Remodeled Flex Space with
For Sale
$1,100,000
1444 19TH Street N, St Petersburg, FL 33713
Commercial Sale, ST PETERSBURG, FL
Property Size4,709 SF
Lot Size0.17 Acres
Price / SF$233.60
Days on Market91
Property Features for 1444 19TH Street N
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
MAXWELL SUPPLY CO SUB
Directions
Take I-275 west to exit 24 for 22nd Avenue N - Head east on 22nd Avenue N - Head south on 19th St N to address.
Standard status
Active
APN
13-31-16-56412-000-0360
Size
4,709 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MAXWELL SUPPLY CO SUB LOT 36
Tax Annual Amount
6493
Legal Description
MAXWELL SUPPLY CO SUB LOT 36
Utilities
Cooling system
Central Air
Building Details
Year built
1952
Floors in Building
1
Building materials
Block, Concrete
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(727) 282-1788
Listed By:
Patrick Calhoon · License #259869
(727) 319-6874
Added: Jun 10
Changed: Sep 1
Last Checked: Sep 8 at 7:06AM
MLS# TB8517832
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.
This remodeled flex property comprises 4,709 square feet across three interconnected block and concrete buildings. Two structures provide warehouse space, while the smaller building is configured as an office and showroom. Central air conditioning serves the property, which was constructed in 1952.
The property is located at 1444 19TH Street N in St. Petersburg, directly across from the ball fields at Woodlawn Park. Industrial Traditional zoning supports a range of commercial and industrial applications. Downtown St. Petersburg, Allendale, and Old Northeast are within a five-minute drive.
The property is located at 1444 19TH Street N in St. Petersburg, directly across from the ball fields at Woodlawn Park. Industrial Traditional zoning supports a range of commercial and industrial applications. Downtown St. Petersburg, Allendale, and Old Northeast are within a five-minute drive.
Key Highlights
- 4,709‑square‑foot flex property spanning three interconnected buildings
- Two warehouse buildings plus an office/showroom structure
- Industrial Traditional zoning
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
$73,114
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
6.65%
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%
$1,462,280
$1.5M
Cap Rate 7%
$1,044,486
$1.0M
Cap Rate 9%
$812,378
$812.4K
Market Conditions
NOI Build-Up for 4,709 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
$122.6K $26.04/SF
− Vacancy
−$25.1K −$5.34/SF
EGI
$97.5K $20.70/SF
− OpEx
−$24.4K −$5.18/SF
NOI
$73.1K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,462,280
Cap Rate 7%
$1,044,486
Cap Rate 9%
$812,378
Alternative Uses
Best Use
Office B
$1.04M
$913.9K – $1.22M
NOI $73,114 @ 7.0% cap · market cap 6.65%
Second Best
Flex RnD
$608.6K
$532.5K – $710.1K
NOI $42,603 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,739 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled flex property combines warehouse areas with a dedicated office and showroom.
Where is this flex space located?
The property is located at 1444 19TH Street N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,709‑square‑foot flex property spanning three interconnected buildings; Two warehouse buildings plus an office/showroom structure; Industrial Traditional zoning
