Mixed-Use Property with Retail
For Sale
Contact for pricing
9292 49th Street North & 9300 49th Street, Pinellas Park, FL 33782
Multi-tenant commercial asset combining street-facing retail buildings with a rear small-bay industrial structure.
Property Size11,281 SF
Price / SF$228.26
Days on Market146
Property Features for 9292 49th Street North & 9300 49th Street
General Information
Standard status
Active
Size
11,281 SF
Property subtype
Industrial
Zoning
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Saunders Real Estate
(813) 499-9529
Listed By:
Ryan McGimsey · License #SL3593108
Source:
Crexi
Added: Apr 8
Changed: Aug 30
Last Checked: Aug 30 at 2:09PM
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 Saunders Real Estate
Investment Insights
Based on property information with market context.
This mixed-use commercial property combines two retail buildings along 49th Street North with a separate rear small-bay industrial building. The structures at 9292 49th Street North are leased, while the building at 9300 49th Street North is vacant, creating a combination of existing tenancy and available space. General Commercial zoning is in place.
The property has direct exposure to 49th Street North, a major north-south route reporting approximately 39,000 ± vehicles per day. US Highway 19 is nearby to the north, with Interstate 275 to the east providing connections toward St. Petersburg, Tampa, and the broader Tampa Bay area. The surrounding setting includes established residential areas, commercial centers, and industrial hubs.
The rear warehouse component can accommodate industrial, contractor, storage, or light distribution users, while the frontage buildings support service-commercial and neighborhood retail uses.
The property has direct exposure to 49th Street North, a major north-south route reporting approximately 39,000 ± vehicles per day. US Highway 19 is nearby to the north, with Interstate 275 to the east providing connections toward St. Petersburg, Tampa, and the broader Tampa Bay area. The surrounding setting includes established residential areas, commercial centers, and industrial hubs.
The rear warehouse component can accommodate industrial, contractor, storage, or light distribution users, while the frontage buildings support service-commercial and neighborhood retail uses.
Key Highlights
- Two street‑facing retail buildings plus a rear small‑bay industrial building
- 9292 49th Street North buildings are currently leased; 9300 49th Street North is vacant
- Approximately 39,000 ± vehicles per day along 49th Street North
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
$140,110
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
5.44%
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%
$2,802,200
$2.8M
Cap Rate 7%
$2,001,571
$2.0M
Cap Rate 9%
$1,556,778
$1.6M
Market Conditions
NOI Build-Up for 11,281 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
$243.7K $21.60/SF
− Vacancy
−$19.5K −$1.73/SF
EGI
$224.2K $19.87/SF
− OpEx
−$84.1K −$7.45/SF
NOI
$140.1K $12.42/SF
Area
Pinellas County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$2,802,200
Cap Rate 7%
$2,001,571
Cap Rate 9%
$1,556,778
Alternative Uses
Best Use
Mixed Use
$2.00M
$1.75M – $2.34M
NOI $140,110 @ 7.0% cap · market cap 5.44%
Second Best
Retail
$1.58M
$1.38M – $1.85M
NOI $110,751 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,399 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant commercial asset combining street-facing retail buildings with a rear small-bay industrial structure.
Where is this mixed-use property located?
The property is located at 9292 49th Street North & 9300 49th Street Pinellas Park, FL.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: Two street‑facing retail buildings plus a rear small‑bay industrial building; 9292 49th Street North buildings are currently leased; 9300 49th Street North is vacant; Approximately 39,000 ± vehicles per day along 49th Street North
