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    Renovated Warehouse Near I-275 Title is generated by Realmo AI

    11920 31ST COURT N, St Petersburg, FL 33716

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    For Lease
    $12 SF/Yr $2,385/Mo (calc)

    Industrial - ST PETERSBURG, FL

    Type:Industrial
    Property size:
    2,385 SF
    Lot size:
    0.46 Acres
    Added:
    Aug 11, 2025
    Days on Market:
    277
    Last Refresh:
    May 14 at 10:06 am

    Property Features for 11920 31ST COURT N

    General Information

    Property type
    Commercial Lease
    Property subtype
    Industrial
    Standard status
    Active
    APN
    11-30-16-30375-000-0170
    Size
    2,385 SF
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    14054

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Thomas
    Steve Thomas

    Listing agent Steve Thomas License #645935

    Listing office COLDWELL BANKER REALTY 500 N West Shore Blvd, Plant City, FL

    Listing date Aug 11, 2025

    MLS# TB8415605 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location off I‑275 at the 118th Ave. exit for easy access to Clearwater, St. Petersburg, and Tampa.
    • 2,385 sq. ft. warehouse space suitable for startups, light industrial use, or growing businesses.
    • Recently renovated condition.
    • Includes approximately 275 sq. ft. of dedicated office/reception area.
    • Ample on‑site parking for employees and clients.
    • Durable construction with block walls and metal roof.

    Overview

    This recently renovated warehouse, located in North St. Petersburg, offers 2,385 square feet of space. The property is situated just off I-275 at the 118th Avenue exit, providing connections to Clearwater, St. Petersburg, and Tampa. The space includes approximately 275 square feet of dedicated office/reception area. The warehouse is suitable for startups, light industrial use, or growing businesses. Ample on-site parking is available for employees and clients. The lot size is 0.46 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    suntana usa Tanning Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Life Storage - St Petersburg — 2925 Tyrone Blvd N, St. Petersburg, FL 33710, United States
    • Storage Sense - St Petersburg — 2401 Anvil St N, St. Petersburg, FL 33710
    • Nearby Self Storage Units — 7145 22nd Ave N, St. Petersburg, FL 33710, United States
    • Self Storage — 2200 66th st n, st. petersburg, fl 33710

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.675926
    Latitude
    27.880655

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    FAQs

    What type of property is this?
    Warehouse - 2,385 SF warehouse with office space, convenient highway access.
    Where is this warehouse located?
    The property is located at 11920 31ST COURT N St Petersburg, FL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prime location off I‑275 at the 118th Ave. exit for easy access to Clearwater, St. Petersburg, and Tampa.; 2,385 sq. ft. warehouse space suitable for startups, light industrial use, or growing businesses.; Recently renovated condition.
    (813) 495-8118
    We can help!
    Listing Contact
    Steve Thomas
    Steve Thomas
    Real Estate License ID: 645935
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    11920 31ST COURT N, ST PETERSBURG, FL 33716
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