Mixed-Use Property with Fenced
For Sale
Contact for pricing
1000 49TH ST S, St Petersburg, FL 33710
Adjacent office and residential buildings offer alley access and separate spaces for business operations and residential use.
Property Size1,855 SF
Lot Size0.27 Acres
Price / SF$320.75
Days on Market10
Property Features for 1000 49TH ST S
General Information
Standard status
Active
Size
1,855 SF
Lot size
0.27 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
CCS-1
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Amenities
garage door access
fenced yard
alley access
Building Details
Buildings
1
Building Size
1,855 SF
Tenancy
Single
Listing Agency:
KW Commercial St. Petersburg
Listed By:
Jake Wollman · License #3511103
Source:
Crexi
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 26 at 4:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial St. Petersburg
Investment Insights
Based on property information with market context.
The combined offering consists of two adjacent properties totaling approximately 3,153 gross square feet on 0.27 acres. One building has 1,855 gross square feet and is used for office and storage, with operational space and garage door access. The neighboring 1,298-square-foot building is configured as a residence with a kitchen, bathrooms, bedrooms, and living areas. A fenced yard provides space for vehicles, equipment, and storage.
Together, the parcels have approximately 120 feet of frontage, alley access, and corner exposure along 49th Street South. Both are zoned CCS-1, Corridor Commercial Suburban-1. The properties are offered together, with separate sale also subject to availability and acceptable terms.
Together, the parcels have approximately 120 feet of frontage, alley access, and corner exposure along 49th Street South. Both are zoned CCS-1, Corridor Commercial Suburban-1. The properties are offered together, with separate sale also subject to availability and acceptable terms.
Key Highlights
- Two adjacent parcels combine for approximately 3,153 gross square feet on 0.27 acres
- Office and storage building has 1,855 gross square feet and garage door access
- Residential building has 1,298 gross square feet, including kitchen, bathrooms, bedrooms, and living areas
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
$28,801
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
4.84%
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%
$576,020
$576.0K
Cap Rate 7%
$411,443
$411.4K
Cap Rate 9%
$320,011
$320.0K
Market Conditions
NOI Build-Up for 1,855 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
$48.3K $26.04/SF
− Vacancy
−$9.9K −$5.34/SF
EGI
$38.4K $20.70/SF
− OpEx
−$9.6K −$5.18/SF
NOI
$28.8K $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%
$576,020
Cap Rate 7%
$411,443
Cap Rate 9%
$320,011
Alternative Uses
Best Use
Office B
$411.4K
$360.0K – $480.0K
NOI $28,801 @ 7.0% cap · market cap 4.84%
Second Best
Mixed Use
$329.1K
$288.0K – $384.0K
NOI $23,039 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$482.5K
$422.2K – $562.9K
NOI $33,775 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 33710, FL
33,172
Population
16,767
Households
2
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,147
Density / Sq Mi
$76,908
Median Household Income
$46,520
Median Earnings
$1,577
Median Rent
$312,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Adjacent office and residential buildings offer alley access and separate spaces for business operations and residential use.
Where is this mixed-use property located?
The property is located at 1000 49TH ST S St Petersburg, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two adjacent parcels combine for approximately 3,153 gross square feet on 0.27 acres; Office and storage building has 1,855 gross square feet and garage door access; Residential building has 1,298 gross square feet, including kitchen, bathrooms, bedrooms, and living areas
