Free Standing Office
For Sale
Contact for pricing
550 E Bay Dr, Largo, FL 33770
Freestanding office building with eight private offices, reception area, and parking on a corner lot with prominent signage.
Property Size3,212 SF
Lot Size0.46 Acres
Price / SF$245.95
Days on Market212
Property Features for 550 E Bay Dr
General Information
Standard status
Active
Size
3,212 SF
Lot size
0.46 Acres
Property subtype
OFFICE
Zoning
CG
Additional Details
Asking Price
$790,000
Road Access
Yes
Building Details
Buildings
1
Building Size
3,212 SF
Listing Agency:
Ross Realty Group, Inc.
(727) 639-3800
Listed By:
Elliott M. Ross, CCIM · License #BK416734
(727) 639-3800
Source:
Moodyscre
Added: Dec 31, 2025
Changed: Jul 29
Last Checked: Jul 29 at 3:15AM
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 Ross Realty Group, Inc.
Investment Insights
Based on property information with market context.
This free standing office building totals 3,212 SF and is configured with eight private offices, a reception area, additional office spaces, and a kitchen/break room. The interior also includes three restrooms and other office-related support areas. The property benefits from a layout suited for a general office use.
Located on a .46 acre corner lot with median cut, the building offers approximately 165 feet of frontage on East Bay Dr and about 117 feet of depth. The property is positioned at the corner of East Bay Drive and 6th Street NE and provides excellent signage and parking. An outfront media billboard is on site and generates rental income for the owner.
Zoned CG General Commercial for the City of Largo, the property is identified as Parcel ID 34-29-15-76536-001-0200. The former home of a long-established insurance company, it is also located near Largo Central Park.
Located on a .46 acre corner lot with median cut, the building offers approximately 165 feet of frontage on East Bay Dr and about 117 feet of depth. The property is positioned at the corner of East Bay Drive and 6th Street NE and provides excellent signage and parking. An outfront media billboard is on site and generates rental income for the owner.
Zoned CG General Commercial for the City of Largo, the property is identified as Parcel ID 34-29-15-76536-001-0200. The former home of a long-established insurance company, it is also located near Largo Central Park.
Key Highlights
- 3,212 SF freestanding office building on a 0.46‑acre corner lot at East Bay Dr. and 6th St NE
- Corner lot offers 165 ft frontage on East Bay Dr. and 117 ft depth, with median cut and parking
- Interior includes 8 private offices, reception and office areas, kitchen/break room, and 3 restrooms
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 | $83.6k | $26.04 |
| − Vacancy | −$17.1k | −$5.34 |
| EGI | $66.5k | $20.70 |
| − OpEx | −$16.6k | −$5.18 |
| NOI | $49.9k | $15.53 |
3,212 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$712.4K
$623.4K – $831.2K
NOI $49,871 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$835.5K
$731.0K – $974.7K
NOI $58,483 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,257
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building with eight private offices, reception area, and parking on a corner lot with prominent signage.
Where is this office building located?
The property is located at 550 E Bay Dr Largo, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 3,212 SF freestanding office building on a 0.46‑acre corner lot at East Bay Dr. and 6th St NE; Corner lot offers 165 ft frontage on East Bay Dr. and 117 ft depth, with median cut and parking; Interior includes 8 private offices, reception and office areas, kitchen/break room, and 3 restrooms
