Four-Bay Auto
For Sale
$800,000
1254 34TH Street S, St Petersburg, FL 33711
Commercial Sale, ST PETERSBURG, FL
Property Size3,740 SF
Lot Size0.18 Acres
Price / SF$213.90
Days on Market1182
Property Features for 1254 34TH Street S
General Information
Property type
Commercial Sale
Property subtype
Retail
Subdivision
GRAND CENTRAL SUB 1
Directions
I-275 North Florida Take I-275 S to 22nd Ave S in St. Petersburg. Take exit 19 from I-275 S 20 min (20.8 mi)Merge onto 22nd Ave S 223 ft Turn right onto 34th St S Destination will be on the right Drive to 34th St S 2 min (0.7 mi) 1254 34th St S St. Petersburg, FL 33711
Standard status
Active
APN
26-31-16-32724-005-0150
Size
3,740 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
GRAND CENTRAL SUB NO 1 BLK 5, LOTS 15 & 16 & 1/2 VACATED ALLEY TO E LESS RD R/W
Tax Annual Amount
5076
Legal Description
GRAND CENTRAL SUB NO 1 BLK 5, LOTS 15 & 16 & 1/2 VACATED ALLEY TO E LESS RD R/W
Utilities
Cooling system
Central Air
Building Details
Year built
1986
Floors in Building
1
Building materials
Block, Concrete
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Latonya Oliver · License #3317238
(727) 851-4443
Added: Jun 30, 2023
Changed: Sep 22
Last Checked: Sep 23 at 5:06AM
MLS# U8205466
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.
Investment Insights
Based on property information with market context.
Located at 1254 34th Street S in St. Petersburg, this 3,740-square-foot auto shop provides four oversized service bays and operational space suited to automotive and trade-oriented businesses. The block-and-concrete building was constructed in 1986 and includes central air conditioning.
The property occupies 0.18 acres along 34th Street South, a major commercial corridor in South St. Petersburg, with direct street exposure. Its configuration can support an automotive repair shop, tire and wheel operation, fleet service business, specialty trade company, or light industrial user. The site is within a federally designated Opportunity Zone, which may be relevant to qualifying investments.
The property occupies 0.18 acres along 34th Street South, a major commercial corridor in South St. Petersburg, with direct street exposure. Its configuration can support an automotive repair shop, tire and wheel operation, fleet service business, specialty trade company, or light industrial user. The site is within a federally designated Opportunity Zone, which may be relevant to qualifying investments.
Key Highlights
- 3,740‑square‑foot commercial auto shop
- Four oversized service bays
- 0.18‑acre site on 34th Street South
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,717
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$734,340
$734.3K
Cap Rate 7%
$524,529
$524.5K
Cap Rate 9%
$407,967
$408.0K
Market Conditions
NOI Build-Up for 3,740 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.1K $15.00/SF
− Vacancy
−$3.6K −$0.98/SF
EGI
$52.5K $14.03/SF
− OpEx
−$15.7K −$4.21/SF
NOI
$36.7K $9.82/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$734,340
Cap Rate 7%
$524,529
Cap Rate 9%
$407,967
Alternative Uses
Best Use
Retail
$524.5K
$459.0K – $612.0K
NOI $36,717 @ 7.0% cap · market cap 4.59%
Second Best
Industrial
$391.8K
$342.9K – $457.2K
NOI $27,429 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$972.8K
$851.2K – $1.13M
NOI $68,096 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
10,584 visits/mo
0.5 miles
Mobil
Shops & Services
4,440 visits/mo
0.4 miles
Public Storage
Shops & Services
2,343 visits/mo
0.1 miles
BP
Shops & Services
2,248 visits/mo
0.2 miles
InstaLoan
Shops & Services
1,366 visits/mo
0.0 miles
Demographics for 33711, FL
20,121
Population
9,522
Households
2.1
Avg Household Size
41
Median Age
32%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
4,281
Density / Sq Mi
$68,295
Median Household Income
$27,156
Median Earnings
$1,819
Median Rent
$253,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Dan's Brake World — 2200 34th St S, St. Petersburg, FL 33711
- Whitey's Transmission Service — 3101 22nd Ave S, St. Petersburg, FL 33712
- Dreamantic Auto Service, Llc — 2721 18th Ave S, St. Petersburg, FL 33712
- Auto Glass Now — 1720 34th St S, St. Petersburg, FL 33711
- KNOWTOW 24hr Motorcycle Towing — 1720 34th St S, St. Petersburg, FL 33711
Frequently Asked Questions
What type of property is this?
Auto shop - Block-built commercial facility with central air and adaptable service-oriented workspace along 34th Street South.
Where is this auto shop located?
The property is located at 1254 34TH Street S St Petersburg, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3,740‑square‑foot commercial auto shop; Four oversized service bays; 0.18‑acre site on 34th Street South
