Office-Integrated Flex
New
For Sale
$899,000
8222 118TH 600, Largo, FL 33773
Conditioned warehouse and established office areas bring administrative and operational functions together in one commercial condominium.
Property Size4,609 SF
Price / SF$195.05
Days on Market2
Property Features for 8222 118TH 600
General Information
Standard status
Active
Size
4,609 SF
Property subtype
Industrial
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
Taxes and HOA fees
Annual Taxes
$11,588
Building Details
Building Size
4,609 SF
Year Built
2007
Listing Agency:
Charles Rutenberg Realty, Inc
Listed By:
Angela Julian PA · License #3301225
(727) 520-2157
Source:
Elliman
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:33AM
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
Investment Insights
Based on property information with market context.
This 4,609-square-foot flex condominium pairs finished office areas with a fully air-conditioned warehouse. The office portion includes a reception area, several private offices, a conference room, a kitchen, and restroom facilities. Warehouse features include an approximately 24-foot clear height, dock-high loading, ESFR sprinklers, and three-phase power with a 400V transformer. The building dates to 2007.
The property is at 8222 118th Avenue N, Unit 600, in Largo, Florida. Potential adaptations or business uses would require review of applicable zoning, association rules, licensing, permits, and governmental approvals; proposed visual concepts do not represent existing improvements.
The property is at 8222 118th Avenue N, Unit 600, in Largo, Florida. Potential adaptations or business uses would require review of applicable zoning, association rules, licensing, permits, and governmental approvals; proposed visual concepts do not represent existing improvements.
Key Highlights
- 4,609‑square‑foot commercial flex condominium
- Office layout includes reception, private offices, conference room, kitchen, and restrooms
- Fully air‑conditioned warehouse with approximately 24‑foot clear height
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
576
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Latin American Taste — Seminole, FL 33775, United States
Frequently Asked Questions
What type of property is this?
Flex space - Conditioned warehouse and established office areas bring administrative and operational functions together in one commercial condominium.
Where is this flex space located?
The property is located at 8222 118TH 600 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 commercial flex condominium; Office layout includes reception, private offices, conference room, kitchen, and restrooms; Fully air‑conditioned warehouse with approximately 24‑foot clear height
