Retail Strip Plaza with
For Sale
$1,195,000
9933 SEMINOLE BOULEVARD, Seminole, FL 33772
5-unit retail strip includes multiple storage units at the rear with excess land and room for heavy-vehicle parking.
Property Size7,144 SF
Lot Size2.20 Acres
Price / SF$167.27
Days on Market118
Property Features for 9933 SEMINOLE BOULEVARD
General Information
Standard status
Active
Size
7,144 SF
Lot size
2.20 Acres
Zoning
C-2
Taxes and HOA fees
Annual Taxes
$8,535
Amenities
Central Air
Building Details
Building Size
7,144 SF
Year Built
1958
Stories
1
Listing Agency:
High Point Realty Inc
(727) 804-2116
Listed By:
David Kerr · License #BK3235605
(727) 804-2116
Source:
Evrealestate
Added: Apr 29
Changed: Aug 23
Last Checked: Aug 24 at 5:44AM
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 High Point Realty Inc
Investment Insights
Based on property information with market context.
This for-sale strip plaza combines front retail space with rear self-storage. The property features a 5-unit plaza with a furniture store occupying three units, along with a furniture repair store and a barber. In the back, there are three large storage units and three smaller storage units. The site also includes excess land and room for parking heavy vehicles.
The property is located on a 2.2-acre lot with exposure to Seminole Blvd, supporting convenient visibility for the existing mix of uses.
Overall, the configuration provides on-site retail frontage along with multiple storage bays at the rear, complemented by additional land area for continued site utility.
The property is located on a 2.2-acre lot with exposure to Seminole Blvd, supporting convenient visibility for the existing mix of uses.
Overall, the configuration provides on-site retail frontage along with multiple storage bays at the rear, complemented by additional land area for continued site utility.
Key Highlights
- 5‑unit retail strip plaza built in 1958 on a 2.2 AC lot
- Includes 3 large storage units plus 3 smaller storage units at the rear
- Excess land for future development and additional parking for heavy vehicles
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
$70,136
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
5.87%
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%
$1,402,720
$1.4M
Cap Rate 7%
$1,001,943
$1.0M
Cap Rate 9%
$779,289
$779.3K
Market Conditions
NOI Build-Up for 7,144 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
$107.2K $15.00/SF
− Vacancy
−$7.0K −$0.98/SF
EGI
$100.2K $14.03/SF
− OpEx
−$30.1K −$4.21/SF
NOI
$70.1K $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%
$1,402,720
Cap Rate 7%
$1,001,943
Cap Rate 9%
$779,289
Alternative Uses
Best Use
Retail
$1.00M
$876.7K – $1.17M
NOI $70,136 @ 7.0% cap · market cap 5.87%
Second Best
Self Storage
$946.4K
$828.1K – $1.10M
NOI $66,251 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,075 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - 5-unit retail strip includes multiple storage units at the rear with excess land and room for heavy-vehicle parking.
Where is this strip mall located?
The property is located at 9933 SEMINOLE BOULEVARD Seminole, FL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 5‑unit retail strip plaza built in 1958 on a 2.2 AC lot; Includes 3 large storage units plus 3 smaller storage units at the rear; Excess land for future development and additional parking for heavy vehicles
