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    Property profile & analytics

    9025 Park Blvd Seminole, FL 33777

    • Lifestyle centers
    • 7,800 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 9025 Park Blvd

    Year built
    1973
    Lot size
    0.53 lot acres
    Property size
    7,800 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This 7,800 square foot retail shopping center, located at 9025 Park Blvd in Seminole, Florida (Pinellas County, 33777), presents a compelling value-add investment opportunity. Priced at $1,200,000 ($153.85/SF), this multi-tenant property boasts a 74% occupancy rate with six tenants and offers a pro-forma NOI of $102,572 and a pro-forma cap rate of 8.55%. Built in 1973 on a 0.53-acre lot, the property features 30 parking spaces and excellent visibility on Park Boulevard, a high-traffic area with 52,000 vehicles per day. Four of the six tenants have near-term lease rollovers, creating significant potential for rental increases. The property's strong location benefits from proximity to established businesses like McDonald's, Wawa, and CVS, along with other national retailers nearby. The recent vacancy also presents an owner-user opportunity. Pinellas County's robust population growth (over 8% in the last decade) further enhances the long-term investment potential. The property is offered fee simple and has a gross lease type. APN: 26-30-15-48276-001-0241. This is a rare opportunity to acquire a well-located retail center with substantial upside potential in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Seminole
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7654
    Latitude
    27.8397

    Comparable in this City

    • Value Estimation
      $4,835,000
      28,294 SF

      7590 Starkey Rd

      MINI-MALL • 28,294 SF
      7590 Starkey Rd, Seminole, FL 33777-4302
      View Details
    • Value Estimation
      $2,895,000
      10,600 SF

      10801 Starkey Rd

      MINI-MALL • 10,600 SF
      10801 Starkey Rd, Seminole, FL 33777-1159
      View Details
    • Value Estimation
      $4,585,000
      26,396 SF

      8841 Park Blvd

      MINI-MALL • 26,396 SF
      8841 Park Blvd, Seminole, FL 33777-4336
      View Details
    • Value Estimation
      $650,000
      4,604 SF

      7640 Starkey Rd

      SHOPPING CENTER, STRIP CENTER • 4,604 SF
      7640 Starkey Rd, Seminole, FL 33777-4304
      View Details
    • Value Estimation
      $1,015,000
      7,812 SF

      9097 Park Blvd

      SHOPPING CENTER, STRIP CENTER • 7,812 SF
      9097 Park Blvd, Seminole, FL 33777-4130
      View Details
    • Value Estimation
      $960,000
      3,508 SF

      9097 Starkey Rd

      SHOPPING CENTER, STRIP CENTER • 3,508 SF
      9097 Starkey Rd, Seminole, FL 33777-2435
      View Details

    Similar Nearby for Sale

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    • $1,395,000
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    • $1,395,000
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      Lush Land in Seminole, FL

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    Similar Nearby for Lease

    • Contact for pricing
      3,240 SF

      Retail Space Available For Lease

      Retail space available for lease in Seminole, Florida.
      9139 Park Blvd, Seminole, FL 33777
      View Details
    • Contact for pricing
      2,188 SF

      Retail Space on Busy Corner

      Retail space available on a busy, signalized corner.
      7600 Starkey Rd, Seminole, FL 33777
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    • Contact for pricing
      2,000 SF

      Retail Space on Park Boulevard

      Retail spaces available with high visibility and ample parking.
      9025-9097 Park Blvd, Seminole, FL 33777
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    • Contact for pricing
      52,243 SF

      Seminole Retail Center - Prime Location

      High-traffic retail space, redevelopment underway.
      7562 Starkey Rd, Seminole, FL 33777
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    • $24 SF/Yr
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      Retail Space in Publix-Anchored Center

      Retail space available in high-traffic, densely populated area.
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    • $19 SF/Yr
      3,294 SF

      Class A Office Building

      Medical and professional office space available for rent.
      7500 Bryan Dairy Rd, Seminole, FL 33777
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    Seminole, FL 33777
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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