Renovated Office
For Sale
Under Contract
$400,000
9200 66TH Street N, Pinellas Park, FL 33782
Commercial Sale, PINELLAS PARK, FL
Property Size2,100 SF
Lot Size0.33 Acres
Price / SF$190.48
Days on Market108
Property Features for 9200 66TH Street N
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
B-1
Accessibility
Accessible Approach with Ramp
Subdivision
TERMINAL PARK
Lot features
City Limits, Retention Areas, Street Lights, Paved
Directions
Take 66th St. to 9200. Property is on the west side of the street.
Standard status
Active Under Contract
APN
19-30-16-90270-000-0010
Size
2,100 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TERMINAL PARK LOTS 1 & 3 & LOT 2 LESS THAT PART DESC COM NE COR OF SE 1/4 OF SEC 19-30-16 TH S00D3230E 759.98FT TH N89D2630W 50.01FT FOR POB TH N89D2630W 18FT TH N39D1116E 28.16FT TH S00D3230E 22FT TO POB
Tax Annual Amount
5686
Legal Description
TERMINAL PARK LOTS 1 & 3 & LOT 2 LESS THAT PART DESC COM NE COR OF SE 1/4 OF SEC 19-30-16 TH S00D3230E 759.98FT TH N89D2630W 50.01FT FOR POB TH N89D2630W 18FT TH N39D1116E 28.16FT TH S00D3230E 22FT TO POB
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
2003
Floors in Building
1
Number of units
1
Flooring type
Laminate
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
CENTURY 21 COASTAL ALLIANCE · Century 21 Real Estate
(727) 867-8633
Listed By:
Randall Ierna · License #173684
(727) 647-0813
Added: May 14
Changed: Aug 24
Last Checked: Aug 29 at 3:06PM
MLS# TB8509730
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 2,100-square-foot office building was constructed in 2003 and has undergone a full renovation. Improvements include new flooring, interior paint, lighting, and exterior finishes. The building features laminate flooring, metal siding, a metal roof, electric heating, and an accessible approach with ramp.
Positioned on 66th Street North in Pinellas Park, the corner property occupies 0.33 acres and provides 100 feet of frontage. B-1 zoning applies, with electricity available and public water and sewer serving the site.
Positioned on 66th Street North in Pinellas Park, the corner property occupies 0.33 acres and provides 100 feet of frontage. B-1 zoning applies, with electricity available and public water and sewer serving the site.
Key Highlights
- 2,100‑square‑foot office building on 0.33 acres
- 100 feet of frontage on 66th Street North
- B‑1 zoning in Pinellas Park
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
$32,605
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
8.15%
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%
$652,100
$652.1K
Cap Rate 7%
$465,786
$465.8K
Cap Rate 9%
$362,278
$362.3K
Market Conditions
NOI Build-Up for 2,100 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
$54.7K $26.04/SF
− Vacancy
−$11.2K −$5.34/SF
EGI
$43.5K $20.70/SF
− OpEx
−$10.9K −$5.18/SF
NOI
$32.6K $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%
$652,100
Cap Rate 7%
$465,786
Cap Rate 9%
$362,278
Alternative Uses
Best Use
Office B
$465.8K
$407.6K – $543.4K
NOI $32,605 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.2K
$478.0K – $637.3K
NOI $38,236 @ 7.0% cap · market cap 9.56%
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
501
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Corner office property with updated finishes, public utilities, and ramp-accessible entry on 66th Street North.
Where is this office building located?
The property is located at 9200 66TH Street N Pinellas Park, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,100‑square‑foot office building on 0.33 acres; 100 feet of frontage on 66th Street North; B‑1 zoning in Pinellas Park
