5223 Park BlvdPinellas Park, FL 33781

Property Details for 5223 Park Blvd

Year built

1973

Construction

CONCRETE BLOCKS

Lot size

0.23 AC

Property size (Sq ft)

5,730 SF

Property type

Office properties

Property subtype

Office buildings

APN

28-30-16-40752-000-0090

APU

283016407520000090

Description

This exceptional two-story, 5,730 square foot office building, located at 5223 Park Boulevard in Pinellas Park, Florida (zip code 33781), presents a unique owner-user investment opportunity. Situated on a 9,967 square foot lot, this property boasts prominent visibility on Park Boulevard, with an estimated 60,000 vehicles passing daily. The building, constructed in 1973 and extensively renovated in 2022 and 2024, features a concrete block structure with a steel-framed second floor, providing a secure and flood-resistant building (16 feet above sea level). Recent upgrades include a new 30-year roof, a substantial solar panel array (100 panels, exceeding building capacity), a Tesla battery backup system, new Miami-Dade hurricane-rated windows and doors, and a resurfaced parking lot with 19 spaces, including alley access. The interior features two large, ADA-compliant bathrooms, a fully equipped kitchen, and is wired for internet throughout. A new LED sign is expected by the end of 2024. The first floor (2,850 sq ft) is currently occupied, while the second floor (2,880 sq ft) is leased until July 31, 2026, with a two-year renewal option. The building also includes a monitored security system, and the air conditioning is under a comprehensive maintenance contract. The permitted zoning is B-1. Occupancy is available October 15, 2024. Asking price is $1,995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,117,052

  6.5%

  $1,031,125

  7%

  $957,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $631,904

  Geo Method

  $631,904

• Alternative Use

  Use

  Valuation

  Residential

  $1,278,595

  Hospitality

  $1,171,186

  Educational

  $974,413

  Medical

  $1,007,924

  Retail

  $1,515,754

Location Insight

City

Pinellas Park

County

Pinellas

State

Florida

Latitude

27.8395

Longitude

-82.7047

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].