B-1 Zoned Office
New
For Sale
$225,000
6767 49TH STREET N, Pinellas Park, FL 33781
Flexible small-office property with a kitchen, hardwood flooring, newer windows, laundry room, and rear storage shed.
Property Size812 SF
Price / SF$277.09
Days on Market5
Property Features for 6767 49TH STREET N
General Information
Standard status
Active
Size
812 SF
Property subtype
Commercial
Zoning
B-1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,417
Amenities
Full kitchen
laundry room
Central air
Pool
Public Pool
Central Air Cooling
Building Details
Year Built
1953
Buildings
1
Listing Agency:
REALTY EXPERTS
(727) 888-1000
Listed By:
GRAHAM MUNCE · License #3242854
(727) 902-3394
Source:
Corcoran
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 18 at 7:57AM
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 REALTY EXPERTS
Investment Insights
Based on property information with market context.
Built in 1953, this office building presents a residential-style layout with two rooms that can function as bedrooms or offices, along with one bathroom. Interior features include a full kitchen, hardwood floors, newer windows, and a dedicated laundry room. A storage shed is located behind the building, and the property uses septic service.
The property is located at 6767 49TH N in Pinellas Park, Florida, and carries B-1 general commercial zoning according to the city. Prospective users should confirm intended use and zoning requirements with the city. Walk Score is 49, Bike Score is 42, and Transit Score is 26.
The property is located at 6767 49TH N in Pinellas Park, Florida, and carries B-1 general commercial zoning according to the city. Prospective users should confirm intended use and zoning requirements with the city. Walk Score is 49, Bike Score is 42, and Transit Score is 26.
Key Highlights
- B‑1 general commercial zoning
- 1953 construction date
- Two‑room layout with one bathroom
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
$12,607
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
5.60%
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%
$252,140
$252.1K
Cap Rate 7%
$180,100
$180.1K
Cap Rate 9%
$140,078
$140.1K
Market Conditions
NOI Build-Up for 812 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
$21.1K $26.04/SF
− Vacancy
−$4.3K −$5.34/SF
EGI
$16.8K $20.70/SF
− OpEx
−$4.2K −$5.18/SF
NOI
$12.6K $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%
$252,140
Cap Rate 7%
$180,100
Cap Rate 9%
$140,078
Alternative Uses
Best Use
Office B
$180.1K
$157.6K – $210.1K
NOI $12,607 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$211.2K
$184.8K – $246.4K
NOI $14,785 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,678
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
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible small-office property with a kitchen, hardwood flooring, newer windows, laundry room, and rear storage shed.
Where is this office building located?
The property is located at 6767 49TH STREET N Pinellas Park, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: B‑1 general commercial zoning; 1953 construction date; Two‑room layout with one bathroom
