Office Building with Six
200 W BAY DRIVE, Largo, FL 33770
For Sale
$1,400,000
General Office zoning supports a flexible professional-use configuration with meeting, break, storage, and server areas.
Property Size3,456 SF
Lot Size0.23 Acres
Price / SF$405.09
Days on Market52
Property Features for 200 W BAY DRIVE
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
break room
two bathrooms
small attic space
storage / server room
six offices
conference room
Central air
Central Air Cooling
Building Details
Year Built
Buildings
Building Size
Listing Agency:
REALTY EXPERTS
(727) 888-1000
Listed By:
GRAHAM MUNCE · License #3242854
(727) 902-3394
Source:
Corcoran
Added: Sep 19
Changed: Nov 3
Last Checked: Nov 8 at 5:40AM
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 REALTY EXPERTS
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Investment Insights
Based on property information with market context.
This office building provides approximately 3,456 square feet of workspace within a 50' x 200' lot measuring approximately 10,000–10,041 square feet. The interior includes six offices, a conference room, break room, two bathrooms, a storage/server room, and a small attic area. The property was built in 1953 and is zoned General Office.
Recent capital improvements include a roof completed in March 2024, asphalt installed in August 2021, and an updated A/C system added in October 2023. Eight marked parking spaces and a handicap space are located behind the building, with room for three or four additional vehicles. A few street spaces are available at the front, and a public lot is located near the new city hall. The property address is 200 W BAY DRIVE, LARGO, FL 33770.
Recent capital improvements include a roof completed in March 2024, asphalt installed in August 2021, and an updated A/C system added in October 2023. Eight marked parking spaces and a handicap space are located behind the building, with room for three or four additional vehicles. A few street spaces are available at the front, and a public lot is located near the new city hall. The property address is 200 W BAY DRIVE, LARGO, FL 33770.
Key Highlights
- Approximately 3,456 square feet of office space on a 50' x 200' lot
- Six offices, conference room, break room, two bathrooms, storage/server room, and small attic
- General Office zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,659
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,073,180
$1.1M
Cap Rate 7%
$766,557
$766.6K
Cap Rate 9%
$596,211
$596.2K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$90.0K $26.04/SF
− Vacancy
−$18.4K −$5.34/SF
EGI
$71.5K $20.70/SF
− OpEx
−$17.9K −$5.18/SF
NOI
$53.7K $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%
$1,073,180
Cap Rate 7%
$766,557
Cap Rate 9%
$596,211
Alternative Uses
Best Use
Office B
$766.6K
$670.7K – $894.3K
NOI $53,659 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$898.9K
$786.6K – $1.05M
NOI $62,925 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,411
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
$245,200
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Pinellas County, FL
Properties on Market for Office buildings in Pinellas County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - General Office zoning supports a flexible professional-use configuration with meeting, break, storage, and server areas.
Where is this office building located?
The property is located at 200 W BAY DRIVE Largo, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 3,456 square feet of office space on a 50' x 200' lot; Six offices, conference room, break room, two bathrooms, storage/server room, and small attic; General Office zoning
