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Property profile & analytics
OFF-MARKET
Estimated value
$6,035,000
Office buildings
8800 49th N St Pinellas Park, FL 33782-5353
Entity Owned
Free & Clear
Property ID
US18-1538853
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
15,600 SF
Lot
3.76 ac (163,895 SF)
APN
21-30-16-69822-400-5104
UPID
US18-1538853
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
LevelJump DME, LLC Production Facility
-
First Stop Medical Supply, Inc. Medical Supply Store
-
Caring For Your Pain Bracing, Inc. Medical Supply Store
-
Kilgore Family Cremations Social Service Agency
-
Florida Bartending School Pinellas Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
$3.98M
Comparable Approach
Comparable
$5.87M
Blend (final)
Blend
$6.04M
Owner & transaction history
Bika Ind LLC
Bika Ind LLC
since 2025
Last sale
$6.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.7M
+138.0%
Restaurant
$8.8M
+116.3%
Auto repair, garage
$5.1M
+25.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pinellas Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pinellas Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue 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
COMMERCIAL (GENERAL)
$9,725,000
Change: +138% · Conversion: Easy
RESTAURANT
$8,835,000
Change: +116% · Conversion: Moderate
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
Blend value · Realmo final
$6.04M
Range $5.43M – $6.64M · ±10% · vs last sale $6.19M (Dec 29 2025)
Last sale anchor
$6.19M
Dec 29 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$387 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$86,702
Tax year 2023
Assessed value
$3,900,000
Assessed 2023
Previous assessed
$3,900,000
+0.0% YoY
Effective rate
2.22%
On assessed value
Land market value
$835,838
Improvement market value
$3,064,162
Total market value
$3,900,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Bathrooms
15
Total area
15,600 SF
Lot
3.76 ac (163,895 SF)
APN
21-30-16-69822-400-5104
UPID
US18-1538853
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$9.7M
RESTAURANT
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$4.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
15
Lot
3.76 ac
Current owner
From public records · entity-resolved
Bika Ind LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2511 N HIATUS RD #433, HOLLYWOOD, FL 33026-1301
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
$6,194,100
Bika Ind LLC
Banyan 8800 LLC
Warranty Deed
—
Mar 18, 2024
$4,000,000
Banyan 8800 LLC
Bh Office Park LLC
Special Warranty Deed
—
Aug 17, 2007
$2,840,000
Gentile Group LLC
Richey Industrials INC
Warranty Deed
—
Apr 2, 2003
$2,050,000
Richey Industrials INC
Bickley,tr
Grant Deed
$2,100,000 · Republic Bank
—
—
Gentile Group LLC
—
Loan Modification
related
$1,362,250 · Private Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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