Flex Space with Office and
For Sale
$899,000
600-8222 118th Ave, Largo, FL 33773
The air-conditioned condominium combines a professional office layout with dock-high warehouse space.
Property Size4,609 SF
Price / SF$195.05
Days on Market19
Property Features for 600-8222 118th Ave
General Information
Standard status
Active
Size
4,609 SF
Warehouse & Industrial
Clear Height
24 ft
Voltage
400 V
Three-Phase Power
Yes
Sprinkler System
Yes
Conditioned Warehouse
Yes
Additional Details
Asking Price
$899,000
Property Use
Flex
Taxes and HOA fees
Annual Taxes
$11,588
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Angela Julian PA · License #3301225
(727) 520-2157
Source:
Exprealty
Added: Oct 10
Changed: Oct 26
Last Checked: Oct 26 at 7:22PM
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 CHARLES RUTENBERG REALTY INC
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Investment Insights
Based on property information with market context.
This 4,609-square-foot flex condominium pairs air-conditioned office and warehouse areas. The office portion includes reception, private offices, a conference room, kitchen and restrooms. Warehouse features include approximately 24-foot clear height, three-phase electrical service with a 400V transformer, ESFR sprinklers and dock-high loading.
The property is located at 600-8222 118th Ave in Largo, Florida. Any proposed use remains subject to applicable zoning, condominium association restrictions, licensing, permitting and governmental approvals.
The property is located at 600-8222 118th Ave in Largo, Florida. Any proposed use remains subject to applicable zoning, condominium association restrictions, licensing, permitting and governmental approvals.
Key Highlights
- 4,609‑square‑foot flex condominium
- Air‑conditioned office and warehouse areas
- Office buildout includes reception, private offices, conference room, kitchen and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,698
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,960
$834.0K
Cap Rate 7%
$595,686
$595.7K
Cap Rate 9%
$463,311
$463.3K
Market Conditions
NOI Build-Up for 4,609 SF
Gross rent
$68.0K $14.76/SF
− Vacancy
−$3.9K −$0.84/SF
EGI
$64.2K $13.92/SF
− OpEx
−$22.5K −$4.87/SF
NOI
$41.7K $9.05/SF
Area
Pinellas County, FL
Vacancy
5.70%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,960
Cap Rate 7%
$595,686
Cap Rate 9%
$463,311
Alternative Uses
Best Use
Flex RnD
$595.7K
$521.2K – $695.0K
NOI $41,698 @ 7.0% cap · market cap 4.64%
Second Best
Warehouse
$554.5K
$485.2K – $646.9K
NOI $38,814 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,919 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
24 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33773, FL
17,494
Population
8,353
Households
2.1
Avg Household Size
48
Median Age
31%
College-Educated
91%
High-School Grad
5.1 sq mi
ZIP Area
3,430
Density / Sq Mi
$74,115
Median Household Income
$46,759
Median Earnings
$1,567
Median Rent
$280,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Sweet Crime Inc — 10707 66th st n #1, pinellas park, fl 33782
Frequently Asked Questions
What type of property is this?
Flex space - The air-conditioned condominium combines a professional office layout with dock-high warehouse space.
Where is this flex space located?
The property is located at 600-8222 118th Ave Largo, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 4,609‑square‑foot flex condominium; Air‑conditioned office and warehouse areas; Office buildout includes reception, private offices, conference room, kitchen and restrooms
