Established Storefront Florist
For Sale
$230,000
1410 58th Street S, Gulfport, FL 33707
Operating florist business with established customers, vendor relationships, digital ordering, inventory, and operating equipment.
Property Size2,100 SF
Price / SF$109.52
Days on Market14
Property Features for 1410 58th Street S
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Business
Additional Details
Business Included
Yes
Building Details
Year Built
1980
Listing Agency:
United Properties, Inc
(954) 801-3719
Listed By:
Maria E Boudreaux
(954) 801-3719
Source:
Lehmannflorida
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 28 at 6:56AM
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 United Properties, Inc
Investment Insights
Based on property information with market context.
This established florist business has more than 20 years of operating history and serves residential, corporate, and event customers in the Gulfport and St. Petersburg markets. Operations are organized through two recognized brands and a centralized production facility, with an experienced staff and established vendor relationships supporting day-to-day activity.
The sale includes trade names, goodwill, operating inventory, furniture, fixtures, equipment, websites, social media accounts, and an online ordering platform. Seller transition assistance is available. The transaction conveys the business only; real estate is not included. Financial statements, tax returns, and a business presentation are available to qualified buyers following execution of an NDA.
The sale includes trade names, goodwill, operating inventory, furniture, fixtures, equipment, websites, social media accounts, and an online ordering platform. Seller transition assistance is available. The transaction conveys the business only; real estate is not included. Financial statements, tax returns, and a business presentation are available to qualified buyers following execution of an NDA.
Key Highlights
- More than 20 years of florist business operating history
- Two recognized brands serving Gulfport and St. Petersburg markets
- 2,100 SF centralized production facility
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
$20,617
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
8.96%
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%
$412,340
$412.3K
Cap Rate 7%
$294,529
$294.5K
Cap Rate 9%
$229,078
$229.1K
Market Conditions
NOI Build-Up for 2,100 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
$31.5K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$29.5K $14.03/SF
− OpEx
−$8.8K −$4.21/SF
NOI
$20.6K $9.82/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$412,340
Cap Rate 7%
$294,529
Cap Rate 9%
$229,078
Alternative Uses
Best Use
Retail
$294.5K
$257.7K – $343.6K
NOI $20,617 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.2K
$478.0K – $637.3K
NOI $38,236 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
4k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
3,358 visits/mo
0.0 miles
Meineke Car Care Center
Shops & Services
672 visits/mo
0.0 miles
Demographics for 33707, FL
24,646
Population
16,579
Households
1.5
Avg Household Size
58
Median Age
40%
College-Educated
95%
High-School Grad
5.3 sq mi
ZIP Area
4,650
Density / Sq Mi
$68,560
Median Household Income
$45,513
Median Earnings
$1,512
Median Rent
$344,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Thai Orchids and Leis — 5313 Gulfport Blvd S, Gulfport, FL 33707
- Karen's Florist of Gulfport & Beach Weddings — 5122 Gulfport Blvd S, Gulfport, FL 33707
- Perfect Match — 4928 Gulfport Blvd S, Gulfport, FL 33707
- Gulfport Florist Weddings and Events — 1410 58th st s, gulfport, fl 33707
- 2Birds Events — 4930 8th Ave S, Gulfport, FL 33707
Frequently Asked Questions
What type of property is this?
Storefront property - Operating florist business with established customers, vendor relationships, digital ordering, inventory, and operating equipment.
Where is this storefront property located?
The property is located at 1410 58th Street S Gulfport, FL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: More than 20 years of florist business operating history; Two recognized brands serving Gulfport and St. Petersburg markets; 2,100 SF centralized production facility
