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    7450-7660 66Th St Pinellas Park, FL 33781
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    7450-7660 66Th St, Pinellas Park, FL 33781

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    • Retail properties & Spaces
    • 81,299 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Park 66 Plaza / Shopping Center & Mall

    Property Details for 7450-7660 66Th St

    Property type
    Retail properties & Spaces
    Property subtype
    Storefront properties

    Description

    Park 66 Plaza, located at 7450-7660 66th Street North in Pinellas Park, Florida (zip code 33781), presents a unique retail leasing opportunity. This property, situated in Pinellas County, is classified as a retail storefront within a larger building. The entire building encompasses 81,299 square feet and currently consists of a single suite. While the building itself is a substantial size, the available space for lease is currently limited to only 10 square feet. This small space is ideal for a business requiring a minimal footprint, perhaps a kiosk or a supplementary location for an existing enterprise. The property's address is easily accessible within Pinellas Park, offering convenient access for both customers and employees. The specific nature of the existing tenant within the larger building is not disclosed. This listing focuses solely on the immediate availability of the 10 square foot space. Interested parties are encouraged to inquire further regarding lease terms and conditions. The property is located at latitude 27.8402583 and longitude -82.7296689.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pinellas Park
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7297
    Latitude
    27.8403

    Comparable in this City

    • Value Estimation by Request
      6,573 SF

      6980 Park Blvd

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    • Value Estimation by Request
      432 SF

      6289 Park N Blvd

      NURSERY, GREENHOUSE, FLORIST
      6289 Park N Blvd, Pinellas Park, FL 33781-3239
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    • Value Estimation by Request
      8,302 SF

      6225 Park Blvd

      Retail properties & Spaces
      6225 Park Blvd, Pinellas Park, FL 33781
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    • Value Estimation by Request
      2,500 SF

      7930 Us Highway 19

      Lifestyle centers
      7930 Us Highway 19, Pinellas Park, FL 33781
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    • Value Estimation by Request
      2,400 SF

      7860 Hwy

      Neighborhood centers
      7860 Hwy, Pinellas Park, FL 33781
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    • Value Estimation by Request
      7,431 SF

      6300-6314 Park Blvd

      Multifamily properties
      6300-6314 Park Blvd, Pinellas Park, FL 33781
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,262 SF

      Pinellas Park Mixed-Use Opportunity

      Mixed-use property in high-demand Pinellas Park location.
      4861 81St Ave, Pinellas Park, FL 33781
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      1,558 SF

      Prime Vacant Land Opportunity

      One acre of vacant land with premium zoning.
      6200 Park Blvd, Pinellas Park, FL 33781
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    • $500,000
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      High-Visibility Retail Building with Drive-Thru

      Stand-alone retail building with drive-thru potential on a high-traffic intersection.
      4980 Park Blvd N, Pinellas Park, FL 33781
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    • $500,000
      1,160 SF

      High-Visibility Retail Building with Drive-Thru

      Stand-alone retail building with high traffic and drive-thru potential.
      4980 Park Blvd N, Pinellas Park, FL 33781
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    • Contact for pricing
      1,160 SF

      High-Visibility Retail/Office Building

      Stand-alone building with drive-thru potential on Park Boulevard.
      4980 Park Blvd N, Pinellas Park, FL 33781
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    • $2,300,000
      8,516 SF

      Pinellas Park Industrial/Automotive Property

      8,516 SF industrial property in Pinellas Park, Florida.
      3580 66Th Ave N, Pinellas Park, FL 33781
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    Similar Nearby for Lease

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      10 SF

      Retail Space in Pinellas Park

      Retail space available at a busy intersection in Pinellas Park.
      7400 66Th St N, Pinellas Park, FL 33781
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    • Contact for pricing
      2,771 SF

      Retail Space on Park Boulevard

      Retail space available for lease in Pinellas Park, Florida.
      6950-6980 Park Blvd, Pinellas Park, FL 33781
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    • $37,200
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      Pinellas Park Retail Space Available

      Retail space for rent in Pinellas Park, Florida.
      5630 Park Blvd N A & B, Pinellas Park, FL 33781
      View Details
    • Contact for pricing
      10 SF

      Retail Space in Pinellas Park

      Retail leasing opportunity at a busy intersection in Pinellas Park.
      7450-7660 66Th St North, Pinellas Park, FL 33781
      View Details
    • $37,200

      Prime Retail Space on Park

      Class B retail space on a bustling main thoroughfare.
      5630 Park Blvd N A & B, Pinellas Park, FL 33781
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    • $5,688 /Mo
      3,900 SF

      Pinellas Park Retail Space Available

      High-visibility storefront in high-traffic area with great parking.
      8200 66Th St N, Pinellas Park, FL 33781
      View Details
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    Pinellas Park, FL 33781
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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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