Block Office Building with
2700 E BAY DRIVE Largo, FL 33771
2700 E BAY DRIVE, Largo, FL, 33771
$3,850,000
Pending
For Sale
$3,850,000
Pending
Office - LARGO, FL
Property Size20,547 SF
Lot Size0.92 Acres
Days on Market151
Property Features for 2700 E BAY DRIVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Pending
- APN
- 36-29-15-00000-230-0700
- Size
- 20,547 SF
- Lot size
- 0.92 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 35178
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1975
- Building materials
- Block, Concrete, Stucco
- Architectural style
- Other
Listing Agency
SMITH & ASSOCIATES REAL ESTATE
(727) 282-1788
14581 Walsingham Road, Tampa, FL
Listed by
Patrick Calhoon · License #259869
(727) 282-1788
Added: Feb 17 Checked: Jul 18 at 3:06 am
MLS# TB8477422
Listing URL
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.
Investment Insights
Based on property information with market context.
This block office building totals about 20,000 square feet and is currently performing with strong cash flow. Most of the tenancy is medical-related, but the setting supports a broader range of professional office uses. The property is described as having had most A/C units recently replaced and a newer roof, helping reduce near-term capital expenditure expectations. Leases are full service and the offering notes minimal management needs.
The building sits on a corner lot in Largo, Florida, on busy East Bay Dr. It is positioned in a non-flood zone and includes monument signage and strong visibility. Parking is supported by approximately 75 spaces, and the property is presented as approximately 40,000 square feet in size.
For buyers seeking an investor or partial owner-user scenario, the current occupancy profile and stated upside from vacancies make this a practical acquisition. With medical-related office use already in place and flexible professional appeal, the property may fit ownership groups looking to manage stabilized operations while pursuing incremental leasing momentum.
The building sits on a corner lot in Largo, Florida, on busy East Bay Dr. It is positioned in a non-flood zone and includes monument signage and strong visibility. Parking is supported by approximately 75 spaces, and the property is presented as approximately 40,000 square feet in size.
For buyers seeking an investor or partial owner-user scenario, the current occupancy profile and stated upside from vacancies make this a practical acquisition. With medical-related office use already in place and flexible professional appeal, the property may fit ownership groups looking to manage stabilized operations while pursuing incremental leasing momentum.
Key Highlights
- Strong current cash flow with upside potential.
- Recently replaced A/C units and newer roof.
- Located in a non‑flood zone on a 40,000 sq ft corner lot with 75 parking spaces.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $535.0k | $26.04 |
| − Vacancy | −$109.7k | −$5.34 |
| EGI | $425.4k | $20.70 |
| − OpEx | −$106.3k | −$5.18 |
| NOI | $319.0k | $15.53 |
20,547 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
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
$2.71M
$2.37M – $3.16M
NOI $189,509 @ 7.0% cap · market cap 4.92%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Kristie L. ...
Dental Office
Palms Professional Center
Medical Clinic
Rowe Orthodontics
Dental Office
Ross Kenneth E ...
Dental Office
Mid County Dental ...
Dental Office
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FAQs
What type of property is this?
Office building - Busy corner office building with recent HVAC and roof updates, offering investor income and room to stabilize vacancies.
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 current cash flow with upside potential.; Recently replaced A/C units and newer roof.; Located in a non‑flood zone on a 40,000 sq ft corner lot with 75 parking spaces.
