Retail Showroom with Second-Floor
For Sale
Contact for pricing
110 Pine Avenue, Oldsmar, FL 34677
Fully air-conditioned commercial building with retail showroom space, private second-floor offices, ADA restrooms, and ample parking.
Property Size9,393 SF
Price / SF$170.34
Days on Market50
Property Features for 110 Pine Avenue
General Information
Standard status
Active
Size
9,393 SF
Total Parking Spaces
26
Property subtype
Retail, Office
Zoning
C-2
Building Details
Year Built
1984
Listing Agency:
Harris & Company
Listed By:
David Harris · License #FL
Source:
Crexi
Added: Jul 16
Changed: Aug 28
Last Checked: Sep 1 at 11:38AM
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 Harris & Company
Investment Insights
Based on property information with market context.
110 Pine Avenue, Oldsmar, FL 34677 offers a versatile commercial configuration with a fully air-conditioned ground-floor retail showroom or reception area and private second-floor offices. The open-concept layout provides flexibility for a range of uses and potential build-out options, with two ADA-compliant restrooms serving the space.
The property includes approximately 8,300 SF on the ground floor and about 9,400 SF in total, including the second-level office space. It is positioned just off Tampa Road and provides excellent visibility along a high-traffic corridor, with ample on-site parking available for customers and staff.
Zoned for a variety of commercial uses, the property is described as suitable for retail, restaurant, professional office, medical, fitness, and personal services.
The property includes approximately 8,300 SF on the ground floor and about 9,400 SF in total, including the second-level office space. It is positioned just off Tampa Road and provides excellent visibility along a high-traffic corridor, with ample on-site parking available for customers and staff.
Zoned for a variety of commercial uses, the property is described as suitable for retail, restaurant, professional office, medical, fitness, and personal services.
Key Highlights
- 1984‑built, fully air‑conditioned commercial building near Tampa Road in Oldsmar
- Approx. 8,300 SF on the ground floor plus about 9,400 SF total including second‑floor offices
- Retail showroom/reception space with private second‑floor office area
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
$145,839
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
9.11%
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%
$2,916,780
$2.9M
Cap Rate 7%
$2,083,414
$2.1M
Cap Rate 9%
$1,620,433
$1.6M
Market Conditions
NOI Build-Up for 9,393 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
$244.6K $26.04/SF
− Vacancy
−$50.1K −$5.34/SF
EGI
$194.5K $20.70/SF
− OpEx
−$48.6K −$5.18/SF
NOI
$145.8K $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%
$2,916,780
Cap Rate 7%
$2,083,414
Cap Rate 9%
$1,620,433
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.43M
NOI $145,839 @ 7.0% cap · market cap 9.11%
Second Best
Retail
$1.32M
$1.15M – $1.54M
NOI $92,216 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $171,024 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34677, FL
22,524
Population
10,056
Households
2.2
Avg Household Size
46
Median Age
41%
College-Educated
95%
High-School Grad
12.7 sq mi
ZIP Area
1,774
Density / Sq Mi
$85,389
Median Household Income
$46,404
Median Earnings
$1,484
Median Rent
$352,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Advanced Systems Inc-Suncoast — 330 mears blvd, oldsmar, fl 34677
- Home Floors Design Center — 3800 Tampa Rd Suite 200, Oldsmar, FL 34677
Frequently Asked Questions
What type of property is this?
Showroom - Fully air-conditioned commercial building with retail showroom space, private second-floor offices, ADA restrooms, and ample parking.
Where is this showroom located?
The property is located at 110 Pine Avenue Oldsmar, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 1984‑built, fully air‑conditioned commercial building near Tampa Road in Oldsmar; Approx. 8,300 SF on the ground floor plus about 9,400 SF total including second‑floor offices; Retail showroom/reception space with private second‑floor office area
