Renovated Office
New
For Sale
$549,000
710 1ST AVENUE SW, Largo, FL 33770
Nine private offices and a convertible conference room support a flexible commercial layout.
Property Size3,060 SF
Price / SF$174.29
Days on Market3
Property Features for 710 1ST AVENUE SW
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Office
Additional Details
Traffic Count
40,000 vehicles/day
Amenities
kitchen
storage areas
IT closet
private patio
Building Details
Year Built
1972
Buildings
1
Building Size
3,060 SF
Construction
block
Listing Agency:
VIEWPOINT REALTY INTERNATIONAL
(727) 584-7355
Listed By:
Anthony Maccaroni · License #3304442
(727) 641-0271
Source:
Dennisrealty
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 8:45PM
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 VIEWPOINT REALTY INTERNATIONAL
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Investment Insights
Based on property information with market context.
This renovated block-construction office building has nine private offices and a large conference room that can be divided to create two to three more offices. Three offices connect through interior doors. The interior also includes two bathrooms, storage areas, an IT closet, and a kitchen with appliances and granite countertops. Common areas have luxury vinyl plank flooring, while most offices have commercial carpet. A fenced paver patio sits at the rear, and the roof was replaced in 2018.
Near Clearwater-Largo Road and West Bay Drive, the property has exposure to a combined daily traffic count of approximately 40,000 vehicles. It offers access to St. Petersburg, Tampa, the Pinellas Beaches, and North Pinellas County.
Near Clearwater-Largo Road and West Bay Drive, the property has exposure to a combined daily traffic count of approximately 40,000 vehicles. It offers access to St. Petersburg, Tampa, the Pinellas Beaches, and North Pinellas County.
Key Highlights
- Nine private offices and a conference room configurable for two to three additional offices
- Three offices have connecting interior doors
- Kitchen with appliances and granite countertops; two bathrooms, storage, and an IT closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,908
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,160
$978.2K
Cap Rate 7%
$698,686
$698.7K
Cap Rate 9%
$543,422
$543.4K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$82.0K $26.04/SF
− Vacancy
−$16.8K −$5.34/SF
EGI
$65.2K $20.70/SF
− OpEx
−$16.3K −$5.18/SF
NOI
$48.9K $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 Rate 5%
$978,160
Cap Rate 7%
$698,686
Cap Rate 9%
$543,422
Alternative Uses
Best Use
Office B
$698.7K
$611.4K – $815.1K
NOI $48,908 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$819.3K
$716.9K – $955.9K
NOI $57,354 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
40,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
886
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Nine private offices and a convertible conference room support a flexible commercial layout.
Where is this office building located?
The property is located at 710 1ST AVENUE SW Largo, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Nine private offices and a conference room configurable for two to three additional offices; Three offices have connecting interior doors; Kitchen with appliances and granite countertops; two bathrooms, storage, and an IT closet
