Waterfront Office Building with Redevelopment
For Sale
Contact for pricing
11803 104th St, Largo, FL 33773
Renovated office building with lake access, redevelopment opportunity.
Property Size4,140 SF
Price / SF$507.25
Days on Market1662
Property Features for 11803 104th St
General Information
Standard status
Active
Size
4,140 SF
Property subtype
Multifamily
Zoning
R3
Building Details
Buildings
1
Stories
1
Listing Agency:
European Equities Corporation
Listed By:
Chris Niewiarowski · License #SL3305127
(727) 723-3771
Source:
Crexi
Added: Mar 21, 2022
Changed: Aug 15
Last Checked: Aug 14 at 6:00AM
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 European Equities Corporation
Investment Insights
Based on property information with market context.
This property features a 4,140 square foot newly renovated office building with a swimming pool. The property has waterfront and access to Lake Seminole. It is currently zoned R-3 Single family residential, but can be rezoned for single family homes or multi-family housing.
Key Highlights
- Waterfront property with access to Lake Seminole
- Newly renovated 4,140 sf building currently configured as office space
- Zoned R‑3 Single family residential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,279
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,285,580
$1.3M
Cap Rate 7%
$918,271
$918.3K
Cap Rate 9%
$714,211
$714.2K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$107.8K $26.04/SF
− Vacancy
−$22.1K −$5.34/SF
EGI
$85.7K $20.70/SF
− OpEx
−$21.4K −$5.18/SF
NOI
$64.3K $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 Rate 5%
$1,285,580
Cap Rate 7%
$918,271
Cap Rate 9%
$714,211
Alternative Uses
Best Use
Office B
$918.3K
$803.5K – $1.07M
NOI $64,279 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$942.2K – $1.26M
NOI $75,379 @ 7.0% cap · market cap 3.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office building with lake access, redevelopment opportunity.
Where is this office building located?
The property is located at 11803 104th St Largo, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Waterfront property with access to Lake Seminole; Newly renovated 4,140 sf building currently configured as office space; Zoned R‑3 Single family residential
