Free Standing Building on
For Sale
$2,590,000
3530 49TH St N, St Petersburg, FL 33710
Highly visible 7,889 SF building on 0.86 acres for sale.
Property Size9,360 SF
Lot Size0.68 Acres
Price / SF$328.31
Days on Market151
Property Features for 3530 49TH St N
General Information
Standard status
Active
Size
9,360 SF
Lot size
0.68 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$16,735
Building Details
Building Size
9,360 SF
Year Built
1968
Stories
1
Listing Agency:
Ross Realty Group, Inc.
(727) 639-3800
Listed By:
Elliott Ross · License #BK416734
(727) 639-3800
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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 Ross Realty Group, Inc.
Investment Insights
Based on property information with market context.
This is a 7,889 square foot free-standing building situated on 0.86 acres. The property, built in 1968 and recently remodeled, features a new roof installed in 2022. It benefits from high visibility and has 275 feet of frontage on 49th Street North, with three access points from 49th Street North, 36th Avenue North, and 35th Avenue North. The location has a traffic count of 22,000 vehicles per day. The property includes highly visible pole signage on 49th Street North. It is located directly across from the Publix-anchored Disston Plaza Shopping Center. The zoning is Corridor Commercial Suburban – 1, City of St. Petersburg. The property is located in Flood Zone X. Please do not disturb Operator/Business. Parcel ID numbers are 09-31-16-55224-000-0010 and 09-31-16-55206-000-0130.
Key Highlights
- High Visibility: Free‑standing building with 275 feet of frontage on 49th St. N.
- High Traffic: 22,000 vehicles per day.
- Multiple Access Points: Three access points from 49th St. N., 36th Ave N., and 35th Ave N.
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
$77,450
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
2.99%
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%
$1,549,000
$1.5M
Cap Rate 7%
$1,106,429
$1.1M
Cap Rate 9%
$860,556
$860.6K
Market Conditions
NOI Build-Up for 7,889 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
$118.3K $15.00/SF
− Vacancy
−$7.7K −$0.98/SF
EGI
$110.6K $14.03/SF
− OpEx
−$33.2K −$4.21/SF
NOI
$77.5K $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%
$1,549,000
Cap Rate 7%
$1,106,429
Cap Rate 9%
$860,556
Alternative Uses
Best Use
Retail
$1.11M
$968.1K – $1.29M
NOI $77,450 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,639 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
4,458 visits/mo
0.3 miles
7-Eleven
Shops & Services
4,239 visits/mo
0.3 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flowers By the Bunch — 4260 49th St N, St. Petersburg, FL 33709, United States
- Willow Tree Nursery Inc — 4401 49th St N, St. Petersburg, FL 33709
Frequently Asked Questions
What type of property is this?
Storefront property - Highly visible 7,889 SF building on 0.86 acres for sale.
Where is this storefront property located?
The property is located at 3530 49TH St N St Petersburg, FL.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: High Visibility: Free‑standing building with **275 feet of frontage on 49th St. N.**; High Traffic: 22,000 vehicles per day.; Multiple Access Points: Three access points from 49th St. N., 36th Ave N., and 35th Ave N.
