Corner Restaurant
For Sale
$750,000
5145 Gulfport Boulevard, Gulfport, FL 33707
Corner site with existing restaurant infrastructure, on-site parking, and signalized access on a high-traffic Gulfport corridor.
Property Size2,178 SF
Price / SF$344.35
Days on Market140
Property Features for 5145 Gulfport Boulevard
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Retail
Zoning
C1
Additional Details
Traffic Count
15,400 vehicles/day
Taxes and HOA fees
Annual Taxes
$7,347
Amenities
Central Air
Building Details
Year Built
1954
Stories
1
Listing Agency:
THE OUTLIER GROUP
(888) 966-4820
Listed By:
Laurie Lane
Source:
Xome
Added: Apr 7
Changed: Aug 23
Last Checked: Aug 24 at 4:45AM
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 THE OUTLIER GROUP
Investment Insights
Based on property information with market context.
Located at a highly visible Gulfport crossroads, 5145 Gulfport Blvd S is a corner commercial building that includes existing restaurant infrastructure and air-conditioned interior space. The property’s prior use was Smokin’ J’s BBQ, and it’s positioned for operation as-is, expansion, or redevelopment. With on-site parking and signalized access, the site is built for straightforward customer access and day-to-day service.
The property sits on a busy corridor with reported daily traffic of 15,400 cars. Nearby commercial activity includes Annex Coffee next door and Shell across the way, with McDonald’s within minutes. The location is also described as having access support from bus lines and regional connections via Tampa Amtrak and nearby airports including St. Pete–Clearwater International Airport and Tampa International Airport.
For tenants, owners, and developers, the combination of a usable restaurant setup and C1 zoning provides practical flexibility. The site may support a range of concepts, including modern retail and boutique hospitality, coffee-oriented uses, QSR formats, or a complete reimagining. Existing improvements plus a prominent corner setting can help reduce initial buildout friction for operators looking to establish a recognizable presence along this traffic-driving intersection.
The property sits on a busy corridor with reported daily traffic of 15,400 cars. Nearby commercial activity includes Annex Coffee next door and Shell across the way, with McDonald’s within minutes. The location is also described as having access support from bus lines and regional connections via Tampa Amtrak and nearby airports including St. Pete–Clearwater International Airport and Tampa International Airport.
For tenants, owners, and developers, the combination of a usable restaurant setup and C1 zoning provides practical flexibility. The site may support a range of concepts, including modern retail and boutique hospitality, coffee-oriented uses, QSR formats, or a complete reimagining. Existing improvements plus a prominent corner setting can help reduce initial buildout friction for operators looking to establish a recognizable presence along this traffic-driving intersection.
Key Highlights
- C1‑zoned corner commercial site at 5145 Gulfport Blvd S with existing restaurant infrastructure
- High daily traffic corridor with 15,400 cars daily and signalized access
- On‑site parking for customer convenience
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
$24,208
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
3.23%
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%
$484,160
$484.2K
Cap Rate 7%
$345,829
$345.8K
Cap Rate 9%
$268,978
$269.0K
Market Conditions
NOI Build-Up for 2,178 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
$34.0K $15.60/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$32.3K $14.82/SF
− OpEx
−$8.1K −$3.70/SF
NOI
$24.2K $11.11/SF
Area
Pinellas County, FL
Vacancy
5.00%
Lease Rate
$15.60 /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%
$484,160
Cap Rate 7%
$345,829
Cap Rate 9%
$268,978
Alternative Uses
Best Use
Specialty Retail
$345.8K
$302.6K – $403.5K
NOI $24,208 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.5K
$495.7K – $660.9K
NOI $39,656 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15,400 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
54k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 42%
Groceries 9%
McDonald's
Dining
22,609 visits/mo
0.0 miles
Dollar General
Shops & Services
6,115 visits/mo
0.4 miles
Save-A-Lot
Groceries
5,071 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,968 visits/mo
0.1 miles
Chevron
Shops & Services
4,425 visits/mo
0.2 miles
Demographics for 33707, FL
24,646
Population
16,579
Households
1.5
Avg Household Size
58
Median Age
40%
College-Educated
95%
High-School Grad
5.3 sq mi
ZIP Area
4,650
Density / Sq Mi
$68,560
Median Household Income
$45,513
Median Earnings
$1,512
Median Rent
$344,600
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corner site with existing restaurant infrastructure, on-site parking, and signalized access on a high-traffic Gulfport corridor.
Where is this conventional restaurant located?
The property is located at 5145 Gulfport Boulevard Gulfport, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: C1‑zoned corner commercial site at 5145 Gulfport Blvd S with existing restaurant infrastructure; High daily traffic corridor with 15,400 cars daily and signalized access; On‑site parking for customer convenience
