Corner Medical Office
2700 E Bay Drive LARGO Largo, FL 33771
2700 E Bay Drive LARGO, Largo, FL, 33771
$3,850,000
For Sale
$3,850,000
Freestanding office building with recent HVAC replacements, newer roof, and ample parking on a corner lot.
Property Size20,547 SF
Lot Size0.92 Acres
Price / SF$187.38
Days on Market10
Property Features for 2700 E Bay Drive LARGO
General Information
- Standard status
- Active
- Size
- 20,547 SF
- Lot size
- 0.92 Acres
Building Details
- Year Built
- 1975
Listing Agency
(904) 569-5862
Listed by
Kylee Shaw
(904) 569-5862
Source
Movetojacksonville
Added: Jul 7 Checked: Jul 16 at 2:57 am
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 Kylee Shaw
Investment Insights
Based on property information with market context.
This offering is a 20,000-sf, multi-tenant office building configured for medical and professional office use. The property is described as having a newer roof and most A/C units recently replaced, which may reduce near-term capital expenditure needs. Current leasing is full service, and the reporting indicates minimal day-to-day management requirements. The building sits on a corner lot with monument signage and visibility.
The property is located on busy East Bay Dr. in Largo and is positioned in a non-flood zone. The corner lot is approximately 40,000 sf and provides about 75 parking spaces, supporting convenient access for employees and patients.
For buyers, this can be a fit for an investor or a partial owner-user seeking an office asset with a majority of medical-related tenancy while still accommodating other professional office tenants. With full-service leases in place and substantial parking on site, the building is designed for day-to-day operations and recurring customer access.
The property is located on busy East Bay Dr. in Largo and is positioned in a non-flood zone. The corner lot is approximately 40,000 sf and provides about 75 parking spaces, supporting convenient access for employees and patients.
For buyers, this can be a fit for an investor or a partial owner-user seeking an office asset with a majority of medical-related tenancy while still accommodating other professional office tenants. With full-service leases in place and substantial parking on site, the building is designed for day-to-day operations and recurring customer access.
Key Highlights
- Freestanding 20,547 SF, 2‑story block office building (1 building total) built in 1975
- Corner lot on East Bay Dr with 40,000 SF (0.92 acres) lot dimensions 200 x 200
- About 75 parking spaces and main thoroughfare road frontage with monument signage
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 ...
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Mid County Dental ...
Dental Office
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FAQs
What type of property is this?
Office building - Freestanding office building with recent HVAC replacements, newer roof, and ample parking on a corner lot.
Where is this office building located?
The property is located at 2700 E Bay Drive LARGO 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: Freestanding 20,547 SF, 2‑story block office building (1 building total) built in 1975; Corner lot on East Bay Dr with 40,000 SF (0.92 acres) lot dimensions 200 x 200; About 75 parking spaces and main thoroughfare road frontage with monument signage
