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

    5201 66Th St N St Petersburg, FL 33709

    Sponsored
    For Sale
    $1,449,000

    Mixed Use - ST PETERSBURG, FL

    Type:Mixed Use
    Property size:
    2,100 SF
    Lot size:
    0.86 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 4 at 11:06 pm

    Property Features for 5201 66Th St N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    P-1
    APN
    05-31-16-70002-200-0806
    Parking features
    RV, Secured
    Size
    2,100 SF
    Lot size
    0.86 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1956
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Moamen Mikhail

    Charles Rutenberg Realty, Inc (727) 538-9200

    Listing agent Moamen Mikhail (727) 538-9200 License #3365719

    Listing date Feb 1, 2026

    MLS# W7877698 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

    Prime Commercial Redevelopment Opportunity

    This commercial real estate location offers redevelopment options on 66th Street in St. Petersburg. The property is positioned to benefit from high traffic volume. Nearby businesses include WAWA, CVS, Walgreens, and Walmart. Currently, the retail space is owner-occupied as an automotive repair shop and a car dealership. The business can be removed, leaving an empty shell within weeks. The repair equipment can be included in the sale negotiations. Zoned C2 - General Commercial, the lot is approved for commercial projects such as multi-family homes (up to 3 stories), medical suites, retail, storage facilities, and car washes. The city allows multi-family construction up to 21 units and 3 stories high. The property experiences a traffic count of 39,500+ vehicles daily. The lot size is 0.86 acres, and the property size is 2100 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cheap Auto Insurance Insurance Agency Remon Automotive Inc (Bike/Boat/Book/etc) Store Remon towing services ... Auto Repair Shop U-Haul Neighborhood Dealer Car Rental Facility Elite Motorsports Car Dealership

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Similar Places Nearby

    http 911usa com, Auto Tech Garage, Northwest Collision Center, Proven Power Cycles LLC, Handy Dandy David Mobile Mechanic

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.727982
    Latitude
    27.819341

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    FAQs

    What type of property is this?
    Auto shop - Redevelopment opportunity on 66th Street in St. Petersburg, Florida.
    Where is this auto shop located?
    The property is located at 5201 66Th St N St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $1,449,000.
    What are key features of this property?
    This property features: - Prime commercial location on major 66th Street in St. Petersburg with **high traffic count (39,500+ vehicles daily).**; - Zoned C2 - General Commercial, allowing for diverse redevelopment options including multi-family (up to 21 units & 3 stories), medical suites, retail, storage, car washes, etc.; - Located in a high-demand area with new businesses like WAWA, CVS, Walgreens, and Walmart nearby.
    (727) 515-3556
    Request Owner's contact information
    5201 66Th St N St Petersburg, FL 33709
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    St Petersburg, FL 33709
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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
    5201 66Th St N St Petersburg, FL 33709
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    We can help!
    Listing Contact
    Moamen Mikhail
    Real Estate License ID: 3365719
    (727) 515-3556
    Learn more
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