Air-Conditioned Flex
New
For Sale
$899,000
8222 118TH Avenue, Largo, FL 33773
Commercial Sale, LARGO, FL
Property Size4,609 SF
Lot Size18.05 Acres
Price / SF$195.05
Days on Market2
Property Features for 8222 118TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
E-1
Accessibility
Accessible Approach with Ramp
Subdivision
118TH PLACE CONDO
Lot features
Central Business District
Directions
Heading North on Belcher Rd, turn left onto 118th Ave N. Office park located about 1/2 mile down on the left. Turn right immediately into the parking lot in front of 8222. left-side end unit Suite 600
Standard status
Active
APN
13-30-15-63995-006-6000
Size
4,609 SF
Lot size
18.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
118TH PLACE CONDO BLDG 6, UNIT 600
Tax Annual Amount
11588
Legal Description
118TH PLACE CONDO BLDG 6, UNIT 600
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Flooring type
Concrete, Linoleum, Tile
Building materials
Concrete, Stucco
Roof type
Membrane
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Angela Julian PA · License #3301225
(727) 520-2157
Added: Oct 10
Changed: Oct 11
Last Checked: Oct 11 at 11:06PM
MLS# TB8556591
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,609-square-foot flex condominium combines a professional office buildout with warehouse space. The office area includes reception, private offices, a conference room, a kitchen, and restrooms. Central air conditioning serves the property, including the warehouse, which has approximately 24 feet of clear height, dock-high loading, three-phase power, and an ESFR sprinkler system. The building was constructed in 2007, and the property is zoned E-1.
Located at 8222 118th Avenue in Largo, the unit also has a 400V transformer, concrete flooring in portions of the space, and public water and sewer service. Proposed uses remain subject to applicable zoning, condominium association restrictions, licensing, permitting, and governmental approvals.
Located at 8222 118th Avenue in Largo, the unit also has a 400V transformer, concrete flooring in portions of the space, and public water and sewer service. Proposed uses remain subject to applicable zoning, condominium association restrictions, licensing, permitting, and governmental approvals.
Key Highlights
- 4,609‑square‑foot flex condominium at 8222 118th Avenue, Largo
- Office buildout includes reception, private offices, a conference room, kitchen, and restrooms
- Warehouse has approximately 24‑foot clear ceiling height and dock‑high loading
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.
Property Analytics
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Current Use
Lease Details
24 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas sit within one professionally configured commercial space.
Where is this flex space located?
The property is located at 8222 118TH Avenue 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 at 8222 118th Avenue, Largo; Office buildout includes reception, private offices, a conference room, kitchen, and restrooms; Warehouse has approximately 24‑foot clear ceiling height and dock‑high loading
