Single-Story Neighborhood Shopping
9534 Seminole Boulevard, Seminole, FL 33772
For Sale
New
Contact for pricing
A mix of retail and service tenants occupies the center, with vacant suites and flexible lease terms.
Property Size18,200 SF
Lot Size1.94 Acres
Price / SF$162.09
Days on Market7
Property Features for 9534 Seminole Boulevard
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Traffic Count
Road Access
Additional Details
Asking Price
Tenant in Place
Amenities
monument signage
Building Details
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
Marcus & Millichap
Listed By:
Christopher Skurka · License #FL SL3567539
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 3:38PM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
This single-story shopping center contains 14 suites in a concrete-block building constructed in 1981. Eleven suites are occupied by neighborhood retail and service businesses, while three suites totaling approximately 4,808 square feet are vacant. One vacant space, formerly used as a restaurant, measures approximately 2,750 square feet and has existing hood infrastructure. Current leases are gross and either month-to-month or have no more than one year remaining. The property encompasses approximately 1.94 acres and has about 126 parking spaces across the front and rear areas.
The center fronts Seminole Boulevard, with approximately 300 feet along the corridor, monument signage and multiple access points. The roadway carries approximately 37,500 vehicles daily. Nearby Seminole City Center includes The Fresh Market, HomeGoods, Ulta Beauty, LA Fitness and Five Below. The surrounding area includes established residential neighborhoods and Valor Preserve at Lake Seminole, a 64-apartment community completed in 2024.
The center fronts Seminole Boulevard, with approximately 300 feet along the corridor, monument signage and multiple access points. The roadway carries approximately 37,500 vehicles daily. Nearby Seminole City Center includes The Fresh Market, HomeGoods, Ulta Beauty, LA Fitness and Five Below. The surrounding area includes established residential neighborhoods and Valor Preserve at Lake Seminole, a 64-apartment community completed in 2024.
Key Highlights
- 18,200‑square‑foot neighborhood shopping center with 14 suites
- Three vacant suites total approximately 4,808 square feet, including a former restaurant space of approximately 2,750 square feet with hood infrastructure
- Eleven occupied suites; existing leases are gross, month‑to‑month or have no more than one year remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$216,707
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,334,140
$4.3M
Cap Rate 7%
$3,095,814
$3.1M
Cap Rate 9%
$2,407,856
$2.4M
Market Conditions
NOI Build-Up for 18,200 SF
Gross rent
$327.6K $18.00/SF
− Vacancy
−$18.0K −$0.99/SF
EGI
$309.6K $17.01/SF
− OpEx
−$92.9K −$5.10/SF
NOI
$216.7K $11.91/SF
Area
Pinellas County, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,334,140
Cap Rate 7%
$3,095,814
Cap Rate 9%
$2,407,856
Alternative Uses
Best Use
Retail
$3.10M
$2.71M – $3.61M
NOI $216,707 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.73M
$4.14M – $5.52M
NOI $331,377 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
37,500 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33772, FL
24,121
Population
12,340
Households
2
Avg Household Size
51
Median Age
32%
College-Educated
93%
High-School Grad
5.3 sq mi
ZIP Area
4,551
Density / Sq Mi
$74,026
Median Household Income
$46,187
Median Earnings
$1,454
Median Rent
$327,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Bay Ridge center — 8896 Seminole Blvd, Seminole, FL 33772
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- Coinstar Kiosk | Bitcoin ATM — Winn Dixie, 10202 Seminole Blvd, Seminole, FL 33778
Frequently Asked Questions
What type of property is this?
Shopping center - A mix of retail and service tenants occupies the center, with vacant suites and flexible lease terms.
Where is this shopping center located?
The property is located at 9534 Seminole Boulevard Seminole, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 18,200‑square‑foot neighborhood shopping center with 14 suites; Three vacant suites total approximately 4,808 square feet, including a former restaurant space of approximately 2,750 square feet with hood infrastructure; Eleven occupied suites; existing leases are gross, month‑to‑month or have no more than one year remaining
