Two-Building Flex
For Sale
Under Contract
$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 Market260
Property Features for 701 49TH Street S
General Information
Property type
Commercial Sale
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 Under Contract
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) 286-2964
Added: Jan 28
Changed: Oct 1
Last Checked: Oct 15 at 9:06AM
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 comprises two concrete block buildings with a layout of smaller rooms and studios, plus a storage shed. Built in 1969, the property has 10+ parking spaces and CG zoning. The configuration can accommodate varied commercial uses, including office, retail, personal services, restaurant, warehouse, trade shop, fitness, and certain conditional uses.
The site fronts 49th Street South and the Pinellas Trail. 49th Street South carries approximately 22,000 vehicles per day, while the trail averages 160,000 users per month. Outdoor areas provide additional space for customer gathering, vendor activity, or events.
The site fronts 49th Street South and the Pinellas Trail. 49th Street South carries approximately 22,000 vehicles per day, while the trail averages 160,000 users per month. Outdoor areas provide additional space for customer gathering, vendor activity, or events.
Key Highlights
- Two concrete block buildings with multiple small rooms and studios
- 10+ parking spaces and an additional storage shed
- CG zoning; listed uses include office, retail, restaurant, warehouse, trade shops, and fitness
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,591
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Multiple rooms and studios offer a flexible layout for a range of commercial configurations.
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 with multiple small rooms and studios; 10+ parking spaces and an additional storage shed; CG zoning; listed uses include office, retail, restaurant, warehouse, trade shops, and fitness
