Office Unit With Private
For Sale
$825,000
301 EAST LAKE WOODLANDS PARKWAY, Oldsmar, FL 34677
Condo office space with flexible work areas, a windowed conference room, reception, storage, and dedicated parking.
Property Size2,762 SF
Price / SF$298.70
Days on Market821
Property Features for 301 EAST LAKE WOODLANDS PARKWAY
General Information
Standard status
Active
Size
2,762 SF
Total Parking Spaces
5
Property subtype
Commercial/Industrial
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$7,927
Building Details
Year Built
2008
Listing Agency:
BHHS FLORIDA PROPERTIES GROUP
(813) 739-5700
Listed By:
Kristy Marcelle · License #3267955
(727) 239-9424
Source:
Exitrealty
Added: Jun 6, 2024
Changed: Sep 1
Last Checked: Sep 2 at 8:20PM
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 BHHS FLORIDA PROPERTIES GROUP
Investment Insights
Based on property information with market context.
This 2,762-square-foot condo office unit, built in 2008, combines a professional reception area with four private offices, a window-lined conference room, two restrooms, and multiple storage closets. The offices and conference room receive natural light and overlook landscaped surroundings. A sizeable central area provides room for workstations, cubicles, or collaborative use within the existing layout.
Five private parking spaces serve the property, providing designated parking for occupants and visitors. The office is located at 301 East Lake Woodlands Parkway in Oldsmar, within the East Lake Woodlands enclave.
Five private parking spaces serve the property, providing designated parking for occupants and visitors. The office is located at 301 East Lake Woodlands Parkway in Oldsmar, within the East Lake Woodlands enclave.
Key Highlights
- 2,762 SF condo office unit built in 2008
- Four private offices plus a windowed conference room
- Five private parking spaces included
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
$42,884
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
5.20%
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%
$857,680
$857.7K
Cap Rate 7%
$612,629
$612.6K
Cap Rate 9%
$476,489
$476.5K
Market Conditions
NOI Build-Up for 2,762 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
$71.9K $26.04/SF
− Vacancy
−$14.7K −$5.34/SF
EGI
$57.2K $20.70/SF
− OpEx
−$14.3K −$5.18/SF
NOI
$42.9K $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%
$857,680
Cap Rate 7%
$612,629
Cap Rate 9%
$476,489
Alternative Uses
Best Use
Office B
$612.6K
$536.1K – $714.7K
NOI $42,884 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$718.4K
$628.6K – $838.2K
NOI $50,289 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 34677, FL
22,524
Population
10,056
Households
2.2
Avg Household Size
46
Median Age
41%
College-Educated
95%
High-School Grad
12.7 sq mi
ZIP Area
1,774
Density / Sq Mi
$85,389
Median Household Income
$46,404
Median Earnings
$1,484
Median Rent
$352,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Condo office space with flexible work areas, a windowed conference room, reception, storage, and dedicated parking.
Where is this office units located?
The property is located at 301 EAST LAKE WOODLANDS PARKWAY Oldsmar, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2,762 SF condo office unit built in 2008; Four private offices plus a windowed conference room; Five private parking spaces included
