Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Professional Office Space Title is generated by Realmo AI

    8258 118TH AVENUE #200/250, Largo, FL 33773

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $950,000

    5,000 SF office building in 118th Place Office Park.

    Type:Commercial
    Property size:
    5,000 SF
    Lot size:
    18.05 Acres
    Price / SF:
    $190/SF
    Added:
    Oct 12, 2025
    Days on Market:
    223
    Last Refresh:
    May 10 at 11:11 pm

    Property Features for 8258 118TH AVENUE #200/250

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    18.05 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    ARTHUR CAMPBELL

    Listing agent ARTHUR CAMPBELL License #3039920

    Listing office COLDWELL BANKER REALTY

    Listing date Oct 12, 2025

    Source Corcoran

    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 COLDWELL BANKER REALTY

    HighLights

    • Turnkey, Class A professional office space ready for immediate occupancy.
    • Located in the highly regarded 118th Place Office Park.
    • 5,000‑square‑foot single‑story building with Mediterranean architecture and modern systems.
    • Features seven private offices, eight premium cubicles, a large conference room, and a spacious breakroom.
    • Equipped with a whole‑building Generac generator for uninterrupted power.
    • Abundant parking with 25 surface spaces.

    Overview

    This 5,000-square-foot single-story professional office building is located in the 118th Place Office Park. The building combines Mediterranean architecture with modern systems and thoughtful design, making it suitable for corporate headquarters, medical or dental practices, legal offices, or technology firms. The interior layout features seven private offices, eight premium cubicles, a large conference room, a spacious breakroom, and both private and shared restrooms. Natural light fills every office, and accent lighting enhances the professional aesthetic. The property offers four entrances. A whole-building Generac generator provides uninterrupted power. The 15-foot ceiling height adds openness, while air conditioning, open-plan flexibility, and partitioned spaces create a versatile layout. The grounds include lush courtyards and Mediterranean-style architecture. Parking is abundant with 25 surface spaces available. The property is ready for immediate occupancy, offering an owner-user the chance to step into a Class A professional setting. It represents a well-located, high-quality office asset in a strong professional corridor.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $862.6K
    NOI $77,632 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.11M
    NOI $77,632 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.55M
    NOI $77,632 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $130.2k $26.04
    − Vacancy −$26.7k −$5.34
    EGI $103.5k $20.70
    − OpEx −$25.9k −$5.18
    NOI $77.6k $15.53
    5,000 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.11M
    $970.4K – $1.29M (±1% cap)
    NOI $77,632 @ 7.0% cap · market cap 8.17%
    Second Best
    Healthcare Medical
    $658.8K
    $576.5K – $768.6K (±1% cap)
    NOI $46,116 @ 7.0% cap · market cap 4.85%
    Theoretical Best
    Office A
    $1.30M
    $1.14M – $1.52M (±1% cap)
    NOI $91,038 @ 7.0% cap · market cap 9.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7535
    Latitude
    27.8783

    Nearby Similar for Sale

    • $1,785,000
      3,520 SF

      Mixed-Use Development Opportunity in Largo

      High-traffic location suitable for retail, medical, or flex development.
      191 BELCHER ROAD S, LARGO, FL 33771
      View Details
    • $799,000
      2,880 SF

      Income-Producing Largo Quadruplex

      Fully leased quadruplex in Largo with immediate income potential.
      122 WERTZ DRIVE, LARGO, FL 33771
      View Details
    • $560,000
      1,526 SF

      Renovated Professional Office in Largo

      Move-in ready office with functional layout and high visibility.
      12574 INDIAN ROCKS ROAD, LARGO, FL 33774
      View Details
    • $3,850,000
      20,547 SF

      Largo Office Building For Sale

      20,000 SF office building with strong cash flow.
      2700 E BAY DRIVE, LARGO, FL 33771
      View Details
    • $640,000
      2,660 SF

      Medical Office Duplex Near Hospital

      Medical office duplex near HCA Largo West Hospital.
      2101 INDIAN ROCKS ROAD S, LARGO, FL 33774
      View Details
    • $399,007
      2,151 SF

      Largo Triplex Income Property

      Income-producing triplex near transportation, shopping, and beaches in Largo, Florida.
      1705 N JEFFERSON AVENUE, LARGO, FL 33770
      View Details
    • $435,000
      1,718 SF

      Largo Duplex with Long-Term Tenants

      Well-maintained duplex with long-term tenants and separate utilities.
      118 LAKE AVENUE SE, LARGO, FL 33771
      View Details
    • $379,900
      1,650 SF

      Largo Duplex: Income Opportunity

      Income-generating duplex near Gulf beaches, ideal for house hacking.
      3760 135TH AVENUE, LARGO, FL 33771
      View Details
    • $890,000
      3,212 SF

      Free Standing Office Building

      3,212 SF office building on a 0.46-acre corner lot.
      550 E BAY Dr, Largo, FL 33770
      View Details
    • $495,999
      2,294 SF

      Largo Duplex Near Beaches

      Duplex in Largo near beaches, shopping, and Pinellas Trail.
      616 HERITAGE LANE, LARGO, FL 33770
      View Details
    • $548,900
      2,480 SF

      Lake Palms Duplex with Yard

      Well-maintained duplex in Largo's Lake Palms subdivision with private yard.
      2824 Meadow View Ave, Largo, FL 33771
      View Details
    • $400,000
      1,456 SF

      Largo Duplex with Long-Term Tenants

      Well-maintained duplex in Largo, Florida with long-term tenants.
      3025 BROOKVIEW AVENUE, LARGO, FL 33771
      View Details

    FAQs

    What type of property is this?
    Office building - 5,000 SF office building in 118th Place Office Park.
    Where is this office building located?
    The property is located at 8258 118TH AVENUE #200/250 Largo, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Turnkey, Class A professional office space ready for immediate occupancy.; Located in the highly regarded 118th Place Office Park.; **5,000‑square‑foot single‑story building with Mediterranean architecture and modern systems.**
    (727) 781-3700
    We can help!
    Listing Contact
    ARTHUR CAMPBELL
    Real Estate License ID: 3039920
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8258 118TH AVENUE #200/250, LARGO, FL 33773
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!