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    1420 Pasadena Ave South Pasadena, FL 33707

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    For Lease
    Contact for pricing

    South Pasadena, FL: Prime Office Space

    Lot size:
    6,700 SF

    Property Features for 1420 Pasadena Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,700 SF
    Total Rate
    15633.33

    Spaces For Lease

    at 1420 Pasadena Ave, South Pasadena, FL 33707 Contact us
    Unit Available Space 3

    $28 /Mo

    Size
    2,200 SF
    Contact us
    Unit Available Space 2

    $28 /Mo

    Size
    1,500 SF
    Contact us
    Unit Available Space 1

    $28 /Mo

    Size
    3,000 SF
    Contact us

    We can help!

    Listing Contact
    Chris Niewiarowski
    Chris Niewiarowski

    Listing Agency: European Equities Corporation Listing Agent: Chris Niewiarowski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional South Pasadena, Florida property, located at 1420 Pasadena Ave S, 33707, offers 6,700 square feet of versatile commercial space ideal for a variety of businesses. The building boasts brand new construction and is situated in Pinellas County. Currently, there are three available spaces ranging from 1,500 to 3,000 square feet each, perfect for businesses seeking flexible layouts. The property's classification includes retail, office, and restaurant uses, making it suitable for a wide range of tenants. The building's design caters to both traditional office and medical office needs, offering a modern and functional environment. Multiple tenancy options are available, providing flexibility for businesses of varying sizes and requirements. This prime location in South Pasadena offers excellent visibility and accessibility, making it an attractive option for businesses looking to establish or expand their presence in a thriving community. The property's total square footage provides ample space for growth and expansion, while the individual unit sizes offer scalability for businesses of different sizes. This is a rare opportunity to secure space in a newly constructed building in a desirable location. Inquire today to learn more about leasing opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    South Pasadena
    County
    Pinellas
    State
    Florida
    Longitude
    -82.73699312
    Latitude
    27.75524491

    Nearby Similar for Lease

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      750 SF

      Retail Space in South Pasadena

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      6818 S Gulfport Blvd, South Pasadena, FL
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    • $450 /Mo
      6,160 SF

      Prime South Pasadena Retail Outparcel

      High-traffic retail space, flexible lease
      1100 Pasadena Ave, South Pasadena, FL 33707
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    • Contact for pricing
      163,746 SF

      South Pasadena Retail Center

      Prime Retail Space Available in South Pasadena
      0 S & Pasadena Ave, South Pasadena, FL 33707
      View Details

    FAQs

    What type of property is this?
    Restaurant - South Pasadena, FL: Prime Office Space
    Where is this restaurant located?
    The property is located at 1420 Pasadena Ave South Pasadena, FL.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Brand new 6,700 SF commercial building in South Pasadena, FL (33707).; Three available suites ranging from 1,500 to 3,000 square feet each.; Suitable for retail, office, and restaurant uses; adaptable to medical office needs.
    (727) 723-3771 Call to check price and availability
    Request Owner's contact information
    1420 Pasadena Ave South Pasadena, FL 33707
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    South Pasadena, FL 33707
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    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
    1420 Pasadena Ave South Pasadena, FL 33707
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Niewiarowski
    Chris Niewiarowski
    Real Estate License ID: SL3305127
    (727) 723-3771 (727) 420-8162
    Learn more
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