Mixed-Use Building with
New
For Sale
$1,595,000
1000 BASS, Dunedin, FL 34698
Two-story commercial property with conditioned space, a garage, dedicated parking, and a layout supporting live-work occupancy.
Property Size3,333 SF
Price / SF$478.55
Days on Market2
Property Features for 1000 BASS
General Information
Standard status
Active
Size
3,333 SF
Total Parking Spaces
10
Elevators
Yes
Property subtype
Commercial
Zoning
Downtown Core
Site & Location
Corner Location
Yes
Traffic Count
17,000 vehicles/day
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,001
Amenities
elevator
two-car garage
Building Details
Building Size
3,333 SF
Year Built
2009
Buildings
1
Stories
2
Construction
block
Listing Agency:
INTERNATIONAL TOP AGENTS REALTY
Listed By:
Terry Yoder · License #3229772
(727) 612-5517
Source:
Elliman
Added: Sep 8
Last Checked: Sep 9 at 7:30AM
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 INTERNATIONAL TOP AGENTS REALTY
Investment Insights
Based on property information with market context.
Built in 2009, this two-story mixed-use building provides 3,333 square feet of conditioned space in a block construction format. The property includes an elevator, a two-car garage, and 10 dedicated parking spaces. Its adaptable arrangement supports live-work occupancy, with potential for commercial use throughout the building.
The property occupies the signalized corner of Main St. and Bass Blvd. at 1000 BASS in Dunedin, Florida, within the Dunedin Downtown Core zoning district. It is positioned directly across from a bank and a restaurant, with a reported traffic count of 17,000 vehicles per day. WalkScore is 66, BikeScore is 55, and TransitScore is 26.
The property occupies the signalized corner of Main St. and Bass Blvd. at 1000 BASS in Dunedin, Florida, within the Dunedin Downtown Core zoning district. It is positioned directly across from a bank and a restaurant, with a reported traffic count of 17,000 vehicles per day. WalkScore is 66, BikeScore is 55, and TransitScore is 26.
Key Highlights
- 3,333 SF of conditioned space in a two‑story mixed‑use building
- Signalized corner at Main St. and Bass Blvd. in the Dunedin Downtown Core zoning district
- Built in 2009 with block construction and an elevator
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
$51,749
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
3.24%
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%
$1,034,980
$1.0M
Cap Rate 7%
$739,271
$739.3K
Cap Rate 9%
$574,989
$575.0K
Market Conditions
NOI Build-Up for 3,333 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
$86.8K $26.04/SF
− Vacancy
−$17.8K −$5.34/SF
EGI
$69.0K $20.70/SF
− OpEx
−$17.2K −$5.18/SF
NOI
$51.7K $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%
$1,034,980
Cap Rate 7%
$739,271
Cap Rate 9%
$574,989
Alternative Uses
Best Use
Office B
$739.3K
$646.9K – $862.5K
NOI $51,749 @ 7.0% cap · market cap 3.24%
Second Best
Mixed Use
$591.4K
$517.5K – $689.9K
NOI $41,396 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$866.9K
$758.6K – $1.01M
NOI $60,686 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,560
Businesses Nearby
Explore this area
Business Placement
Demographics for 34698, FL
38,010
Population
22,016
Households
1.7
Avg Household Size
56
Median Age
36%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
3,394
Density / Sq Mi
$67,323
Median Household Income
$44,747
Median Earnings
$1,571
Median Rent
$335,800
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 - Two-story commercial property with conditioned space, a garage, dedicated parking, and a layout supporting live-work occupancy.
Where is this mixed-use property located?
The property is located at 1000 BASS Dunedin, FL.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 3,333 SF of conditioned space in a two‑story mixed‑use building; Signalized corner at Main St. and Bass Blvd. in the Dunedin Downtown Core zoning district; Built in 2009 with block construction and an elevator
