Established Restaurant and Catering
New
For Sale
$690,000
Diner Restaurant, Largo, FL
Business Opportunity, Largo, FL
Property Size7,000 SF
Price / SF$98.57
Days on Market4
Property Features for Diner Restaurant
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
5940 - Other Florida County
Standard status
Active
Size
7,000 SF
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Building materials
Block
Roof type
Shingle
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Giovanni Tanzi · License #3591541
(917) 658-7203
Added: Sep 10
Changed: Sep 11
Last Checked: Sep 13 at 6:06PM
MLS# B26074886
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established restaurant and catering operation occupies 7,000 square feet in Largo, Florida, with a format centered on breakfast and homestyle American food incorporating Italian and Greek influences. The business includes established recipes, trained staff, and operating systems, while the current owner works approximately 20 hours per week. Building improvements include block construction, a shingle roof, central heating, and central air conditioning.
The property is served by public water and public sewer. The restaurant has operated for many years and offers both dine-in service and catering capabilities. Its menu includes a full breakfast selection along with comfort-food offerings, providing a clear operating platform for continued restaurant use and catering activity.
The property is served by public water and public sewer. The restaurant has operated for many years and offers both dine-in service and catering capabilities. Its menu includes a full breakfast selection along with comfort-food offerings, providing a clear operating platform for continued restaurant use and catering activity.
Key Highlights
- 7,000‑square‑foot restaurant and catering operation
- Full breakfast menu with American, Italian, and Greek influences
- Established recipes, trained staff, and operating systems
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
$51,337
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
7.44%
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%
$1,026,740
$1.0M
Cap Rate 7%
$733,386
$733.4K
Cap Rate 9%
$570,411
$570.4K
Market Conditions
NOI Build-Up for 7,000 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
$77.3K $11.04/SF
− Vacancy
−$3.9K −$0.56/SF
EGI
$73.3K $10.48/SF
− OpEx
−$22.0K −$3.14/SF
NOI
$51.3K $7.33/SF
Area
Pinellas County, FL
Vacancy
5.10%
Lease Rate
$11.04 /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%
$1,026,740
Cap Rate 7%
$733,386
Cap Rate 9%
$570,411
Alternative Uses
Best Use
Specialty Retail
$1.11M
$972.6K – $1.30M
NOI $77,805 @ 7.0% cap · market cap 11.28%
Second Best
Industrial
$733.4K
$641.7K – $855.6K
NOI $51,337 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,453 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - 7,000-square-foot operation with breakfast service, trained staff, established recipes, and catering capabilities.
Where is this restaurant located?
The property is located at Diner Restaurant Largo, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 7,000‑square‑foot restaurant and catering operation; Full breakfast menu with American, Italian, and Greek influences; Established recipes, trained staff, and operating systems
