Q1 2026 Pinellas County Retail Sales Report — Verdad CRE


Verdad Commercial Real Estate Services
Market Intelligence
Q1 2026  •  January – March
Pinellas County
Retail Sales Report
Pinellas County, Florida
49
Transactions

246K SF
Total Sq. Ft.

$77.75M
Total Volume

$375/SF
Avg. $/SF


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Executive Summary

Pinellas County retail recorded 49 arm’s-length transactions in Q1 2026, totaling $77.75M in closed volume across 246,298 square feet of improved retail product. The quarter’s largest transaction was 200 Madonna Blvd, Saint Petersburg, trading at $7,500,000 — $1,123.93/SF. Investment sales accounted for 25 of the 49 transactions ($57.31M in volume); 11 owner-user acquisitions contributed $16.00M. Among the 7 transactions with disclosed cap rates, the average was 7.86% (median 7.48%). Pricing ranged from $81.29/SF to $1,417.00/SF, reflecting the spread between single-tenant net-leased assets and value-add storefront product across the county’s submarkets.

Key Market Metrics
$77.75M
Total Volume

$1,108,520
Median Sale Price

$375.34
Avg $/SF

$272.84
Median $/SF

Monthly Activity
Month Sales Total Volume Avg Price Avg $/SF
January 21 $36.81M $1,752,806 $368.04
February 15 $23.44M $1,562,803 $314.56
March 10 $17.50M $1,750,327 $481.86
January led the quarter with 21 transactions and $36.81M in volume. March posted the strongest per-SF pricing at $481.86/SF average, driven by net-leased service station trades closing in the final weeks of the quarter.
Sales by Property Type
Type Sales Total Vol Avg $/SF
QSR / Restaurant 6 $20.81M $830.43
Specialty / Other 11 $19.50M $251.63
Storefront / Strip 10 $14.11M $233.00
Service Station / C-Store 5 $11.71M $868.93
Freestanding Retail 10 $6.72M $196.24
Auto-Related 4 $4.91M $219.56

Sales by Submarket
Submarket Sales Volume Avg $/SF
South Pinellas 23 $37.00M $408.91
North Pinellas 7 $18.04M $449.29
Mid-Pinellas 11 $15.05M $296.68
Gateway 2 $4.85M $281.46
Bayside 1 $1.32M $380.86
Downtown St. Pete 1 $1.20M $396.56

Complete Sales Log
Date Address City Sale Price Bldg SF $/SF Type
01/02/26 5625 4th St N Saint Petersburg $2,700,000 7,716 $349.92 Specialty / Other
01/05/26 2320 Sunset Point Rd Clearwater $350,000 2,034 $172.07 Service Station
01/05/26 2955 Central Ave Saint Petersburg $1,090,189 2,027 $537.83 QSR / Restaurant
01/08/26 2198 Coachman Rd NE Clearwater $3,300,000 11,302 $291.98 Specialty / Other
01/09/26 3350 Central Ave Saint Petersburg $3,550,000 14,415 $246.27 Specialty / Other
01/27/26 10 Bay Esplanade Clearwater $7,066,920 8,112 $871.17 QSR / Restaurant
02/27/26 200 Madonna Blvd Saint Petersburg $7,500,000 6,673 $1,123.93 QSR / Restaurant
03/19/26 9695 Gulf Blvd Treasure Island $3,808,900 2,688 $1,417.00 Service Station
03/27/26 800 County Road 1 Palm Harbor $3,050,000 2,640 $1,155.30 Service Station
03/27/26 3090 34th St N Saint Petersburg $827,461 2,184 $378.87 QSR / Restaurant

Full Report Access
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  • All 49 arm’s-length retail transactions
  • Complete sales log with address, sale price, $/SF, and property type
  • Notable transactions & price-per-SF distribution table
  • Sales by property type, submarket, and building vintage
  • Methodology, data sources, and full disclaimer

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