Two-Building Flex
For Sale
$895,000
701 49TH Street S, Gulfport, FL 33707
Commercial Sale, GULFPORT, FL
Property Size3,516 SF
Lot Size0.32 Acres
Price / SF$254.55
Days on Market207
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
Wall/Window Unit(s), Window Unit(s)
Amenities
direct frontage on The Pinellas Trail
outdoor functional space
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 20
Last Checked: Aug 23 at 7:06PM
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.
This flex property includes two concrete block buildings and a bonus storage shed along the Pinellas Trail. The interior has multiple small rooms and studios, creating a configuration suited to creative, office, retail, personal service, fitness, trade shop, warehouse, automotive, and marine-related uses. Wall/window and window unit cooling are installed, and the property is served by public sewer. Built in 1969, the asset is zoned CG, or Commercial General.
The property fronts 49th Street South and the Pinellas Trail, providing exposure to roadway, pedestrian, and cyclist activity. 49th Street South carries approximately 22,000 vehicles per day, while the trail averages 160,000 users per month. Outdoor areas support pop-up markets, events, vendor stalls, or customer gathering. The site also includes 10+ parking spaces.
The property fronts 49th Street South and the Pinellas Trail, providing exposure to roadway, pedestrian, and cyclist activity. 49th Street South carries approximately 22,000 vehicles per day, while the trail averages 160,000 users per month. Outdoor areas support pop-up markets, events, vendor stalls, or customer gathering. The site also includes 10+ parking spaces.
Key Highlights
- Two concrete block buildings plus a storage shed fronting the Pinellas Trail
- Frontage on 49th Street South with approximately 22,000 vehicles per day
- Average of 160,000 Pinellas Trail users per month
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
Retail
$493.1K
$431.5K – $575.3K
NOI $34,518 @ 7.0% cap · market cap 3.86%
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
22,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,142
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 - Adaptable commercial space with trail access, roadway exposure, and a multi-room interior configuration.
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 plus a storage shed fronting the Pinellas Trail; Frontage on 49th Street South with approximately 22,000 vehicles per day; Average of 160,000 Pinellas Trail users per month
