B-1 Mixed-Use Development
For Sale
$2,200,000
11400 US Highway 19 North, Pinellas Park, FL 33782
Existing commercial improvements and connected utilities support near-term reuse or redevelopment.
Property Size9,799 SF
Lot Size2.70 Acres
Price / SF$224.51
Days on Market196
Property Features for 11400 US Highway 19 North
General Information
Standard status
Active
Size
9,799 SF
Lot size
2.70 Acres
Property subtype
Commercial Sale / Mixed Use
Zoning
B-1
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$19,840
Amenities
Central Air, Zoned
No
Square Feet
Metal, Other
Oak Trees, Trees
2
Security System
Concrete Perimeter
Block, Stucco
Building Details
Year Built
1969
Buildings
2
Listing Agency:
PALM LIFE REALTY
(757) 377-6102
Listed By:
Stephen Aki · License #3416853
(757) 377-6102
Source:
Compass
Added: Feb 14
Changed: Aug 29
Last Checked: Aug 29 at 5:34PM
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 PALM LIFE REALTY
Investment Insights
Based on property information with market context.
This ±2.7-acre mixed-use property includes an existing industrial and commercial building with offices on both levels and substantial ground-floor workspace. Built in 1969, the structure can accommodate continued contractor operations, flex-industrial use, showroom functions, or office conversion. A vacant single-family residence occupies the northwest portion and may serve as interim office space, be renovated for income-producing use, or be removed as part of redevelopment. Utilities are connected, and the site is in a non-flood zone.
Zoned B-1, the property is positioned on the US 19 frontage road at 11400 US Highway 19 North, with access from 115th Ave N. US 19 carries approximately 60,000–70,000 vehicles per day in this corridor. The site is minutes from Ulmerton Road (SR 688) and Roosevelt Boulevard, with surrounding single-family neighborhoods, multifamily communities, and established commercial properties.
Zoned B-1, the property is positioned on the US 19 frontage road at 11400 US Highway 19 North, with access from 115th Ave N. US 19 carries approximately 60,000–70,000 vehicles per day in this corridor. The site is minutes from Ulmerton Road (SR 688) and Roosevelt Boulevard, with surrounding single-family neighborhoods, multifamily communities, and established commercial properties.
Key Highlights
- ±2.7‑acre B‑1‑zoned property in Pinellas Park
- Existing industrial/commercial structure with upstairs and downstairs offices
- Substantial ground‑level workspace supports contractor or flex‑industrial use
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
$152,143
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
6.92%
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%
$3,042,860
$3.0M
Cap Rate 7%
$2,173,471
$2.2M
Cap Rate 9%
$1,690,478
$1.7M
Market Conditions
NOI Build-Up for 9,799 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
$255.2K $26.04/SF
− Vacancy
−$52.3K −$5.34/SF
EGI
$202.9K $20.70/SF
− OpEx
−$50.7K −$5.18/SF
NOI
$152.1K $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%
$3,042,860
Cap Rate 7%
$2,173,471
Cap Rate 9%
$1,690,478
Alternative Uses
Best Use
Office B
$2.17M
$1.90M – $2.54M
NOI $152,143 @ 7.0% cap · market cap 6.92%
Second Best
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,704 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,416 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Explore this area
Business Placement
Demographics for 33782, FL
22,198
Population
10,581
Households
2.1
Avg Household Size
50
Median Age
29%
College-Educated
88%
High-School Grad
5.4 sq mi
ZIP Area
4,111
Density / Sq Mi
$65,487
Median Household Income
$41,676
Median Earnings
$1,767
Median Rent
$253,700
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 - Existing commercial improvements and connected utilities support near-term reuse or redevelopment.
Where is this mixed-use property located?
The property is located at 11400 US Highway 19 North Pinellas Park, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: ±2.7‑acre B‑1‑zoned property in Pinellas Park; Existing industrial/commercial structure with upstairs and downstairs offices; Substantial ground‑level workspace supports contractor or flex‑industrial use
