2600 E Bay Dr Largo, FL 33771
Property profile & analytics
2600 E Bay Dr, Largo, FL 33771
- Banks
- 17,404 SF
- 1.76 lot acres
Property ID
US18-8858100
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.
Location Intelligence
Current Use by Public Records
- Belleair Dental / Dental Office
- DGH Tax Consultants, Inc / Tax Preparation
- 360 Sales Consulting / Business Management Consultant / Business To Business Service
- Bank of America ATM (Drive-thru) / Financial Planner / Atm
- FedEx Drop Box / Postal Service / Courier Service
Property Details for 2600 E Bay Dr
- Year built
- 1975
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.76 lot acres
- Property type
- Banks
- APN
- 36-29-15-92743-000-0010
- APU
- 362915927430000010
Description
This exceptional mixed-use property, located at 2600 E Bay Dr in Largo, Florida (Pinellas County, zip code 33771), presents a compelling value-add investment opportunity. The 14,824 square foot, two-story building sits on a 2.76-acre lot and boasts a prominent Bank of America branch as its anchor tenant, occupying the entire first floor (8,213 square feet). Bank of America recently renewed its lease, extending its term through September 2029, with fifteen additional five-year renewal options and 10% rent bumps. The second floor (6,611 square feet) comprises five office suites and a storage area, currently leased to a mix of financial services and medical tenants on below-market gross leases. The property's strong location on East Bay Drive (60,093 ADT) offers excellent visibility and accessibility. Built in 1975 and renovated in 2000, the Class B property features a well-appointed lobby with a tenant directory and private elevator. The current occupancy rate is 86%, generating a Net Operating Income (NOI) of $118,147. A significant value-add opportunity exists through lease renewals on the second floor, projected to increase the Pro-Forma NOI to $158,321, representing a 25% growth in year two. The asking price is $1,800,000, reflecting a cap rate of 6.56% and a price per square foot of $121.42. The property is offered fee simple and features a triple net (NNN) lease structure. This investment offers a rare chance to acquire a value-add asset in the Tampa Bay MSA with a strong anchor tenant and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,303,000
- AI Estimate
- $4,303,000
Market price range: $4.30M - $12.6MMarket price range: $4.30M - $12.6M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Largo
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7602
- Latitude
- 27.9172
- 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
$34,324
$0.00
$0.00
$1,815,000
-
$832,379
$982,621
$1,815,000
