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    5148 1St Ave S St Petersburg, FL 33707

    Sponsored
    For Sale
    $700,000

    Land - ST PETERSBURG, FL

    Lot size:
    0.26 Acres
    Days on Market:
    170
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 5148 1St Ave S

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    21-31-16-07182-003-0070
    Lot size
    0.26 Acres

    Building Details

    Architectural style
    Other

    Compass (305) 851-2820 [email protected]

    Listing agent Zach Steinberger (727) 339-7902 License #3438328

    Listing date Jul 20, 2025

    MLS# TB8340916 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.

    Overview

    Pre-Construction Multifamily Investment Opportunity

    This pre-construction, 8-unit multifamily property represents a development opportunity in Tampa Bay, offered as land with included plans. For an additional fee, the developer can deliver the site permit ready for construction. The new construction is projected to operate as an 8% cap rate investment. The units have been planned to maximize space and functionality, ensuring comfort and convenience for future residents. Interiors feature high-end finishes, premium fixtures, and appliances, including LVP flooring and designer lighting fixtures. Customization options are available for floor plans and finishes. The developer projects a $1.5 million build for the property. The lot size is 0.26 acres. The property is located in St. Petersburg, FL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BAY AREA HANDLERS Aged Care

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -82.703654
    Latitude
    27.769751

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    FAQs

    What type of property is this?
    Apartment building - Land and plans for an 8-unit multifamily property.
    Where is this apartment building located?
    The property is located at 5148 1St Ave S St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Pre-construction 8-unit multifamily property offering a unique investment opportunity in the thriving Tampa Bay real estate market.; - Potential for an 8% cap rate investment with no capital expenditures required due to brand new construction.; - Opportunity to customize floor plans, finishes, and other details with the builder.
    (941) 539-7253
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    5148 1St Ave S St Petersburg, FL 33707
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    St Petersburg, FL 33707
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    Realmo Value Estimation

    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.

    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.

    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
    5148 1St Ave S St Petersburg, FL 33707
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