Multi-Tenant Office
36 Tropic Blvd W, Largo, FL 33770
For Sale
New
Contact for pricing
CG zoning and individually built-out suites support a range of office and service uses.
Property Size3,128 SF
Lot Size0.19 Acres
Price / SF$271.74
Days on Market4
Property Features for 36 Tropic Blvd W
General Information
Standard status
Size
Class
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Condition
Property Use
Amenities
professional suites
private bathroom
kitchenette
10-ft ceilings
24-hour access
building signage
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
John Burpee & Associates
Listed By:
John Burpee · License #FL cq1057398
(727) 235-1992
Source:
Crexi
Added: Nov 6
Changed: Nov 9
Last Checked: Nov 8 at 5:33PM
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 John Burpee & Associates
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Investment Insights
Based on property information with market context.
This 3,128-square-foot Class B office building occupies a 0.19-acre lot and is configured for multiple tenants. Suites range from approximately 540 to 1,100 square feet, each with a private bathroom, kitchenette, professional office finish and 10-foot ceilings. The building has 10 on-site parking spaces, 24-hour access and building signage. Some suites are available for immediate occupancy.
The property is in Largo, just off West Bay Drive in central Pinellas County. CG zoning supports professional, medical-adjacent, wellness, consulting, retail and service uses. The multi-suite layout can accommodate separate occupants or a user combining suites, while allowing other spaces to remain available for lease.
The property is in Largo, just off West Bay Drive in central Pinellas County. CG zoning supports professional, medical-adjacent, wellness, consulting, retail and service uses. The multi-suite layout can accommodate separate occupants or a user combining suites, while allowing other spaces to remain available for lease.
Key Highlights
- 3,128‑square‑foot Class B office building on a 0.19‑acre lot
- Suites range from approximately 540 to 1,100 square feet
- Each suite has a private bathroom, kitchenette, office finish and 10‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,566
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,320
$971.3K
Cap Rate 7%
$693,800
$693.8K
Cap Rate 9%
$539,622
$539.6K
Market Conditions
NOI Build-Up for 3,128 SF
Gross rent
$81.5K $26.04/SF
− Vacancy
−$16.7K −$5.34/SF
EGI
$64.8K $20.70/SF
− OpEx
−$16.2K −$5.18/SF
NOI
$48.6K $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%
$971,320
Cap Rate 7%
$693,800
Cap Rate 9%
$539,622
Alternative Uses
Best Use
Office B
$693.8K
$607.1K – $809.4K
NOI $48,566 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$813.6K
$711.9K – $949.2K
NOI $56,953 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,963
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
$245,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - CG zoning and individually built-out suites support a range of office and service uses.
Where is this office building located?
The property is located at 36 Tropic Blvd W Largo, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,128‑square‑foot Class B office building on a 0.19‑acre lot; Suites range from approximately 540 to 1,100 square feet; Each suite has a private bathroom, kitchenette, office finish and 10‑foot ceilings
