Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pinellas Park Commercial Property For Sale Title is generated by Realmo AI

    8291 66TH STREET N, Pinellas Park, FL 33781

    View on Map
    Claim this Listing
    For Sale
    $129,900

    Commercial property available for sale in Pinellas Park, Florida.

    Type:Business Opportunity
    Property size:
    3,378 SF
    Price / SF:
    $38/SF
    Added:
    Feb 22, 2024
    Days on Market:
    833
    Last Refresh:
    Mar 19 at 2:00 am

    Property Features for 8291 66TH STREET N

    General Information

    Standard status
    Active
    Size
    3,378 SF
    Property subtype
    Business Opportunity

    Building Details

    Year Built
    1963

    We can help!

    Listing Contact
    Valentina Moreno

    Listing agent Valentina Moreno License #3207705

    Listing office

    Listing date Feb 22, 2024

    Source Evrealestate

    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 Valentina Moreno

    HighLights

    • Located in Pinellas County
    • Built in 1963
    • Cooling: Wall/Window Unit(s)
    • Directions: FL‑694 W/Gandy Blvd toward Pinellas Park to 66th St. N

    Overview

    Located in Pinellas Park, Florida, this commercial property offers a total size of 3378 square feet. The property is located off FL-694 W/Gandy Blvd toward Pinellas Park to 66th St. N. The property is classified as a specialty property.
    Location Intelligence

    Current Use by Public Records

    Stingray Customs - Auto ... Auto Repair Shop A+ Modern Mechanix Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pinellas Park
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7282885
    Latitude
    27.8471084

    Nearby Similar for Sale

    • $1,750,000
      6,400 SF

      Pinellas Park Retail Opportunity

      Highly visible retail property with income potential in Pinellas Park.
      8625 66TH STREET N, PINELLAS PARK, FL 33782
      View Details
    • $865,000
      4,832 SF

      Pinellas Park Commercial Property For Sale

      6,960 SF commercial property on corner lot near I-275.
      6401 35TH STREET N, PINELLAS PARK, FL 33781
      View Details
    • $350,000
      1,329 SF

      Income-Producing Duplex in Pinellas Park

      Two homes on one lot, generating immediate income.
      6002 72ND AVENUE N, PINELLAS PARK, FL 33781
      View Details
    • $2,300,000
      8,516 SF

      Pinellas Park Industrial/Automotive Property

      8,516 SF industrial property in Pinellas Park's industrial corridor.
      3580 66th Avenue North, Pinellas Park, FL 33781
      View Details
    • $949,000
      1,696 SF

      Commercial Property on Haines Road

      Commercial property with office, workshop, and storage yard.
      6600 HAINES Rd N, Pinellas Park, FL 33702
      View Details
    • $400,000
      2,100 SF

      Office - PINELLAS PARK, FL

      9200 66TH STREET N, PINELLAS PARK, FL 33782
      View Details
    • $1,750,000
      6,400 SF

      Pinellas Park Retail Property

      Highly visible retail property on heavily traveled commercial corridor.
      8625 66TH St N, Pinellas Park, FL 33782
      View Details
    • $21
      55,000 SF

      Pinellas Park Two-Story Office Building

      55,000 SF office building with high visibility.
      3491 Gandy Blvd N, Pinellas Park, FL 33781
      View Details
    • $899,000
      4,832 SF

      Pinellas Park Commercial Property For Sale

      6,960 SF commercial property on corner lot near I-275.
      6401 35TH STREET N, PINELLAS PARK, FL 33781
      View Details
    • $500,000
      1,160 SF

      High-Visibility Retail Building with Drive-Thru

      Stand-alone retail building with drive-thru potential on a high-traffic intersection.
      4980 PARK BOULEVARD N, PINELLAS PARK, FL 33781
      View Details
    • $500,000
      1,160 SF

      High-Visibility Retail Building with Drive-Thru

      Stand-alone retail building with high traffic and drive-thru potential.
      4980 PARK BOULEVARD N, PINELLAS PARK, FL 33781
      View Details
    • $325,000
      1,262 SF

      Pinellas Park Mixed-Use Opportunity

      Mixed-use property in high-demand Pinellas Park location.
      4861 81ST AVENUE, PINELLAS PARK, FL 33781
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property available for sale in Pinellas Park, Florida.
    Where is this specialty property located?
    The property is located at 8291 66TH STREET N Pinellas Park, FL.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: Located in Pinellas County; Built in 1963; Cooling: Wall/Window Unit(s)
    (813) 317-3347
    We can help!
    Listing Contact
    Valentina Moreno
    Real Estate License ID: 3207705
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8291 66TH STREET N, PINELLAS PARK, FL 33781
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!