Air-Conditioned Flex
New
For Sale
$899,000
8222 118TH Avenue Unit 600, Largo, FL 33773
Office and warehouse functions are combined within a single commercial unit.
Property Size4,609 SF
Price / SF$195.05
Days on Market5
Property Features for 8222 118TH Avenue Unit 600
General Information
Standard status
Active
Size
4,609 SF
Property subtype
Commercial
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
Building Details
Year Built
2007
Listing Agency:
CHARLES RUTENBERG REALTY INC
Listed By:
Angela Julian PA · License #3301225
(727) 520-2157
Source:
Realtygroupfl
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 7:45PM
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 CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
Built in 2007, this 4,609-square-foot flex condominium pairs a professional office area with warehouse space. The office configuration includes a reception area, private offices, a conference room, kitchen, and restroom. Air conditioning serves the property, including the warehouse portion.
Warehouse features include approximately 24-foot clear ceiling height, three-phase electrical service with a 400V transformer, ESFR sprinklers, and dock-high loading. The property is at 8222 118th Avenue, Unit 600, in Largo, Florida.
Warehouse features include approximately 24-foot clear ceiling height, three-phase electrical service with a 400V transformer, ESFR sprinklers, and dock-high loading. The property is at 8222 118th Avenue, Unit 600, in Largo, Florida.
Key Highlights
- 4,609‑square‑foot flex condominium
- Office area includes reception, private offices, conference room, kitchen, and restroom
- Approximately 24‑foot clear ceiling height in warehouse
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
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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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Moe's Southwest Grill — 11140 Starkey Rd, Largo, FL 33773
- Mozzeria Food Truck — 7995 114th Ave, Largo, FL 33773
- Sorrento Catering — 7935 114th Ave, Largo, FL 33773
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse functions are combined within a single commercial unit.
Where is this flex space located?
The property is located at 8222 118TH Avenue Unit 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 flex condominium; Office area includes reception, private offices, conference room, kitchen, and restroom; Approximately 24‑foot clear ceiling height in warehouse
