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: Oct 21 Last Checked: Oct 20 at 6:26PM

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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

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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 / Yr

$107,160

Cap Rate

6.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,143,200 $2.1M

Cap Rate 7%

$1,530,857 $1.5M

Cap Rate 9%

$1,190,667 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,628 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $157,095 @ 7.0% cap · market cap 10.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Dental Office Building Supply Auto Repair Shop Hair Salon Kitchen & Bath Showroom Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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