Vacant Retail Building with Street
For Sale
Contact for pricing
9300 49th Street, Pinellas Park, FL 33782
Vacant retail building with strong corridor visibility and direct access for an owner-user or retail service concept.
Property Size2,401 SF
Price / SF$281.13
Days on Market66
Property Features for 9300 49th Street
General Information
Standard status
Active
Size
2,401 SF
Property subtype
Retail
Zoning
General Commercial
Investment Type
Owner/User
Building Details
Year Built
1966
Buildings
1
Stories
1
Listing Agency:
Saunders Real Estate
(813) 499-9529
Listed By:
Ryan McGimsey · License #SL3593108
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 8 at 2:20PM
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 vacant retail building is positioned for direct street exposure along 49th Street North in Pinellas Park. The property is sized at approximately 2,401 square feet and is set up to support a range of service-commercial, neighborhood retail, and business-use concepts for an owner-operator.
Located directly on a primary north-south corridor, the site is described as providing strong visibility and direct access to approximately 39,000 ± vehicles per day. Connectivity is further supported by convenient access to US-19, Park Boulevard, and other major north-south routes, with US Highway 19 minutes to the north and Interstate 275 to the east linking toward St. Petersburg, Tampa, and the broader Tampa Bay region.
For owner-users, the emphasis is on established commercial frontage in an infill Pinellas County setting where the submarket is described as supply-constrained. The adjacent parcel to the south is also available and includes a retail and industrial building totaling a combined 8,880 square feet, offering an option for expansion or an alternate ownership strategy. Please refer to the flyer for a detailed map.
Located directly on a primary north-south corridor, the site is described as providing strong visibility and direct access to approximately 39,000 ± vehicles per day. Connectivity is further supported by convenient access to US-19, Park Boulevard, and other major north-south routes, with US Highway 19 minutes to the north and Interstate 275 to the east linking toward St. Petersburg, Tampa, and the broader Tampa Bay region.
For owner-users, the emphasis is on established commercial frontage in an infill Pinellas County setting where the submarket is described as supply-constrained. The adjacent parcel to the south is also available and includes a retail and industrial building totaling a combined 8,880 square feet, offering an option for expansion or an alternate ownership strategy. Please refer to the flyer for a detailed map.
Key Highlights
- Vacant retail building at 9300 49th Street North in Pinellas Park, FL
- Year built: 1966
- Frontage and direct access along 49th Street North, with exposure to approx. 39,000 ± vehicles per day
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
$23,572
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
3.49%
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%
$471,440
$471.4K
Cap Rate 7%
$336,743
$336.7K
Cap Rate 9%
$261,911
$261.9K
Market Conditions
NOI Build-Up for 2,401 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
$36.0K $15.00/SF
− Vacancy
−$2.3K −$0.98/SF
EGI
$33.7K $14.03/SF
− OpEx
−$10.1K −$4.21/SF
NOI
$23.6K $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%
$471,440
Cap Rate 7%
$336,743
Cap Rate 9%
$261,911
Alternative Uses
Best Use
Retail
$336.7K
$294.7K – $392.9K
NOI $23,572 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$624.5K
$546.5K – $728.6K
NOI $43,716 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 26%
Dining 24%
Aldi
Groceries
16,804 visits/mo
0.5 miles
Shell
Shops & Services
13,879 visits/mo
0.1 miles
7-Eleven
Shops & Services
11,937 visits/mo
0.1 miles
Dunkin' Donuts
Dining
11,724 visits/mo
0.5 miles
Shell
Shops & Services
6,534 visits/mo
0.4 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
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Frequently Asked Questions
What type of property is this?
Retail space - Vacant retail building with strong corridor visibility and direct access for an owner-user or retail service concept.
Where is this retail space located?
The property is located at 9300 49th Street Pinellas Park, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Vacant retail building at 9300 49th Street North in Pinellas Park, FL; Year built: 1966; Frontage and direct access along 49th Street North, with exposure to approx. 39,000 ± vehicles per day
