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

    8800 49th N St Pinellas Park, FL 33782-5353

    • Office buildings
    • 15,600 SF
    • 3.76 lot acres
    OFF-MARKET
    Last Sale
    Mar 18, 2024
    $4,000,000
    Value Estimations
    $4,000,000
    Show details
    Cap Rate Potential
    6.5%
    Office buildings
    Location Intelligence
    Property ID
    US18-1538853
    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

    • LevelJump DME, LLC / Medical Equipment Supplier
    • First Stop Medical Supply, Inc. / Medical Supply Store
    • Caring For Your Pain Bracing, Inc. / Medical Supply Store
    • Kilgore Family Cremations / Funeral Home
    • Florida Bartending School Pinellas / Bartending School

    Property Details for 8800 49th N St

    Year built
    1974
    Construction
    CONCRETE BLOCKS
    Lot size
    3.76 lot acres
    Property size
    15,600 SF
    Property type
    Office buildings
    APN
    21-30-16-69822-400-5104
    APU
    213016698224005104

    Description

    This exceptional single-story office park, located at 8800 49th St N in Pinellas Park, Florida (zip code 33782), offers 651 square feet of renovated space across five suites. Built in 1985 and completely renovated in 2023, this property boasts a convenient drive-up, walk-in design, ideal for various businesses. The recent renovations included a complete interior and exterior refresh. Exterior improvements feature new LED wall pack lighting and enhanced security with the installation of security cameras. Interior spaces showcase brand new carpeting or wood flooring, and freshly painted walls, creating a modern and inviting atmosphere. The property's strategic location offers easy access to major transportation arteries, including US Highway 19, I-275, and the Gandy Bridge, providing convenient commutes to both St. Petersburg and Tampa. Three suites are currently available. This Pinellas Park, Pinellas County property presents a fantastic opportunity for businesses seeking a well-maintained, updated office space in a highly accessible location. The property is situated in the Pinellas Park submarket and offers same-day showings.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,000,000
      ML approach
      $4,000,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,305,000
      6.5%
      $3,975,000
      7%
      $3,690,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,085,000
      Current use
      AUTO REPAIR, GARAGE
      $5,130,000
      Change: +26% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,330,000
      Change: +6% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,295,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pinellas Park
    County
    Pinellas
    State
    Florida
    Longitude
    -82.701
    Latitude
    27.8525
    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
    $86,702
    $0.00
    $0.00
    $3,900,000
    -
    $835,838
    $3,064,162
    $3,900,000

    Comparable in this City

    • Value Estimation by Request
      1,302 SF

      8695 66th N St

      PROFESSIONAL BUILDING • 1,302 SF
      8695 66th N St, Pinellas Park, FL 33782-4527
      View Details
    • Value Estimation
      $2,620,000
      9,415 SF

      9375 66th N St

      PROFESSIONAL BUILDING • 9,415 SF
      9375 66th N St, Pinellas Park, FL 33782-4418
      View Details
    • Value Estimation
      $800,000
      4,680 SF

      8831 49th N St

      OFFICE BUILDING • 4,680 SF
      8831 49th N St, Pinellas Park, FL 33782-5335
      View Details
    • Value Estimation
      $1,710,000
      16,663 SF

      10810 Us Hwy 19th N

      OFFICE BUILDING • 16,663 SF
      10810 Us Hwy 19th N, Pinellas Park, FL 33782
      View Details
    • Value Estimation
      $1,910,000
      5,214 SF

      9375 Us Hwy 19th N

      OFFICE BUILDING (MULTI-STORY) • 5,214 SF
      9375 Us Hwy 19th N, Pinellas Park, FL 33782-5419
      View Details
    • Value Estimation
      $595,000
      2,592 SF

      4900 95th N Ave

      PROFESSIONAL BUILDING • 2,592 SF
      4900 95th N Ave, Pinellas Park, FL 33782-3544
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $575,000
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      Pinellas Park Retail/Showroom Space

      1,960 SF free-standing retail/showroom space with great visibility.
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    • $105,900

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      1.92 Acres

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      1.92-acre site, US Hwy 19 frontage.
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    Similar Nearby for Lease

    • Contact for pricing
      21,256 SF

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      10530 47Th St, Pinellas Park, FL 33782
      View Details
    • $22 SF/Yr
      127,667 SF

      Retail Space in Winn Dixie Center

      Retail and office spaces available in Pinellas Park, Florida.
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      Land and Office Space Available

      Land and office space for lease or build-to-suit.
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      Park West Flex Space Available

      4,400 SF Flex Space in Pinellas County
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      Retail and office spaces available on a major highway.
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    • $16 SF/Yr
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      Retail Space on 66th Street

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      View Details
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    8800 49th N St
    Pinellas Park, FL 33782-5353
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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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