Fully Renovated Corner
For Sale
$400,000
9200 66th Street, Pinellas Park, FL 33782
Fully renovated retail property on a busy thoroughfare with corner frontage and new interior finishes.
Property Size2,100 SF
Lot Size0.33 Acres
Price / SF$190.48
Days on Market105
Property Features for 9200 66th Street
General Information
Standard status
Active
Size
2,100 SF
Lot size
0.33 Acres
Property subtype
Office
Zoning
B1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,686
Amenities
3
Building Details
Year Built
2003
Stories
1
Listing Agency:
CENTURY 21 COASTAL ALLIANCE
(727) 867-8633
Listed By:
Randall Ierna · License #173684
Source:
Xome
Added: May 12
Changed: Aug 23
Last Checked: Aug 24 at 5:19AM
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 CENTURY 21 COASTAL ALLIANCE
Investment Insights
Based on property information with market context.
This fully renovated retail property presents a turn-key opportunity with brand new flooring, paint, lighting, and exterior finishes. The building has been updated throughout, providing a fresh, modern appearance for retail use.
The site is located directly on 66th St in Pinellas Park and sits on a corner lot with 100 feet of frontage on a busy thoroughfare. The property is offered for sale with B1 zoning.
The lot totals 0.33 acres, and the building size is listed at 2,100 square feet, supporting a compact retail footprint on a highly visible corner location.
The site is located directly on 66th St in Pinellas Park and sits on a corner lot with 100 feet of frontage on a busy thoroughfare. The property is offered for sale with B1 zoning.
The lot totals 0.33 acres, and the building size is listed at 2,100 square feet, supporting a compact retail footprint on a highly visible corner location.
Key Highlights
- Fully renovated commercial retail property on 66th St. in Pinellas Park
- 0.33‑acre corner lot with 100 ft frontage on a busy thoroughfare
- B1 zoning
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
$20,617
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
5.15%
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%
$412,340
$412.3K
Cap Rate 7%
$294,529
$294.5K
Cap Rate 9%
$229,078
$229.1K
Market Conditions
NOI Build-Up for 2,100 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
$31.5K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$29.5K $14.03/SF
− OpEx
−$8.8K −$4.21/SF
NOI
$20.6K $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%
$412,340
Cap Rate 7%
$294,529
Cap Rate 9%
$229,078
Alternative Uses
Best Use
Retail
$294.5K
$257.7K – $343.6K
NOI $20,617 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.2K
$478.0K – $637.3K
NOI $38,236 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Dollar General
Shops & Services
9,417 visits/mo
0.1 miles
Bangkok Cuisine
Dining
1,772 visits/mo
0.4 miles
Citgo
Shops & Services
1,176 visits/mo
0.2 miles
Bank OZK
Shops & Services
1,105 visits/mo
0.5 miles
Extra Space Storage
Shops & Services
1,052 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Fully renovated retail property on a busy thoroughfare with corner frontage and new interior finishes.
Where is this retail space located?
The property is located at 9200 66th Street Pinellas Park, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Fully renovated commercial retail property on 66th St. in Pinellas Park; 0.33‑acre corner lot with 100 ft frontage on a busy thoroughfare; B1 zoning
