Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5040 70TH AVENUE N Pinellas Park, FL 33781

    View on Map
    Claim this Listing
    Pending
    $259,995

    Land - PINELLAS PARK, FL

    Lot size:
    0.32 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    36
    Last Refresh:
    Apr 16 at 1:06 am

    Property Features for 5040 70TH AVENUE N

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    33-30-16-64782-000-0090
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1464.72

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steven Koleno
    Steven Koleno

    Listing agent Steven Koleno License #3469487

    Listing office BEYCOME OF FLORIDA LLC 400 NW 26th Street, Miami, FL

    Listing date Mar 12, 2026

    MLS# O6390487 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pinellas Park Development Site

    This double lot development site encompasses Orchid Lake Sub Lots 9 and 10 in Pinellas Park. The property is marketed strictly for land value and redevelopment. A distressed structure currently sits on the premises, which provides the site with active water, sewer, and electric meters already in place. This existing utility infrastructure provides a shovel-ready footprint with major utility connections already established. The current structure has an active roof leak and a block addition listed as Base Unfinished on county records. The property and all structures are sold completely As-Is. No repairs will be made and the site will not be cleared prior to closing. The property is being sold strictly as a single package (Lots 9 and 10 combined), and the seller will not subdivide or replat lots prior to closing. The lot size is 0.32 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Pinellas Park
    County
    Pinellas
    State
    Florida
    Longitude
    -82.702336
    Latitude
    27.835295

    Nearby Similar for Sale

    • $1,750,000
      6,400 SF

      Pinellas Park Retail Opportunity

      Highly visible retail property with income potential in Pinellas Park.
      8625 66TH STREET N, PINELLAS PARK, FL 33782
      View Details
    • $899,000
      4,832 SF

      Pinellas Park Commercial Property For Sale

      6,960 SF commercial property on corner lot near I-275.
      6401 35TH STREET N, PINELLAS PARK, FL 33781
      View Details
    • $499,000
      1,600 SF

      Pinellas Park Duplex Opportunity

      Charming duplex with modern upgrades on a corner lot.
      7101 59TH STREET N, PINELLAS PARK, FL 33781
      View Details
    • $185,000

      Residential Land in Pinellas Park

      Cleared, level lots suitable for building in Pinellas Park.
      7030 62ND STREET N, PINELLAS PARK, FL 33781
      View Details
    • $1,295,000
      3,075 SF

      Established Restaurant Business Opportunity

      Turn-key Italian restaurant with building and land for sale.
      7201 66TH N STREET, PINELLAS PARK, FL 33781
      View Details
    • $500,000
      1,160 SF

      High-Visibility Retail/Office Building

      Stand-alone building with drive-thru potential on Park Boulevard.
      4980 PARK N BOULEVARD, PINELLAS PARK, FL 33781
      View Details
    • $649,000

      Corner Lot on Park Boulevard

      Cleared corner lot ready for development with high traffic exposure.
      7900 PARK Blvd N, Pinellas Park, FL 33781
      View Details
    • $899,000
      4,832 SF

      Pinellas Park Commercial Property For Sale

      6,960 SF commercial property on corner lot near I-275.
      6401 35TH STREET N, PINELLAS PARK, FL 33781
      View Details
    • $500,000
      1,160 SF

      High-Visibility Retail Building with Drive-Thru

      Stand-alone retail building with drive-thru potential on a high-traffic intersection.
      4980 PARK BOULEVARD N, PINELLAS PARK, FL 33781
      View Details
    • $500,000
      1,160 SF

      High-Visibility Retail Building with Drive-Thru

      Stand-alone retail building with high traffic and drive-thru potential.
      4980 PARK BOULEVARD N, PINELLAS PARK, FL 33781
      View Details
    • $325,000
      1,262 SF

      Pinellas Park Mixed-Use Opportunity

      Mixed-use property in high-demand Pinellas Park location.
      4861 81ST AVENUE, PINELLAS PARK, FL 33781
      View Details
    • $1,500,000
      4,785 SF

      Established Restaurant in Pinellas Park

      Well-established restaurant in Pinellas Park with high traffic.
      8150 49TH N STREET, PINELLAS PARK, FL 33781
      View Details

    FAQs

    What type of property is this?
    Commercial land - Double lot development site with existing utilities in Pinellas Park.
    Where is this commercial land located?
    The property is located at 5040 70TH AVENUE N Pinellas Park, FL.
    What is the asking price?
    The asking price for this property is $259,995.
    What are key features of this property?
    This property features: Double lot development site in Pinellas Park.; Sold strictly for land value and redevelopment.; Active water, sewer, and electric meters already in place.
    (844) 239-2663
    We can help!
    Listing Contact
    Steven Koleno
    Steven Koleno
    Real Estate License ID: 3469487
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!