C-2 Mixed-Use
For Sale
Contact for pricing
1130 PINELLAS BAYWAY S, Tierra Verde, FL 33715
The parcel carries C-2 zoning and is identified as a mixed-use property.
Property Size8,628 SF
Price / SF$179.65
Days on Market61
Property Features for 1130 PINELLAS BAYWAY S
General Information
Standard status
Active
Size
8,628 SF
Property subtype
Retail, Office, Mixed Use
Zoning
C-2
Building Details
Year Built
1968
Stories
2
Listing Agency:
KW Commercial Tampa Bay
Listed By:
Hal Holder · License #SL3416459
Source:
Crexi
Added: Jul 1
Changed: Aug 30
Last Checked: Aug 30 at 1:29AM
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 Tampa Bay
Investment Insights
Based on property information with market context.
This 0.236-acre property is identified as mixed-use land with C-2 zoning. The site is located at 1130 Pinellas Bayway S in Tierra Verde, Florida.
Key Highlights
- 0.236‑acre mixed‑use property
- C‑2 zoning
- 1130 Pinellas Bayway S, Tierra Verde, FL
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
$107,160
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
6.91%
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%
$2,143,200
$2.1M
Cap Rate 7%
$1,530,857
$1.5M
Cap Rate 9%
$1,190,667
$1.2M
Market Conditions
NOI Build-Up for 8,628 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
$186.4K $21.60/SF
− Vacancy
−$14.9K −$1.73/SF
EGI
$171.5K $19.87/SF
− OpEx
−$64.3K −$7.45/SF
NOI
$107.2K $12.42/SF
Area
Pinellas County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$2,143,200
Cap Rate 7%
$1,530,857
Cap Rate 9%
$1,190,667
Alternative Uses
Best Use
Mixed Use
$1.53M
$1.34M – $1.79M
NOI $107,160 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,095 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 33715, FL
7,876
Population
7,060
Households
1.1
Avg Household Size
65
Median Age
57%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,073
Density / Sq Mi
$105,068
Median Household Income
$65,357
Median Earnings
$2,843
Median Rent
$539,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The parcel carries C-2 zoning and is identified as a mixed-use property.
Where is this mixed-use property located?
The property is located at 1130 PINELLAS BAYWAY S Tierra Verde, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 0.236‑acre mixed‑use property; C‑2 zoning; 1130 Pinellas Bayway S, Tierra Verde, FL
