Safety Harbor Office For
For Sale
$430,000
801 2ND STREET N C, Safety Harbor, FL 34695
Office space available in Safety Harbor, Florida.
Property Size1,202 SF
Price / SF$357.74
Days on Market191
Property Features for 801 2ND STREET N C
General Information
Standard status
Active
Size
1,202 SF
Zoning
1738
Taxes and HOA fees
Annual Taxes
$4,750
Amenities
Bathrooms, Common Lighting, Dumpsters, Kitchen Facility, Reception, Waiting Room
Curbs, Sidewalks
Central Air
Central, Electric
Lighted, Other
Building Details
Building Size
1,202 SF
Year Built
2007
Stories
1
Listing Agency:
(727) 647-2339
Listed By:
Tonya Vogt · License #662692
(727) 647-2339
Source:
Evrealestate
Added: Jan 31
Changed: Aug 8
Last Checked: Jul 16 at 1:41AM
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 Tonya Vogt
Investment Insights
Based on property information with market context.
Located in Safety Harbor, Florida, the Harbor Oaks Office Park complex is situated at the corner of 8th Avenue North and 2nd Street. The property contains office space. From Main Street in downtown Safety Harbor, at the Safety Harbor SPA & Main Street stop sign, turn west onto Main Street. Proceed eight blocks past City Hall, and in 1/2 block, turn right at 8th Avenue North. The property has a size of 1202 square feet.
Key Highlights
- Located in Pinellas County
- Built in 2007
- Enjoy the comfort of central air conditioning
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
$18,663
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
4.34%
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%
$373,260
$373.3K
Cap Rate 7%
$266,614
$266.6K
Cap Rate 9%
$207,367
$207.4K
Market Conditions
NOI Build-Up for 1,202 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
$31.3K $26.04/SF
− Vacancy
−$6.4K −$5.34/SF
EGI
$24.9K $20.70/SF
− OpEx
−$6.2K −$5.18/SF
NOI
$18.7K $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%
$373,260
Cap Rate 7%
$266,614
Cap Rate 9%
$207,367
Alternative Uses
Best Use
Office B
$266.6K
$233.3K – $311.1K
NOI $18,663 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.6K
$273.6K – $364.8K
NOI $21,885 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 34695, FL
17,927
Population
8,025
Households
2.2
Avg Household Size
52
Median Age
46%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
3,201
Density / Sq Mi
$96,138
Median Household Income
$53,436
Median Earnings
$1,680
Median Rent
$418,200
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 units - Office space available in Safety Harbor, Florida.
Where is this office units located?
The property is located at 801 2ND STREET N C Safety Harbor, FL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Located in Pinellas County; Built in 2007; Enjoy the comfort of central air conditioning
