days on Market46
Property Features for 1631-1661 W BAY Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CG
Subdivision
BILTMORE ESTATES REP
Lot features
City Limits, Landscaped
Directions
From I-275S: Use the left lane to take the exit toward FL-690/Gateway Expy, Follow FL-690/Gateway Expy to US-19 N in Pinellas Park, Continue onto FL-690/Gateway Expy, Keep right to stay on FL-690/Gateway Expy, Follow US-19 N to E Bay Dr in Largo, Merge onto US-19 N, Use the right 2 lanes to take the exit toward FL-686/East Bay Dr/Roosevelt Blvd, Merge onto U.S. 19 Frontage Rd, Use the left 2 lanes to turn left toward FL-686 W/E Bay Dr, use any lane to turn slightly left onto FL-686 W/E Bay Dr, continue to follow E Bay Dr, Destination will be on the left.
Standard status
Active
APN
33-29-15-08874-000-0040
Size
5,730 SF
Lot size
0.52 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
BILTMORE ESTATES REPLAT LOT 4 BILTMORE ESTATES REPLAT E 92.53FT OF LOT 5
Tax Annual Amount
15380
Legal Description
BILTMORE ESTATES REPLAT LOT 4 BILTMORE ESTATES REPLAT E 92.53FT OF LOT 5
Utilities
Cooling system
Central Air
Building Details
Year built
1972
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Concrete
Roof type
Built-Up
Buildings
3
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Drew Moser
(727) 641-0151
Added: Sep 21
Changed: Oct 24
Last Checked: Nov 5 at 9:06PM
MLS# TB8549312
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.
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Investment Insights
Based on property information with market context.
This mixed-use commercial property includes three concrete buildings totaling approximately 5,730 square feet on 0.52 acres across two parcels. Built in 1972, the improvements include a former veterinary facility with reception and waiting areas, treatment rooms, a surgery room, and kennel areas; a separate building configured for pet grooming; and a third building with two retail spaces. Vinyl and tile flooring, central air, and built-up roofing are present across the property.
The site provides approximately 200 feet of frontage along West Bay Drive, with estimated traffic of 22,000–24,000 vehicles per day and access between Indian Rocks Road and Clearwater-Largo Road. Approximately 18 parking spaces serve the buildings, supplemented by monument and pylon signage. The property is currently 50% occupied by three tenants, and the two retail leases expire or are up for renewal at the end of January 2027. CG zoning supports a range of commercial uses subject to applicable approvals.
The site provides approximately 200 feet of frontage along West Bay Drive, with estimated traffic of 22,000–24,000 vehicles per day and access between Indian Rocks Road and Clearwater-Largo Road. Approximately 18 parking spaces serve the buildings, supplemented by monument and pylon signage. The property is currently 50% occupied by three tenants, and the two retail leases expire or are up for renewal at the end of January 2027. CG zoning supports a range of commercial uses subject to applicable approvals.
Key Highlights
- Three concrete buildings totaling 5,730+/- SF
- 0.52 acres across two parcels
- Approximately 200 feet of frontage on West Bay Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,966
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,320
$1.8M
Cap Rate 7%
$1,270,943
$1.3M
Cap Rate 9%
$988,511
$988.5K
Market Conditions
NOI Build-Up for 5,730 SF
Gross rent
$149.2K $26.04/SF
− Vacancy
−$30.6K −$5.34/SF
EGI
$118.6K $20.70/SF
− OpEx
−$29.7K −$5.18/SF
NOI
$89.0K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,320
Cap Rate 7%
$1,270,943
Cap Rate 9%
$988,511
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $88,966 @ 7.0% cap · market cap 8.10%
Second Best
Mixed Use
$1.02M
$889.6K – $1.19M
NOI $71,167 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,329 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
24,000 VPD
Traffic count
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,963
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three concrete buildings provide varied commercial configurations under CG zoning.
Where is this mixed-use property located?
The property is located at 1631-1661 W BAY Drive Largo, FL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Three concrete buildings totaling 5,730+/- SF; 0.52 acres across two parcels; Approximately 200 feet of frontage on West Bay Drive
