Flex Property with Trail
For Sale
$895,000
701 49TH Street S, Gulfport, FL 33707
SINGLE_FAMILY - GULFPORT, FL
Property Size3,516 SF
Lot Size0.32 Acres
Price / SF$254.55
Days on Market191
Property Features for 701 49TH Street S
General Information
Property type
Residential
Property subtype
Retail
Zoning
CG
Security features
Security
Subdivision
ARDMORE HEIGHTS
Lot features
Corner Lot, City Limits
Directions
From the corner of Central Ave and 49th St, travel south on 49th Street until you reach the property, 7 blocks south, by the 'Welcome to Gulfport' sign.
Standard status
Active
APN
28-31-16-01458-001-0030
Size
3,516 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
ARDMORE HEIGHTS BLK A, E 125FT OF UNSUBDIVIDED BLK A LESS RR R/W
Tax Annual Amount
5839
Legal Description
ARDMORE HEIGHTS BLK A, E 125FT OF UNSUBDIVIDED BLK A LESS RR R/W
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1969
Floors in Building
1
Building materials
Block
Additional Structures
Storage
Listing Agency:
BRIDGEWATER COMMERCIAL RE
(813) 541-4254
Listed By:
Kris Dumke · License #BK3319333
(813) 541-4254
Added: Jan 28
Changed: Aug 3
Last Checked: Aug 7 at 3:06PM
MLS# TB8470290
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.
Investment Insights
Based on property information with market context.
A unique two-building flex property featuring two concrete block buildings totaling 4,924 SF (3,460 SF and 1,464 SF), plus a bonus storage shed fronting the Pinellas Trail. The interior includes multiple small rooms and studios, supporting a variety of creative or multi-tenant concepts and owner-operator setups. Outdoor space is available for functional customer-oriented activity, including pop-up markets, events, and vendor stalls.
The site is directly on the Pinellas Trail with frontage on 49th Street South, described as a main north-south corridor into Gulfport with approximately 22,000 vehicles per day. Zoning is Commercial General (CG), which allows a wide range of uses including retail, office, personal services, restaurant, warehouse, trade shops, automotive and marine-related uses, fitness, and many conditional uses. The lot is approximately 0.31 acres with 10+ parking spaces. The property is also positioned for heavy pedestrian and cyclist traffic along the trail, averaging 160,000 trail users per month.
The site is directly on the Pinellas Trail with frontage on 49th Street South, described as a main north-south corridor into Gulfport with approximately 22,000 vehicles per day. Zoning is Commercial General (CG), which allows a wide range of uses including retail, office, personal services, restaurant, warehouse, trade shops, automotive and marine-related uses, fitness, and many conditional uses. The lot is approximately 0.31 acres with 10+ parking spaces. The property is also positioned for heavy pedestrian and cyclist traffic along the trail, averaging 160,000 trail users per month.
Key Highlights
- Two concrete block buildings totaling 4,924 SF (3,460 SF and 1,464 SF) on a 0.31‑acre lot
- Direct frontage on the Pinellas Trail with frontage on 49th Street South (approx. 22,000 vehicles/day)
- Zoned Commercial General, supporting a wide range of uses including retail, office, personal services, restaurant, warehouse, trade shops, fitness, and automotive/marine‑related uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,591
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,091,820
$1.1M
Cap Rate 7%
$779,871
$779.9K
Cap Rate 9%
$606,567
$606.6K
Market Conditions
NOI Build-Up for 3,516 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$91.6K $26.04/SF
− Vacancy
−$18.8K −$5.34/SF
EGI
$72.8K $20.70/SF
− OpEx
−$18.2K −$5.18/SF
NOI
$54.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,091,820
Cap Rate 7%
$779,871
Cap Rate 9%
$606,567
Alternative Uses
Best Use
Office B
$779.9K
$682.4K – $909.9K
NOI $54,591 @ 7.0% cap · market cap 6.10%
Second Best
Flex RnD
$454.4K
$397.6K – $530.2K
NOI $31,810 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$914.5K
$800.2K – $1.07M
NOI $64,018 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33707, FL
24,646
Population
16,579
Households
1.5
Avg Household Size
58
Median Age
40%
College-Educated
95%
High-School Grad
5.3 sq mi
ZIP Area
4,650
Density / Sq Mi
$68,560
Median Household Income
$45,513
Median Earnings
$1,512
Median Rent
$344,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Caterer — 1411 49th St S, Gulfport, FL 33707
- WELL SEASONED CATERING LLC — 4536 10th Ave S, St. Petersburg, FL 33711
- NyeLuxe Kreations & Catering — 201 45th St S, St. Petersburg, FL 33711
Frequently Asked Questions
What type of property is this?
Flex space - Two concrete block flex buildings with small studios and parking, directly on Pinellas Trail with 49th Street S frontage.
Where is this flex space located?
The property is located at 701 49TH Street S Gulfport, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two concrete block buildings totaling 4,924 SF (3,460 SF and 1,464 SF) on a 0.31‑acre lot; Direct frontage on the Pinellas Trail with frontage on 49th Street South (approx. 22,000 vehicles/day); Zoned Commercial General, supporting a wide range of uses including retail, office, personal services, restaurant, warehouse, trade shops, fitness, and automotive/marine‑related uses
