Standalone Storefront with Drive-Through
New
For Sale
$500,000
4980 PARK N, Pinellas Park, FL 33781
Open commercial space includes C/H/A, off-street parking, and access to surface transit at the front door.
Property Size1,160 SF
Price / SF$416.67
Days on Market4
Property Features for 4980 PARK N
General Information
Standard status
Active
Size
1,160 SF
Property subtype
Commercial
Site & Location
Corner Location
Yes
Traffic Count
65,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,311
Building Details
Building Size
1,160 SF
Year Built
1964
Buildings
1
Construction
solid block
Listing Agency:
Sunlovers Realty Group
(727) 595-4000
Listed By:
Michael Gundolfi · License #617711
(727) 595-4000
Source:
Elliman
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 29 at 1:09PM
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 Sunlovers Realty Group
Investment Insights
Based on property information with market context.
This standalone solid-block storefront contains 1,200 SF of open commercial space with C/H/A. The layout has supported retail, office, personal services, insurance, salon, and smoke shop operations, and the property includes off-street parking with drive-through potential.
Positioned at the Park and 49th Street intersection in Pinellas Park, the building is exposed to 65,000+ cars per day. Park Plaza Shopping Center is next door, with additional retail, office, commercial, and entertainment businesses within walking distance. Surface transit serves the frontage, and the property offers access to downtown St. Pete, the beaches, PIE, US275, US19, Tampa, and surrounding Tampa Bay destinations.
Positioned at the Park and 49th Street intersection in Pinellas Park, the building is exposed to 65,000+ cars per day. Park Plaza Shopping Center is next door, with additional retail, office, commercial, and entertainment businesses within walking distance. Surface transit serves the frontage, and the property offers access to downtown St. Pete, the beaches, PIE, US275, US19, Tampa, and surrounding Tampa Bay destinations.
Key Highlights
- 1,200 SF of open commercial space
- 65,000+ cars/day at Park and 49th Street intersection
- Standalone solid‑block building
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
$18,632
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
3.73%
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%
$372,640
$372.6K
Cap Rate 7%
$266,171
$266.2K
Cap Rate 9%
$207,022
$207.0K
Market Conditions
NOI Build-Up for 1,200 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
$31.2K $26.04/SF
− Vacancy
−$6.4K −$5.34/SF
EGI
$24.8K $20.70/SF
− OpEx
−$6.2K −$5.18/SF
NOI
$18.6K $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%
$372,640
Cap Rate 7%
$266,171
Cap Rate 9%
$207,022
Alternative Uses
Best Use
Office B
$266.2K
$232.9K – $310.5K
NOI $18,632 @ 7.0% cap · market cap 3.73%
Second Best
Retail
$168.3K
$147.3K – $196.4K
NOI $11,781 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$312.1K
$273.1K – $364.2K
NOI $21,849 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
65,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
Under-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial space includes C/H/A, off-street parking, and access to surface transit at the front door.
Where is this storefront property located?
The property is located at 4980 PARK 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: 1,200 SF of open commercial space; 65,000+ cars/day at Park and 49th Street intersection; Standalone solid‑block building
