Bayview Pavilion Office Building — Sale in Clearwater, FL

  • Price: $18.8M
  • Listing type: For sale
  • Asset type: Office
  • Location: Clearwater, FL 33760
  • Size: 93,946 SF
  • Year built: 1998

Investment Figures

Price per square foot
$200

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

A three story, 93,946-square foot class A office building located in the Bayside submarket in Pinellas County. Building is constructed of white stucco, with green reflective glass.

Market Context

This office in Clearwater, FL is listed for sale at $18,800,000 across 93,946 SF ($200/SF). The building dates to 1998. It has been on the market for 191 days. Compare it against other office listings for sale in Clearwater, FL — view the full market.

As of Q1 2026, the Tampa office market showed an 18.2% vacancy rate, average asking rents near $29.00/SF/yr, rents up 18.7% year over year, and cap rates around 7.4%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

What is the typical cap rate for office in Tampa?
About 7.4% as of Q1 2026, per multiple brokerage reports.
Is the Tampa office market tightening or softening?
Vacancy is around 18.2%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$271.77/SF – $367.69/SF

Mid: $319.73/SF

Estimated total for 93,946 SF: $30,037,355 per year

Rate estimator only; cost-of-business estimate unavailable.

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