Largo Office Building For
2700 E BAY DRIVE, Largo, FL 33771
For Sale
$3,850,000
Pending
20,000 SF office building on busy East Bay Drive.
Property Size20,547 SF
Lot Size0.92 Acres
Days on Market267
Property Features for 2700 E BAY DRIVE
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Building Details
Year Built
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(727) 282-1788
Listed By:
PATRICK CALHOON · License FL #259869
(727) 319-6874
Source:
Corcoran
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 8 at 6:10AM
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 SMITH & ASSOCIATES REAL ESTATE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 20,000 sq ft mol block office building is located on busy East Bay Dr. in Largo. The property offers a strong current cash flow with the potential to increase revenue by filling a couple of vacancies, making it suitable for investors or partial owner-users. The location is attractive to any professional office tenant, and the current tenancy is mostly medical related. Most of the A/C units have been recently replaced, and the roof is newer, reducing anticipated capital expenditures in the coming years. The leases are full service and require minimal management. The corner lot measures 40,000 sq ft and provides about 75 parking spaces. The property benefits from monument signage and good visibility. It is located in a non-flood zone.
Key Highlights
- Strong cash flow with upside potential, ideal for investors or owner‑users.
- Newer roof and recently replaced A/C units minimize anticipated capital expenditures.
- High visibility location on busy East Bay Dr. with monument signage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$319,020
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,380,400
$6.4M
Cap Rate 7%
$4,557,429
$4.6M
Cap Rate 9%
$3,544,667
$3.5M
Market Conditions
NOI Build-Up for 20,547 SF
Gross rent
$535.0K $26.04/SF
− Vacancy
−$109.7K −$5.34/SF
EGI
$425.4K $20.70/SF
− OpEx
−$106.3K −$5.18/SF
NOI
$319.0K $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%
$6,380,400
Cap Rate 7%
$4,557,429
Cap Rate 9%
$3,544,667
Alternative Uses
Best Use
Office B
$4.56M
$3.99M – $5.32M
NOI $319,020 @ 7.0% cap · market cap 8.29%
Second Best
Healthcare Medical
$4.41M
$3.86M – $5.14M
NOI $308,503 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$5.34M
$4.68M – $6.24M
NOI $374,111 @ 7.0% cap · market cap 9.72%
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
851
Businesses Nearby
Explore this area
Business Placement
Demographics for 33771, FL
29,766
Population
16,898
Households
1.8
Avg Household Size
54
Median Age
25%
College-Educated
90%
High-School Grad
6.0 sq mi
ZIP Area
4,961
Density / Sq Mi
$60,139
Median Household Income
$40,417
Median Earnings
$1,379
Median Rent
$145,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - 20,000 SF office building on busy East Bay Drive.
Where is this office building located?
The property is located at 2700 E BAY DRIVE Largo, FL.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Strong cash flow with upside potential, ideal for investors or owner‑users.; Newer roof and recently replaced A/C units minimize anticipated capital expenditures.; High visibility location on busy East Bay Dr. with monument signage.
