Lakefront Mixed-Use
For Sale
$1,950,000
Pending
10830 NAVAJO Drive, St Petersburg, FL 33708
Commercial Sale, ST PETERSBURG, FL
Property Size7,040 SF
Lot Size1.13 Acres
Days on Market337
Property Features for 10830 NAVAJO Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GO
Window features
Insulated Windows, Window Treatments
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Subdivision
EDGEWATER ESTATES
Lot features
Oversized Lot
View
Lake
Directions
Duhme Rd to Seminole Drive-make a right. Turn right onto Huron Rd, left onto Navajo Dr. Property will be on your right.
Standard status
Pending
APN
03-31-15-25110-000-0540
Size
7,040 SF
Lot size
1.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
EDGEWATER ESTATES UNIT 11 TRACT B
Tax Annual Amount
16256
Legal Description
EDGEWATER ESTATES UNIT 11 TRACT B
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Water front features
Lake Front
Water front
1
Building Details
Year built
1968
Floors in Building
2
Flooring type
Recycled/composite flooring, Vinyl, Concrete
Building materials
Block, Concrete, Stucco
Roof type
Built-Up
Additional Structures
Storage
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Angela Julian PA · License #3301225
(727) 520-2157
Added: Sep 24, 2025
Changed: Aug 24
Last Checked: Aug 26 at 3:06PM
MLS# TB8432056
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 1.13-acre mixed-use property includes a remodeled 5,160-square-foot residence and a connected 1,896-square-foot office/flex wing. The home features four oversized bedrooms, three bathrooms, indoor laundry, a utility room, storage areas, gathering spaces, and a modern kitchen. The adjoining commercial component includes two large rooms measuring 29 by 20 feet and 31 by 38 feet, along with high ceilings and a commercial-grade fire sprinkler system. An oversized four-car garage and 16+ parking spaces, including ADA-accessible parking, support the property’s operational flexibility.
Zoned GO, the site supports general office and residential uses, with the source information also identifying eligibility for short-term rentals. The property fronts a saltwater lake and is located in unincorporated Pinellas County at 10830 Navajo Drive, St. Petersburg, Florida. Gulf beaches, Tampa, downtown St. Petersburg, Clearwater, shopping, dining, and entertainment are all described as within minutes.
Zoned GO, the site supports general office and residential uses, with the source information also identifying eligibility for short-term rentals. The property fronts a saltwater lake and is located in unincorporated Pinellas County at 10830 Navajo Drive, St. Petersburg, Florida. Gulf beaches, Tampa, downtown St. Petersburg, Clearwater, shopping, dining, and entertainment are all described as within minutes.
Key Highlights
- 1.13‑acre lakefront mixed‑use property in unincorporated Pinellas County
- GO zoning supports general office and residential uses
- 5,160‑square‑foot remodeled residence with 4 bedrooms and 3 bathrooms
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
$109,306
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
5.61%
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%
$2,186,120
$2.2M
Cap Rate 7%
$1,561,514
$1.6M
Cap Rate 9%
$1,214,511
$1.2M
Market Conditions
NOI Build-Up for 7,040 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
$183.3K $26.04/SF
− Vacancy
−$37.6K −$5.34/SF
EGI
$145.7K $20.70/SF
− OpEx
−$36.4K −$5.18/SF
NOI
$109.3K $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%
$2,186,120
Cap Rate 7%
$1,561,514
Cap Rate 9%
$1,214,511
Alternative Uses
Best Use
Office B
$1.56M
$1.37M – $1.82M
NOI $109,306 @ 7.0% cap · market cap 5.61%
Second Best
Mixed Use
$1.25M
$1.09M – $1.46M
NOI $87,437 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,181 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
Business Placement
Demographics for 33708, FL
16,034
Population
13,211
Households
1.2
Avg Household Size
60
Median Age
44%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
4,716
Density / Sq Mi
$83,773
Median Household Income
$49,403
Median Earnings
$1,961
Median Rent
$463,700
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?
Mixed-use property - GO-zoned property combines a remodeled residence with an attached office and flex wing for integrated personal and professional use.
Where is this mixed-use property located?
The property is located at 10830 NAVAJO Drive St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 1.13‑acre lakefront mixed‑use property in unincorporated Pinellas County; GO zoning supports general office and residential uses; 5,160‑square‑foot remodeled residence with 4 bedrooms and 3 bathrooms
