Mixed-Use Property with Street
For Sale
$329,000
3164 66TH STREET, St Petersburg, FL 33710
CRS-1 zoning supports professional and medical office uses alongside residential flexibility.
Property Size1,512 SF
Price / SF$217.59
Days on Market11
Property Features for 3164 66TH STREET
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$4,040
Amenities
Central Air
3
60x125
State Road, Asphalt.
Building Details
Year Built
1959
Listing Agency:
PARK PROPERTY GROUP
(727) 216-6591
Listed By:
Matthew Baldwin · License #3440986
Source:
Xome
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 29 at 5:30PM
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 PARK PROPERTY GROUP
Investment Insights
Based on property information with market context.
This mixed-use property includes a structure built in 1959 on a 0.17-acre parcel with direct frontage along 66th Street North. The CRS-1, Corridor Residential Suburban, zoning designation supports professional and medical office uses in addition to residential use, subject to independent verification of permitted uses, parking, and approvals. The property is being sold as-is.
The site occupies a position on one of Pinellas County’s primary north-south arterials, where approximately 48,000 vehicles pass daily. Its street-facing placement provides direct exposure for an owner-user or business seeking an identifiable corridor address. The property information identifies the building as suitable for small professional practices and appointment-based office operations, including dental, wellness, medical, and general professional uses, subject to applicable requirements.
The site occupies a position on one of Pinellas County’s primary north-south arterials, where approximately 48,000 vehicles pass daily. Its street-facing placement provides direct exposure for an owner-user or business seeking an identifiable corridor address. The property information identifies the building as suitable for small professional practices and appointment-based office operations, including dental, wellness, medical, and general professional uses, subject to applicable requirements.
Key Highlights
- Direct frontage on 66th Street N
- Approximately 48,000 vehicles per day pass the address
- 0.17‑acre parcel with a 1959‑built structure
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
$23,476
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
7.14%
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%
$469,520
$469.5K
Cap Rate 7%
$335,371
$335.4K
Cap Rate 9%
$260,844
$260.8K
Market Conditions
NOI Build-Up for 1,512 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
$39.4K $26.04/SF
− Vacancy
−$8.1K −$5.34/SF
EGI
$31.3K $20.70/SF
− OpEx
−$7.8K −$5.18/SF
NOI
$23.5K $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%
$469,520
Cap Rate 7%
$335,371
Cap Rate 9%
$260,844
Alternative Uses
Best Use
Office B
$335.4K
$293.5K – $391.3K
NOI $23,476 @ 7.0% cap · market cap 7.14%
Second Best
Mixed Use
$268.3K
$234.7K – $313.0K
NOI $18,779 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$393.3K
$344.1K – $458.8K
NOI $27,530 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Explore this area
Business Placement
Demographics for 33710, FL
33,172
Population
16,767
Households
2
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,147
Density / Sq Mi
$76,908
Median Household Income
$46,520
Median Earnings
$1,577
Median Rent
$312,500
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 - CRS-1 zoning supports professional and medical office uses alongside residential flexibility.
Where is this mixed-use property located?
The property is located at 3164 66TH STREET St Petersburg, FL.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Direct frontage on 66th Street N; Approximately 48,000 vehicles per day pass the address; 0.17‑acre parcel with a 1959‑built structure
