Freestanding Office
For Sale
$630,000
4900 33RD Avenue N, St Petersburg, FL 33710
Commercial Sale, ST PETERSBURG, FL
Property Size1,381 SF
Lot Size0.19 Acres
Price / SF$456.19
Days on Market307
Property Features for 4900 33RD Avenue N
General Information
Property type
Commercial Sale
Property subtype
Office
Window features
Blinds
Subdivision
DISSTON GARDENS
Lot features
Corner Lot
Directions
I-275 to 38th Ave exit - head west. At 49th St turn left and clinic is on the right approximately 1/2 mile.
Standard status
Active
APN
09-31-16-21258-003-0010
Size
1,381 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
DISSTON GARDENS BLK C, LOT 1
Tax Annual Amount
4485
Legal Description
DISSTON GARDENS BLK C, LOT 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Flooring type
Tile
Building materials
Stucco, Frame
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Grace Gelazin · License #3595841
(727) 403-7752
Added: Nov 12, 2025
Changed: Aug 22
Last Checked: Sep 15 at 10:06PM
MLS# TB8447529
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 1,381-square-foot freestanding office building was constructed in 1955 and offers a practical layout for professional operations. The interior includes five private offices, a dedicated conference room, two restrooms, tile flooring, central heating, and central air. Stucco and frame construction, public water, and public sewer serve the property.
Recent improvements include a roof replacement approximately 3 years ago and a tankless water heater installed within the last 5 years. The site encompasses 0.19 acres and includes a built-in monument sign along with ample parking. A tenant is currently in place under a triple net lease, with the option to terminate the lease at closing.
Recent improvements include a roof replacement approximately 3 years ago and a tankless water heater installed within the last 5 years. The site encompasses 0.19 acres and includes a built-in monument sign along with ample parking. A tenant is currently in place under a triple net lease, with the option to terminate the lease at closing.
Key Highlights
- 1,381‑square‑foot freestanding office building on a 0.19‑acre site
- Five private offices, conference room, and two restrooms
- Roof replaced approximately 3 years ago
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
$21,442
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
3.40%
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%
$428,840
$428.8K
Cap Rate 7%
$306,314
$306.3K
Cap Rate 9%
$238,244
$238.2K
Market Conditions
NOI Build-Up for 1,381 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
$36.0K $26.04/SF
− Vacancy
−$7.4K −$5.34/SF
EGI
$28.6K $20.70/SF
− OpEx
−$7.1K −$5.18/SF
NOI
$21.4K $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%
$428,840
Cap Rate 7%
$306,314
Cap Rate 9%
$238,244
Alternative Uses
Best Use
Office B
$306.3K
$268.0K – $357.4K
NOI $21,442 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.2K
$314.3K – $419.1K
NOI $25,145 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Explore this area
Business Placement
Demographics for 33710, FL
33,172
Population
16,767
Households
2
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,147
Density / Sq Mi
$76,908
Median Household Income
$46,520
Median Earnings
$1,577
Median Rent
$312,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office property with private workspaces, a conference room, and two restrooms.
Where is this office building located?
The property is located at 4900 33RD Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 1,381‑square‑foot freestanding office building on a 0.19‑acre site; Five private offices, conference room, and two restrooms; Roof replaced approximately 3 years ago
