Freestanding Retail
For Sale
$1,750,000
8625 66TH Street N, Pinellas Park, FL 33782
Commercial Sale, PINELLAS PARK, FL
Property Size6,400 SF
Lot Size0.64 Acres
Price / SF$273.44
Days on Market207
Property Features for 8625 66TH Street N
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B-1 (CG)
Subdivision
KEENAN CONDO
Directions
Heading South on 66th St, the property is on the left side of the road between 86th Ave & 87th Ave.
Standard status
Active
APN
20-30-16-45275-000-8625
Size
6,400 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
KEENAN CONDO UNITS 8609, 8613, 8617, 8621, 8625 & 8629
Tax Annual Amount
7794
Legal Description
KEENAN CONDO UNITS 8609, 8613, 8617, 8621, 8625 & 8629
Utilities
Cooling system
Central Air
Amenities
on-site parking
Building Details
Year built
1984
Building materials
Stucco
Listing Agency:
KELLER WILLIAMS TAMPA PROP. · Keller Williams Realty
(813) 264-7754
Listed By:
Alexander Lucke · License #3351552
(727) 410-2896
Added: Feb 2
Changed: Aug 24
Last Checked: Aug 28 at 9:06PM
MLS# TB8471450
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 freestanding retail storefront at 8625 66th Street N includes 6,400 SF of building area on a 0.64-acre parcel. The 1984 structure features stucco construction and central air, with a layout that can accommodate multiple suites or a larger single-user configuration. B-1 (CG) zoning supports its commercial storefront profile.
The property fronts a heavily traveled commercial corridor in Pinellas Park, with approximately 38,000 vehicles per day. On-site parking, pylon signage, and established frontage contribute to the property's physical retail presence. Its flexible configuration may support an owner-occupied business with additional suites available for rental income, subject to applicable requirements.
The property fronts a heavily traveled commercial corridor in Pinellas Park, with approximately 38,000 vehicles per day. On-site parking, pylon signage, and established frontage contribute to the property's physical retail presence. Its flexible configuration may support an owner-occupied business with additional suites available for rental income, subject to applicable requirements.
Key Highlights
- 6,400 SF freestanding retail building on a 0.64‑acre parcel
- Approximately 38,000 vehicles per day along the commercial corridor
- Flexible suite configuration for single‑user or multi‑suite occupancy
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
$62,832
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
3.59%
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%
$1,256,640
$1.3M
Cap Rate 7%
$897,600
$897.6K
Cap Rate 9%
$698,133
$698.1K
Market Conditions
NOI Build-Up for 6,400 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
$96.0K $15.00/SF
− Vacancy
−$6.2K −$0.98/SF
EGI
$89.8K $14.03/SF
− OpEx
−$26.9K −$4.21/SF
NOI
$62.8K $9.82/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,256,640
Cap Rate 7%
$897,600
Cap Rate 9%
$698,133
Alternative Uses
Best Use
Retail
$897.6K
$785.4K – $1.05M
NOI $62,832 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,528 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
38,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
12,614 visits/mo
0.2 miles
Dollar General
Shops & Services
9,417 visits/mo
0.5 miles
Citgo
Shops & Services
1,176 visits/mo
0.1 miles
Extra Space Storage
Shops & Services
1,052 visits/mo
0.1 miles
Demographics for 33782, FL
22,198
Population
10,581
Households
2.1
Avg Household Size
50
Median Age
29%
College-Educated
88%
High-School Grad
5.4 sq mi
ZIP Area
4,111
Density / Sq Mi
$65,487
Median Household Income
$41,676
Median Earnings
$1,767
Median Rent
$253,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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- Sam's Club Floral — 7001 Park Blvd, Pinellas Park, FL 33781
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial building with suite options, pylon signage, parking, and B-1 (CG) zoning.
Where is this storefront property located?
The property is located at 8625 66TH Street N Pinellas Park, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 6,400 SF freestanding retail building on a 0.64‑acre parcel; Approximately 38,000 vehicles per day along the commercial corridor; Flexible suite configuration for single‑user or multi‑suite occupancy
