Renovated Mixed-Use
For Sale
$599,000
2050 W Bay Dr, Largo, FL 33770
Flexible commercial space combines an open interior, private rooms, kitchen facilities, and a paved outdoor area.
Property Size1,640 SF
Price / SF$365.24
Days on Market13
Property Features for 2050 W Bay Dr
General Information
Standard status
Active
Size
1,640 SF
Building Details
Year Built
1959
Listing Agency:
COLDWELL BANKER REALTY
(727) 432-9019
Listed By:
Martha Thorn · License #477603
Source:
Livewelltampabay
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 29 at 5:42PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,463
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $25,463 @ 7.0% cap · market cap 4.25%
Second Best
Mixed Use
$291.0K
$254.6K – $339.5K
NOI $20,369 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$426.6K
$373.3K – $497.7K
NOI $29,860 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
