5-Unit Retail Plaza with
New
For Sale
$995,000
9933 SEMINOLE, Seminole, FL 33772
Retail center with existing storefront businesses, rear storage units, and space for heavy-vehicle parking.
Property Size7,144 SF
Lot Size2.20 Acres
Days on Market3
Property Features for 9933 SEMINOLE
General Information
Standard status
Active
Size
7,144 SF
Lot size
2.20 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Self-Storage Units
6
Taxes and HOA fees
Annual Taxes
$8,535
Building Details
Building Size
7,144 SF
Year Built
1958
Tenancy
Multi
Listing Agency:
HIGH POINT REALTY INC
Listed By:
David Kerr · License #BK3235605
(727) 804-2116
Source:
Elliman
Added: Sep 10
Changed: Sep 11
Last Checked: Sep 11 at 10:43AM
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 5-unit retail plaza occupies a 2.2 AC lot and includes a mix of existing commercial occupants. A furniture store uses 3 units, with a furniture repair business and barber operating in the remaining spaces. The rear portion adds 3 large storage units and 3 smaller storage units.
The property fronts Seminole Blvd in Seminole, providing exposure along a busy local roadway. Space on the site accommodates heavy-vehicle parking, while the overall parcel includes excess land beyond the current improvements. Built in 1958, the property combines retail storefronts, storage capacity, and additional site area within one commercial asset.
The property fronts Seminole Blvd in Seminole, providing exposure along a busy local roadway. Space on the site accommodates heavy-vehicle parking, while the overall parcel includes excess land beyond the current improvements. Built in 1958, the property combines retail storefronts, storage capacity, and additional site area within one commercial asset.
Key Highlights
- 5‑unit retail plaza with a furniture store occupying 3 units
- 3 large and 3 smaller storage units at the rear
- 2.2 AC lot with excess land beyond the existing improvements
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
7.05%
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 7.05%
Second Best
Self Storage
$946.4K
$828.1K – $1.10M
NOI $66,251 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,075 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
257
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 - Retail center with existing storefront businesses, rear storage units, and space for heavy-vehicle parking.
Where is this strip mall located?
The property is located at 9933 SEMINOLE Seminole, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5‑unit retail plaza with a furniture store occupying 3 units; 3 large and 3 smaller storage units at the rear; 2.2 AC lot with excess land beyond the existing improvements
