Office Building with Updated
For Sale
$1,400,000
200 W BAY Drive, Largo, FL 33770
Commercial Sale, LARGO, FL
Property Size3,456 SF
Lot Size0.23 Acres
Price / SF$405.09
Days on Market52
Property Features for 200 W BAY Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
WHITEHURSTS EXT R J
Directions
In the downtown Largo area, parking lot on 1st behind building.
Standard status
Active
APN
34-29-15-97416-004-0060
Size
3,456 SF
Lot size
0.23 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Description
WHITEHURST'S EXT, R.J. BLK 4, LOT 6 TOGETHER WITH BLK 3, LOT 5
Tax Annual Amount
5791
Legal Description
WHITEHURST'S EXT, R.J. BLK 4, LOT 6 TOGETHER WITH BLK 3, LOT 5
Utilities
Cooling system
Central Air
Amenities
break room
bathrooms
attic space
storage/server room
conference room
Building Details
Year built
1953
Floors in Building
1
Building materials
Block
Buildings
1
Listing Agency:
REALTY EXPERTS
(727) 888-1000
Listed By:
Graham Munce · License #3242854
(727) 902-3394
Added: Sep 15
Changed: Nov 1
Last Checked: Nov 5 at 10:06PM
MLS# TB8548769
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,456-square-foot office building in Largo, Florida, was constructed in 1953 and has a block exterior with central air. The interior includes six offices, a conference room, break room, two bathrooms, storage, a server room, and a small attic area. General Office zoning supports the property’s current office configuration and potential owner-user or investment applications, subject to applicable approvals.
The building sits on a 0.23-acre lot measuring approximately 50' x 200'. A rear parking area provides eight marked spaces and one handicap space, with room for three or four additional vehicles. Capital improvements include a roof replacement completed in March 2024, asphalt installed in August 2021, and an updated A/C system added in October 2023. Showings are by appointment only.
The building sits on a 0.23-acre lot measuring approximately 50' x 200'. A rear parking area provides eight marked spaces and one handicap space, with room for three or four additional vehicles. Capital improvements include a roof replacement completed in March 2024, asphalt installed in August 2021, and an updated A/C system added in October 2023. Showings are by appointment only.
Key Highlights
- 3,456 square feet of office space on a 0.23‑acre lot
- Six offices, conference room, break room, two bathrooms, storage, and server room
- 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,411
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - General Office zoning supports a practical layout with private offices, conference space, storage, and on-site parking.
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: 3,456 square feet of office space on a 0.23‑acre lot; Six offices, conference room, break room, two bathrooms, storage, and server room; General Office zoning
