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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6980 40th N St Pinellas Park, FL 33781-6116

    • Grocery and convenience stores
    • 2,585 SF
    • 0.76 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2024
    $1,700,000
    Value Estimations
    $1,775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2811858
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Citibank ATM / Atm
    • 7-Eleven / Convenience Store
    • Western Union / Money Transfer Service

    Property Details for 6980 40th N St

    Year built
    1986
    Construction
    CONCRETE BLOCKS
    Lot size
    0.76 lot acres
    Property size
    2,585 SF
    Property type
    Grocery and convenience stores
    APN
    34-30-16-53766-001-0010
    APU
    343016537660010010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,700,000
      ML approach
      $1,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,991,000
      Market price range: $1.62M - $4.32M
      AI Estimate
      $1,991,000
      Market price range: $1.62M - $4.32M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,610,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pinellas Park
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6873
    Latitude
    27.8353
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,610
    $0.00
    $0.00
    $625,000
    -
    $345,024
    $279,976
    $625,000

    Comparable in this City

    • Value Estimation by Request
      59,082 SF

      4701 Park N Blvd

      GROCERY, SUPERMARKET • 59,082 SF
      4701 Park N Blvd, Pinellas Park, FL 33781-3533
      View Details
    • Value Estimation by Request
      2,720 SF

      5790 62nd N Ave

      CONVENIENCE STORE • 2,720 SF
      5790 62nd N Ave, Pinellas Park, FL 33781-5500
      View Details
    • Value Estimation by Request
      40,626 SF

      6900 Us Hwy 19th N

      GROCERY, SUPERMARKET • 40,626 SF
      6900 Us Hwy 19th N, Pinellas Park, FL 33781-6246
      View Details
    • Value Estimation by Request
      1,176 SF

      6791 66th N St

      CONVENIENCE STORE • 1,176 SF
      6791 66th N St, Pinellas Park, FL 33781-5035
      View Details
    • Value Estimation by Request
      2,358 SF

      4801 Park N Blvd

      CONVENIENCE STORE • 2,358 SF
      4801 Park N Blvd, Pinellas Park, FL 33781-3530
      View Details
    • Value Estimation by Request
      16,510 SF

      6700 66th N St

      GROCERY, SUPERMARKET • 16,510 SF
      6700 66th N St, Pinellas Park, FL 33781-5034
      View Details

    Similar Nearby for Sale

    • $500,000
      1,160 SF

      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
      View Details
    • $6,500,000
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      Pinellas Park Retail Opportunity

      NNN leased retail building with rental increases and options.
      4800 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 high traffic and drive-thru potential.
      4980 Park Blvd N, Pinellas Park, FL 33781
      View Details
    • $1,995,000
      5,730 SF

      Park Blvd Office Building Investment

      Pinellas Park, FL Office Building - Owner/User Opportunity
      5223 Park Blvd, Pinellas Park, FL 33781
      View Details
    • $350,000
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      Pinellas Park Duplex Investment Opportunity

      Two-unit property near dining, shopping, and Gulf beaches.
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    • $129,000

      Pinellas Park Specialty Property

      Specialty property for sale in Pinellas Park, Florida.
      34483 Cactus Dr N, Pinellas Park, FL 33781
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    Similar Nearby for Lease

    • Contact for pricing
      81,299 SF

      Park 66 Plaza Retail Space

      Pinellas Park storefront, 10 sq ft available
      7450-7660 66Th St, Pinellas Park, FL 33781
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in Pinellas Park

      Retail space with open layout and prominent signage opportunities.
      6851 66Th St N, Pinellas Park, FL 33781
      View Details
    • $22 SF/Yr
      6,573 SF

      Park Blvd Retail Space - Pinellas Park

      Prime Retail Space, High Traffic Area
      6980 Park Blvd, Pinellas Park, FL 33781
      View Details
    • Contact for pricing
      10 SF

      Retail Space in Pinellas Park

      Retail space available at a busy intersection in Pinellas Park.
      7560 66Th St N, Pinellas Park, FL 33781
      View Details
    • $19 SF/Yr
      3,900 SF

      Pinellas Park Retail Space Available

      Retail space available for lease in Pinellas Park, Florida.
      8200 66Th St, Pinellas Park, FL 33781
      View Details
    • $19 SF/Yr
      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
      View Details
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    Pinellas Park, FL 33781-6116
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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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