Medical Office with Birthing
1900 E Bay Dr, Largo, FL 33771
For Sale
Contact for pricing
Turnkey medical office space with unique birthing suites.
Property Size4,875 SF
Price / SF$306.67
Days on Market241
Property Features for 1900 E Bay Dr
General Information
Standard status
Size
Class
Property subtype
Building Details
Year Built
Buildings
Stories
Listing Agency:
Berkshire Hathaway HomeServices Florida Properties Group
Listed By:
Renee Landes · License FL SL611957
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Jul 26 at 10:33AM
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 Berkshire Hathaway HomeServices Florida Properties Group
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Investment Insights
Based on property information with market context.
This property, constructed in 2007, presents a unique opportunity for investors and owner-users alike. The 4,875 square foot space features a medical floor plan that includes 5 private offices, 4 exam rooms equipped with plumbing, a laboratory area, a large conference/classroom, reception and waiting areas, and a kitchen/break area. A distinctive feature of the property is the inclusion of three private birthing suites, each with a full private bathroom and shower, and a private exit to an outside area. This makes the space suitable for women’s health providers, specialty medical practices, wellness clinics, or other healthcare users. The new owner will have access to 50% use of the monument signage on East Bay Drive. The property currently has a tenant in place, offering flexibility for future owner-user occupancy and the potential for immediate income. Located near Royal Palms and Heron House of Largo, both assisted living facilities, the property benefits from a strong demand for medical and healthcare services in the area. Situated within the East Bay medical corridor, the property offers convenient access to major thoroughfares, surrounding medical providers, and nearby residential communities, making it an attractive option for investors and medical owner-users seeking a turnkey facility in the Largo market.
Key Highlights
- Turnkey medical facility featuring a well‑designed medical floor plan, including offices, exam rooms with plumbing, lab, conference room, and kitchen.
- Three private birthing suites, each with a full private bathroom and private outside exit.
- Located in the East Bay medical corridor, near assisted living facilities, with convenient access to major thoroughfares.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,691
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,513,820
$1.5M
Cap Rate 7%
$1,081,300
$1.1M
Cap Rate 9%
$841,011
$841.0K
Market Conditions
NOI Build-Up for 4,875 SF
Gross rent
$126.9K $26.04/SF
− Vacancy
−$26.0K −$5.34/SF
EGI
$100.9K $20.70/SF
− OpEx
−$25.2K −$5.18/SF
NOI
$75.7K $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%
$1,513,820
Cap Rate 7%
$1,081,300
Cap Rate 9%
$841,011
Alternative Uses
Best Use
Office B
$1.08M
$946.1K – $1.26M
NOI $75,691 @ 7.0% cap · market cap 5.06%
Second Best
Healthcare Medical
$1.05M
$915.0K – $1.22M
NOI $73,196 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,762 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33771, FL
29,766
Population
16,898
Households
1.8
Avg Household Size
54
Median Age
25%
College-Educated
90%
High-School Grad
6.0 sq mi
ZIP Area
4,961
Density / Sq Mi
$60,139
Median Household Income
$40,417
Median Earnings
$1,379
Median Rent
$145,600
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Largo, FL
Properties on Market for Medical Office Space in Largo
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey medical office space with unique birthing suites.
Where is this medical office space located?
The property is located at 1900 E Bay Dr Largo, FL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Turnkey medical facility featuring a well‑designed medical floor plan, including offices, exam rooms with plumbing, lab, conference room, and kitchen.; Three private birthing suites, each with a full private bathroom and private outside exit.; Located in the East Bay medical corridor, near assisted living facilities, with convenient access to major thoroughfares.
