Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1631 Bay Dr Largo, FL 33770-3001
    Back to Search
    Property profile & analytics

    1631 Bay Dr Largo, FL 33770-3001

    View on Map
    • Office buildings
    • 2,480 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Mar 5, 2024
    Property ID
    US18-3633648
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community Veterinary Hospital / Veterinary Clinic
    • Paradise Pet Motel / Veterinary Clinic

    Property Details for 1631 Bay Dr

    Year built
    1972
    Construction
    CONCRETE BLOCKS
    Lot size
    0.21 lot acres
    Property size
    2,480 SF
    Property type
    Office buildings
    APN
    33-29-15-08874-000-0040
    APU
    332915088740000040

    Description

    This exceptional property at 1631 W Bay Dr offers versatile commercial space, ideal for a variety of professional uses. The main suite, approximately 2,400 square feet, is currently configured as a veterinary office, featuring multiple offices, a waiting area, reception area, kitchen, and bathroom. This layout is easily adaptable for other professional practices such as medical, dental, or legal offices. Alternatively, a smaller, 852 square foot space is also available, offering a blank canvas for customization. This space includes a bathroom and presents numerous possibilities for various businesses. The location boasts exceptional visibility, situated directly on West Bay Drive, a major East/West corridor in Pinellas County, between Indian Rocks Road and Clearwater Largo Road. Enjoy convenient access to the Gulf of Mexico, just 10 minutes away. The property benefits from prominent signage, including a large monument sign with a digital display for the larger suite and an additional pylon sign for other tenants, ensuring maximum exposure for your business. This single-tenant property presents a unique opportunity to establish a thriving business in a high-traffic, desirable location. The property type is listed as Retail and Office.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.8054
    Latitude
    27.9164
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,627
    $0.00
    $0.00
    $300,000
    -
    $126,459
    $173,541
    $300,000

    Comparable in this City

    • Value Estimation by Request
      3,061 SF

      405 Seminole Blvd

      OFFICE BUILDING • 3,061 SF
      405 Seminole Blvd, Largo, FL 33770-3620
      View Details
    • Value Estimation
      $6,795,000
      28,594 SF

      1225 Bay Dr

      PROFESSIONAL BUILDING • 28,594 SF
      1225 Bay Dr, Largo, FL 33770-2203
      View Details
    • Value Estimation
      $520,000
      2,767 SF

      2051 Bay Dr

      PROFESSIONAL BUILDING • 2,767 SF
      2051 Bay Dr, Largo, FL 33770-1924
      View Details
    • Value Estimation
      $735,000
      3,410 SF

      1395 Bay Dr

      PROFESSIONAL BUILDING • 3,410 SF
      1395 Bay Dr, Largo, FL 33770-2205
      View Details
    • Value Estimation
      $4,865,000
      21,503 SF

      100 Highland N Ave

      PROFESSIONAL BUILDING • 21,503 SF
      100 Highland N Ave, Largo, FL 33770-2542
      View Details
    • Value Estimation by Request
      396 SF

      305 Indian Rocks N Rd

      OFFICE BUILDING • 396 SF
      305 Indian Rocks N Rd, Belleair Bluffs, FL 33770-2012
      View Details

    Similar Nearby for Sale

    • $6,600,000
      75,000 SF

      Landmark Largo Office Building

      Eight-story office building in central Pinellas County.
      801 W Bay Dr, Largo, FL 33770
      View Details
    • $890,000

      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
    • $1,075,000
      3,304 SF

      Belleair Bluffs Leased Commercial Building

      Commercial building with three units currently leased in Belleair Bluffs.
      420 Indian Rocks Rd N, Belleair Bluffs, FL 33770
      View Details
    • $799,900
      1.00 Acre

      Turnkey Restaurant in Prime Location

      Unique commercial property with restaurant, bar, and office space.
      1200 8Th Ave SW, Largo, FL 33770
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Belleair Bluffs Freestanding Building

      Prominent building suitable for office or medical use.
      575 Indian Rocks Rd N, Belleair Bluffs, FL 33770
      View Details
    • $33,775
      49,692 SF

      Largo Commercial Space For Rent

      Commercial space available in Largo, Florida.
      2401 W Bay Dr, Largo, FL 33770
      View Details
    • Sponsored
      Contact for pricing

      FL, Largo - East Bay Dr

      Workspaces, services and support to help you work better in WI, Oshkosh - Ohio St
      300 Bay Dr, Largo, FL 33770
      View Details
    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.
    1631 Bay Dr
    Largo, FL 33770-3001
    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
    1631 Bay Dr, Largo, FL, 33770
    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!