Multi-Suite Retail
New
For Sale
$1,750,000
Pending
8625 66TH N, Pinellas Park, FL 33782
Pylon signage and on-site parking serve a property along a heavily traveled commercial corridor.
Property Size6,400 SF
Days on Market5
Property Features for 8625 66TH N
General Information
Standard status
Pending
Size
6,400 SF
Property subtype
Commercial
Site & Location
Pylon Signage
Yes
Traffic Count
38,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$7,794
Building Details
Building Size
6,400 SF
Year Built
1984
Buildings
1
Listing Agency:
Keller Williams Tampa Properties
Listed By:
Alexander Lucke · License #3351552
(727) 410-2896
Source:
Elliman
Added: Sep 28
Last Checked: Oct 1 at 11:34AM
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 Keller Williams Tampa Properties
Investment Insights
Based on property information with market context.
This 6,400-square-foot retail building, constructed in 1984, has adaptable suite arrangements. The configuration may allow an owner to use most of the space while leasing smaller suites, or to adjust the layout as needs change. On-site parking and pylon signage are also in place.
The property fronts a commercial corridor in Pinellas Park that carries approximately 38,000 vehicles per day. Its frontage and roadside sign provide exposure to passing traffic.
The property fronts a commercial corridor in Pinellas Park that carries approximately 38,000 vehicles per day. Its frontage and roadside sign provide exposure to passing traffic.
Key Highlights
- 6,400‑square‑foot retail building constructed in 1984
- Suite layout can accommodate owner occupancy alongside rental of smaller spaces
- Approximately 38,000 vehicles per day on the commercial corridor
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
$62,832
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
3.59%
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%
$1,256,640
$1.3M
Cap Rate 7%
$897,600
$897.6K
Cap Rate 9%
$698,133
$698.1K
Market Conditions
NOI Build-Up for 6,400 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
$96.0K $15.00/SF
− Vacancy
−$6.2K −$0.98/SF
EGI
$89.8K $14.03/SF
− OpEx
−$26.9K −$4.21/SF
NOI
$62.8K $9.82/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,256,640
Cap Rate 7%
$897,600
Cap Rate 9%
$698,133
Alternative Uses
Best Use
Retail
$897.6K
$785.4K – $1.05M
NOI $62,832 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,528 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
38,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
12,614 visits/mo
0.2 miles
Dollar General
Shops & Services
9,417 visits/mo
0.5 miles
Citgo
Shops & Services
1,176 visits/mo
0.1 miles
Extra Space Storage
Shops & Services
1,052 visits/mo
0.1 miles
Demographics for 33782, FL
22,198
Population
10,581
Households
2.1
Avg Household Size
50
Median Age
29%
College-Educated
88%
High-School Grad
5.4 sq mi
ZIP Area
4,111
Density / Sq Mi
$65,487
Median Household Income
$41,676
Median Earnings
$1,767
Median Rent
$253,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Pylon signage and on-site parking serve a property along a heavily traveled commercial corridor.
Where is this retail space located?
The property is located at 8625 66TH N Pinellas Park, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 6,400‑square‑foot retail building constructed in 1984; Suite layout can accommodate owner occupancy alongside rental of smaller spaces; Approximately 38,000 vehicles per day on the commercial corridor
