Building Details

Year Built 1959

Listing Agency: COLDWELL BANKER REALTY

Listed By: Martha Thorn · License #477603 Show Phone

Source: Livewelltampabay

Added: Aug 17 Changed: Sep 15 Last Checked: Oct 7 at 4:35PM

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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 COLDWELL BANKER REALTY

Investment Insights

Based on property information with market context.

Located at 2050 W Bay Dr in Largo, Florida, this 1,640-square-foot mixed-use property was built in 1959 and has been renovated for commercial occupancy. The interior uses an open layout with tile flooring, a central gathering area, multiple private rooms, updated bathrooms, and a kitchen equipped with a large island, cabinetry, and countertops. The room arrangement can accommodate office, consultation, treatment, studio, or retail-oriented configurations, subject to applicable requirements.

Commercial zoning supports a range of business uses. A fully paved backyard adds private exterior space for seating, gatherings, or employee breaks. The property is situated minutes from shopping destinations, restaurants, airports, and Gulf beaches, providing a broad coastal Florida setting for an owner-user or commercial operator.

Key Highlights

• 1,640 SF mixed‑use property at 2050 W Bay Dr, Largo, FL 33770
• Renovated interior with open‑concept layout and tile flooring
• Kitchen includes a large island, cabinetry, and quality countertops

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,463

Cap Rate

4.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$509,260 $509.3K

Cap Rate 7%

$363,757 $363.8K

Cap Rate 9%

$282,922 $282.9K

Market Conditions

NOI Build-Up for 1,640 SF

Gross rent

$42.7K $26.04/SF

− Vacancy

−$8.8K −$5.34/SF

EGI

$34.0K $20.70/SF

− OpEx

−$8.5K −$5.18/SF

NOI

$25.5K $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%

$509,260

Cap Rate 7%

$363,757

Cap Rate 9%

$282,922

Alternative Uses

Best Use

Office B

$363.8K

$318.3K – $424.4K (±1% cap)

NOI $25,463 @ 7.0% cap · market cap 4.25%

Second Best

Mixed Use

$291.0K

$254.6K – $339.5K (±1% cap)

NOI $20,369 @ 7.0% cap · market cap 3.40%

Theoretical Best

Office A

$426.6K

$373.3K – $497.7K (±1% cap)

NOI $29,860 @ 7.0% cap · market cap 4.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Adirondack Services HVAC Service Yes Fix Appliαnce Home Appliance Store Dr. Anit Garg Physician Florida Mermaid House ... Homestay Pamela Winfield Physician

Suggested Use

Top Pick Law Firm Daycare Center Spa & Massage Center Electrical Service Hair Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

835

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Flexible commercial space combines an open interior, private rooms, kitchen facilities, and a paved outdoor area.

Where is this mixed-use property located?

The property is located at 2050 W Bay Dr Largo, FL.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: 1,640 SF mixed‑use property at 2050 W Bay Dr, Largo, FL 33770; Renovated interior with open‑concept layout and tile flooring; Kitchen includes a large island, cabinetry, and quality countertops