Largo Medical/Office Condo For
1900 E Bay Drive, Largo, FL 33771
4,875 SF medical/office condo in East Bay Plaza.
Type:OFC, OFC-MED
Property size:
4,875 SFPrice / SF:
$306/SF- Added:
- Mar 26, 2026
- Days on Market:
- 60
- Last Refresh:
- Apr 3 at 4:53 am
Property Features for 1900 E Bay Drive
General Information
- Standard status
- Active
- Size
- 4,875 SF
- Property subtype
- OFC, OFC-MED
Building Details
- Year Built
- 2007
Listing agent Renee Landes (727) 569-2333
Listing office Berkshire Hathaway HomeServices FPG Commercial Division (727) 569-2333
Listing date Mar 26, 2026
Source Realnex
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 FPG Commercial Division
HighLights
- Three private birthing suites, each with a full bathroom and private outdoor exit, ideal for women's health or specialty practices.
- Opportunity for immediate income with existing tenant and flexibility for future owner‑user occupancy.
- Functional medical floor plan with 5 private offices, 4 plumbed exam rooms, lab area, conference/classroom, reception, waiting area, and kitchen/break area.
- Located in the East Bay medical corridor with convenient access to major thoroughfares, medical providers, and residential communities.
- Built in 2007 with quality medical improvements, offering a turnkey facility.
- Access to 50% use of monument signage on East Bay Drive.
Overview
Located within East Bay Plaza on East Bay Drive in Largo, this 4,875± SF medical/office condominium, built in 2007, presents an opportunity for investors and owner-users. The space features a medical floor plan including 5 private offices, 4 exam rooms with plumbing, a laboratory area, a large conference/classroom, reception and waiting areas, and a kitchen/break area. A notable feature is the inclusion of three private birthing suites, each with a full private bathroom with shower and an 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 has an existing tenant in place, offering flexibility for future owner-user occupancy and potential for immediate income. Situated near Royal Palms and Heron House of Largo, the property benefits from the demand for medical and healthcare services in the area. Positioned within the East Bay medical corridor, it offers access to major thoroughfares, surrounding medical providers, and nearby residential communities, making it a turnkey facility in the Largo market.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$841.0K
NOI $75,691 @ 9.00% cap · cautious / downside scenario
Moderate
$1.08M
NOI $75,691 @ 7.00% cap · market / base-case scenario
Aggressive
$1.51M
NOI $75,691 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.9k | $26.04 |
| − Vacancy | −$26.0k | −$5.34 |
| EGI | $100.9k | $20.70 |
| − OpEx | −$25.2k | −$5.18 |
| NOI | $75.7k | $15.53 |
4,875 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.08M
$946.1K – $1.26M
NOI $75,691 @ 7.0% cap · market cap 5.06%
Second Best
Healthcare Medical
$642.3K
$562.0K – $749.4K
NOI $44,963 @ 7.0% cap · market cap 3.01%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Christine Hilderbrandt, ARNP
Physician
Laci Spengler
Midwife
Ellen Hoppe
Midwife
Victoria D. Bennett, ...
Midwife
Cynthia Mccullough
Midwife
Similar Places Nearby
- East Bay Animal Hospital — 3445-A E Bay Dr, Largo, FL 33771
- Kelley Kevin M DVM — 3445 E Bay Dr STE A, Largo, FL 33771
- Coastal Animal Clinic — 1019 Highland Ave, Largo, FL 33770
Location Insight
- Map
- Local Demand
- City
- Largo
- County
- Pinellas
- State
- Florida
- Longitude
- -82.76811
- Latitude
- 27.917256
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - 4,875 SF medical/office condo in East Bay Plaza.
Where is this medical office space located?
The property is located at 1900 E Bay Drive 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: Three private birthing suites, each with a full bathroom and private outdoor exit, ideal for women's health or specialty practices.; Opportunity for immediate income with existing tenant and flexibility for future owner‑user occupancy.; Functional medical floor plan with 5 private offices, 4 plumbed exam rooms, lab area, conference/classroom, reception, waiting area, and kitchen/break area.
