Stand-Alone Retail Building with
For Sale
$500,000
4980 PARK Boulevard N, Pinellas Park, FL 33781
SINGLE_FAMILY - PINELLAS PARK, FL
Property Size1,160 SF
Lot Size0.12 Acres
Price / SF$431.03
Days on Market710
Property Features for 4980 PARK Boulevard N
General Information
Property type
Residential
Property subtype
Retail
Zoning
COMM
Security features
Security Lighting
Window features
Aluminum Frames
Accessibility
Accessible Approach with Ramp
Subdivision
LYNN HAVEN
Lot features
Central Business District, Curb and Gutters, City Limits, Near Public Transit, Sidewalk, Street Lights, Paved, Turn Around
Directions
Park Blvd just 2 buildings west of 49th Street on the southside...street front parking & drive-thru lot with alley access.
Standard status
Active
APN
28-30-16-53406-000-0390
Size
1,160 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
LYNN HAVEN LOT 39 LESS RD R/W ON N
Tax Annual Amount
2311
Legal Description
LYNN HAVEN LOT 39 LESS RD R/W ON N
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Concrete, Stucco
Roof type
Built-Up, Membrane
Listing Agency:
SUNLOVERS REALTY GROUP
(727) 595-4000
Listed By:
Michael Gundolfi · License #617711
(727) 595-4000
Added: Sep 3, 2024
Changed: Aug 3
Last Checked: Aug 13 at 9:06AM
MLS# U8255891
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This stand-alone block retail building offers central heating and central air, ceramic tile flooring, and an accessible approach with ramp. The property is built with block, concrete, and stucco, with a membrane/built-up roof. The building size is listed as 1,160 SF, and the customer/purchasable area is described as 1,200 SF of C/H/A open space suitable for retail/office or personal services.
Located at the Park Boulevard N and 49th Street intersection, the site is presented as having 65,000+ cars/day and 24,000,000 car impressions/year. Additional on-site parking is mentioned, with drive-thru potential. Utilities include phone availability, and services include public water and public sewer.
The property history is described as 20 years as a Direct Car Insurance office, 5 years as a hair salon, and 5 years as a smoke shop.
Located at the Park Boulevard N and 49th Street intersection, the site is presented as having 65,000+ cars/day and 24,000,000 car impressions/year. Additional on-site parking is mentioned, with drive-thru potential. Utilities include phone availability, and services include public water and public sewer.
The property history is described as 20 years as a Direct Car Insurance office, 5 years as a hair salon, and 5 years as a smoke shop.
Key Highlights
- Stand‑alone block retail building with drive‑thru capacity
- Park Boulevard N & 49th Street intersection traffic: 65,000+ cars/day
- Traffic impressions cited: 24,000,000 car impressions/year
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
$18,011
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
3.60%
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%
$360,220
$360.2K
Cap Rate 7%
$257,300
$257.3K
Cap Rate 9%
$200,122
$200.1K
Market Conditions
NOI Build-Up for 1,160 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
$30.2K $26.04/SF
− Vacancy
−$6.2K −$5.34/SF
EGI
$24.0K $20.70/SF
− OpEx
−$6.0K −$5.18/SF
NOI
$18.0K $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%
$360,220
Cap Rate 7%
$257,300
Cap Rate 9%
$200,122
Alternative Uses
Best Use
Office B
$257.3K
$225.1K – $300.2K
NOI $18,011 @ 7.0% cap · market cap 3.60%
Second Best
Retail
$162.7K
$142.4K – $189.8K
NOI $11,388 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$301.7K
$264.0K – $352.0K
NOI $21,121 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
65,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 33781, FL
27,349
Population
12,370
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
82%
High-School Grad
6.6 sq mi
ZIP Area
4,144
Density / Sq Mi
$55,378
Median Household Income
$37,039
Median Earnings
$1,197
Median Rent
$251,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Stand-alone block retail building with drive-thru capacity and central HVAC, on a high-traffic intersection.
Where is this retail space located?
The property is located at 4980 PARK Boulevard N Pinellas Park, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Stand‑alone block retail building with drive‑thru capacity; Park Boulevard N & 49th Street intersection traffic: 65,000+ cars/day; Traffic impressions cited: 24,000,000 car impressions/year
