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    4900 66TH St N Saint Petersburg, FL 33709

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    For Sale
    $1,000,000

    High-visibility commercial property with two buildings and ample parking.

    Type:Commercial
    Lot size:
    0.33 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 6:05 pm

    Property Features for 4900 66TH St N

    General Information

    Standard status
    Active
    Lot size
    0.33 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1953

    We can help!

    Listing Contact
    Blake Gore

    Listing agent Blake Gore License #3388346

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Blake Gore

    Overview

    Prime Commercial Property on 66th Street

    Located just south of Park Boulevard and 66th Street North in Pinellas County, this commercial property spans over one-third of an acre with C-2 zoning. Benefiting from frontage on 66th Street, the property experiences traffic of over 50,000 vehicles daily. The site features two operational buildings, one equipped with a drive-up window. The existing setup includes two full-service bars, a walk-in cooler, two dance floors, a large main stage, and DJ booths. The property has 40+ parking spaces and a drive-through front entrance. This location is 16 minutes from downtown St. Petersburg, 12 minutes from St. Pete Beach, and 35 minutes from SoHo and Ybor City Tampa. The property is suitable for entrepreneurs, restaurateurs, and creatives. The location has a bike score of 55, indicating it is bikeable, a walk score of 42, indicating it is car-dependent, and a transit score of 30, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Turbo Lounge Nightclub Route 66 Drive ... (Bike/Boat/Book/etc) Store Cardtronics ATM Atm Suite66 Bar & Pub Main Enterprise Llc DJ & Entertainment

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Am Vets — 6605 46th Ave N, St. Petersburg, FL 33709
    • The Spot Smoke Shop and Kava Bar — 4299 66th St N, Kenneth City, FL 33709
    • Suite66 — 4900 66th St N, St. Petersburg, FL 33709
    • Red Tiki Bar and Grill — 7361 46th Ave N, St. Petersburg, FL 33709
    • Vapor Road Tyrone — 3334 Tyrone Blvd N, St. Petersburg, FL 33710

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7289982
    Latitude
    27.8168558

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    FAQs

    What type of property is this?
    Bar & Pub - High-visibility commercial property with two buildings and ample parking.
    Where is this bar & pub located?
    The property is located at 4900 66TH St N Saint Petersburg, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: High Traffic Location: Frontage on 66th Street with over 50,000 vehicles passing daily ensures exceptional visibility.; C‑2 Zoning & Size: Over one‑third of an acre with C‑2 zoning provides flexibility for various commercial ventures.; Existing Infrastructure: Two functional buildings, including one with a drive‑up window, offer immediate operational potential.
    (727) 953-0714
    We can help!
    Listing Contact
    Blake Gore
    Real Estate License ID: 3388346
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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