Restaurant Building with Tenant
7863 Blind Pass Rd., St Pete Beach, FL 33706
For Sale
Contact for pricing
Kitchen and dining equipment convey, and the covered front walkway can accommodate outdoor seating.
Property Size5,095 SF
Lot Size0.36 Acres
Price / SF$313.84
Days on Market20
Property Features for 7863 Blind Pass Rd.
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Furnished
Equipment Included
Tenant in Place
Building Details
Buildings
Stories
Construction
Tenancy
Listing Agency:
Vector Commercial Real Estate
Listed By:
Blakemore Kearney · License FL BK3132574
(727) 455-5150
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 3:58PM
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 Vector Commercial Real Estate
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Investment Insights
Based on property information with market context.
This single-story concrete block property contains 5,095 SF, including a 2,682 SF restaurant suite and two additional leased spaces. The restaurant suite is equipped with kitchen equipment, tables, chairs, plates, and dishes. A covered walkway at the front can support outdoor seating. The 0.36-acre site has 19 parking spaces. Sandcastle Realty occupies 1,540 SF, while Abbott Flooring & Renovations leases 873 SF.
The building received a new roof in 2025, with HVAC updates completed in 2021 and 2024.
The building received a new roof in 2025, with HVAC updates completed in 2021 and 2024.
Key Highlights
- 5,095 SF single‑story concrete block building on 0.36 acres
- 2,682 SF restaurant suite with kitchen equipment, tables, chairs, plates, and dishes
- Two leased suites: Sandcastle Realty (1,540 SF) and Abbott Flooring & Renovations (873 SF)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,742
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,840
$1.4M
Cap Rate 7%
$967,743
$967.7K
Cap Rate 9%
$752,689
$752.7K
Market Conditions
NOI Build-Up for 5,095 SF
Gross rent
$96.6K $18.96/SF
− Vacancy
−$6.3K −$1.23/SF
EGI
$90.3K $17.73/SF
− OpEx
−$22.6K −$4.43/SF
NOI
$67.7K $13.30/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,840
Cap Rate 7%
$967,743
Cap Rate 9%
$752,689
Alternative Uses
Best Use
Specialty Retail
$967.7K
$846.8K – $1.13M
NOI $67,742 @ 7.0% cap · market cap 4.24%
Second Best
Retail
$866.7K
$758.3K – $1.01M
NOI $60,666 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,767 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Home Improvements & Furnishings 34%
Dining 6%
Exxon
Shops & Services
4,824 visits/mo
0.3 miles
Crowder Bros. Hardware
Home Improvements & Furnishings
3,658 visits/mo
0.3 miles
Bank of America
Shops & Services
2,883 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,656 visits/mo
0.3 miles
Citgo
Shops & Services
1,444 visits/mo
0.2 miles
Demographics for 33706, FL
15,309
Population
14,199
Households
1.1
Avg Household Size
60
Median Age
54%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,138
Density / Sq Mi
$97,364
Median Household Income
$80,504
Median Earnings
$1,646
Median Rent
$616,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Pinellas County, FL
Properties on Market for Conventional restaurants in Pinellas County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Kitchen and dining equipment convey, and the covered front walkway can accommodate outdoor seating.
Where is this conventional restaurant located?
The property is located at 7863 Blind Pass Rd. St Pete Beach, FL.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 5,095 SF single‑story concrete block building on 0.36 acres; 2,682 SF restaurant suite with kitchen equipment, tables, chairs, plates, and dishes; Two leased suites: Sandcastle Realty (1,540 SF) and Abbott Flooring & Renovations (873 SF)
