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    The Largest CRE Database in the US with Over 1 Million Listings

    3848 Central Ave St Petersburg, FL 33711

    Sponsored
    For Lease
    $5,000 /Mo ($33 SF/Yr)

    Business - ST PETERSBURG, FL

    Type:Business
    Property size:
    1,788 SF
    Lot size:
    0.11 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 30 at 11:06 pm

    Property Features for 3848 Central Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Business
    Standard status
    Active
    Security features
    Security System, Smoke Detector(s)
    APN
    22-31-16-14418-011-0070
    Appliances
    Microwave, Refrigerator
    Size
    1,788 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Flooring type
    Carpet, Tile, Tile - Ceramic, Vinyl
    Building materials
    Block, Concrete
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Wheaton

    Coastal Properties Group International, LLC (727) 493-1555

    Listing agent Mike Wheaton (727) 493-1555 License #3307557

    Listing date Jan 26, 2026

    MLS# TB8468708 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.

    Learn more

    Property Insight Report

    Overview

    St. Petersburg Boutique Office Space

    This well-appointed office space is located in St. Petersburg. The property offers a modern, boutique style suitable for various uses. The layout includes 5 private office suites, with 2 suites large enough to accommodate 2 desks each. A welcoming reception area and a newly updated kitchen are available for staff convenience. The space also features 1 full bathroom and 1 half bathroom. Off-street parking is provided in both the front and rear of the building for up to 10 vehicles, along with a covered carport. Security features include cameras and key card access. The property's location allows for convenient access to I-275, Tampa International Airport, Downtown St. Petersburg, restaurants, and beaches. This office space is suitable for legal, creative, or administrative offices. The property has a lot size of 0.11 acres and a property size of 1788 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marcus & Associates | Life ... Executive Search Firm Pure Roofing Roofing Contractor Bernheim Irving B ... Tax Preparation Service Best Rates Financial ... Mortgage Lender

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.685874
    Latitude
    27.770697

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    FAQs

    What type of property is this?
    Office space - Modern office with private suites, updated kitchen, and ample parking.
    Where is this office space located?
    The property is located at 3848 Central Ave St Petersburg, FL.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: - Ample off-street parking with a covered carport, accommodating up to 10 vehicles.; - Prime location with easy access to I-275, Tampa International Airport, Downtown St. Petersburg, restaurants, and beaches.; - Secure environment with security cameras and key card access.
    (727) 493-1555
    Request Owner's contact information
    3848 Central Ave St Petersburg, FL 33711
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    St Petersburg, FL 33711
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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.

    More about this property
    3848 Central Ave St Petersburg, FL 33711
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    We can help!
    Listing Contact
    Mike Wheaton
    Real Estate License ID: 3307557
    (727) 493-1555
    Learn more
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