Pasadena, FL
Commercial Real Estate Market Trends & Data

$425 Avg asking sale price
$35 Avg asking lease rate
7,258 SF Avg unit lease size
11,054 SF Avg building size for sale
6.75% Average cap rate

Pasadena's Demographic Profile

Pasadena has 443,437 households and a median income of $63,978, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 958,968
# Households 443,437
Median age 49
Median household income $63,978
Avg household size 2.0
Renter-occupied housing units 154,751
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Pasadena, FL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Pasadena $457 6,817 SF 11.90%
Pinellas Park $275 6,566 SF 8.02%
Largo $225 8,415 SF 11.22%
Clearwater $258 7,156 SF 11.22%
Seminole $276 4,904 SF 8.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Pasadena $251 12,921 SF 6.75%
Pinellas Park $208 10,404 SF 6.56%
Largo $215 6,484 SF 6.75%
Clearwater $244 10,803 SF 6.75%
Nearby Retail Markets Avg Cost/SF Typical Size
Pasadena $533 7,968 SF
Pinellas Park $613 7,463 SF
Largo $355 9,919 SF
Clearwater $490 9,337 SF
Seminole $272 3,683 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Pasadena $483 15,099 SF 11.22%
Largo $232 12,358 SF 11.22%
Clearwater $372 9,315 SF 11.22%

Commercial Properties For Sale in Pasadena

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Prime St Petersburg Office Building for Sale

Saint Petersburg, FL 33710

  • 10,000 SF Office Building
  • $3,999,900
For Sale

Oldsmar Galleria - Office Suites 222-227

Oldsmar, FL 34677

  • 51,025 SF Office Building
  • $575,000 - $1,990,000
For Sale

Boat Dock

Indian Rocks Beach, FL 33785

  • 3,000 AC Lot
  • 1 Residential Income Lot
  • $279,000
For Sale

5501 34th St

Saint Petersburg, FL 33714

  • 504 SF Retail Building
  • 5.50% Cap Rate
  • $1,818,181
For Sale

903 Pinellas Ave S

Tarpon Springs, FL 34689

  • 2,720 SF Retail Building
  • $575,000
For Sale

Mixed Use - Clearwater, FL

Clearwater, FL 33764

  • 5,168 SF Office Building
  • $1,400,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Pasadena pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Pasadena $425 11,054 SF
Pinellas Park $394 10,632 SF
Largo $278 8,278 SF
Clearwater $360 9,397 SF
Kenneth City $541 3,695 SF

Multifamily Properties For Sale in Pasadena

For Sale

Tulane Apartments

Saint Petersburg, FL 33703

  • 32,434 SF Multifamily
  • 6.91% Cap Rate
  • $6,995,000
For Sale

1750 2nd Ave N

Saint Petersburg, FL 33713

  • 33,000 SF Multifamily
  • 7.04% Cap Rate
  • $9,300,000

Regional Demographic Comparison

This comparison places Pasadena alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Pasadena or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Pasadena 958,968 443,437 49 $63,978 2 154,751 1%
Largo 83,605 39,721 49 $53,445 2 15,843 1%
Clearwater 122,579 54,829 47 $58,603 2 23,533 2%
Kenneth City 4,770 1,986 43 $55,226 2 577 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Pasadena, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Pasadena

View All Commercial Real Estate For Sale in Pasadena
Is Pasadena a good market for a first-time commercial real estate investor?

Pasadena offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Pasadena?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Pasadena. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Pasadena?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Pasadena. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Pasadena compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Pasadena. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Pasadena acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Pasadena, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends