8800 49th N St Pinellas Park, FL 33782-5353
Entity Owned
Free & Clear
Estimated value (blended)
$4.00M
Range $3.60M – $4.40M (±10%)
Implied cap rate
6.50%
In-place · NOI ÷ last sale
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
Current use
Occupant on record · Public records
-
Production Facility
-
Medical Supply Store
-
Medical Supply Store
-
Social Service Agency
-
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
$4.00M
Owner & transaction history
since 2025
Last sale
$6.2M
5 recorded transactions
Zoning & alternative use
Top alternative use upside
Commercial (general)
$9.7M
+138.0%
Restaurant
$8.8M
+116.3%
Auto repair, garage
$5.1M
+25.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.00M
Value range
$3.60M – $4.40M
±10% around blend
Estimated value / SF
$256 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
80
$3.60M
blend $4.00M
$4.40M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,600 SF
Lot area
3.76 ac
Year built
1974
Stories
1
APN
21-30-16-69822-400-5104
Assessed value
$3,900,000
Annual tax
$86,702
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.98M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.31M
@ 6.5% CAP return
$3.98M
@ 7% CAP return
$3.69M
4
Sales comparison
Partial preview
Sales approach indication
$2.45M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.0 mi away · 15,979 SF
3.4 mi away · 14,736 SF
4.8 mi away · 11,361 SF
5.9 mi away · 19,506 SF
6.2 mi away · 11,328 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 30 sales
$262
-2%
County 995 sales
$240
+7%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $256/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+138%
vs current-use indication
Restaurant
Auto Repair, Garage
Neighborhood: Shopping Center
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
6.50%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.50%
9.0%
NOI (est.)
$434k *
Last sale · Dec 2025
$6.19M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.67M
Move the market yield to see immediate price impact.
Value / SF
$428
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.00%6.50%7.00%
$390k
$6.50M
$6.00M
$5.57M
$434k
$7.23M
$6.67M
$6.19M
$477k
$7.95M
$7.34M
$6.81M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$1.76M
1.2 mi · Dec 2025 · $106/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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