Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    220 N Carillon Pky Saint Petersburg, FL 33716

    View on Map
    Picture of Other sports & entertainment properties at 220 N Carillon Pky, Saint Petersburg, FL
    For Sale
    Contact for pricing

    67,521 SF TopGolf Sports and Entertainment Building

    Property size:
    67,521 SF
    Lot size:
    12.09 Acres
    Added:
    Mar 4, 2025
    Days on Market:
    406
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 220 N Carillon Pky

    General Information

    Standard status
    Active
    Property type
    Other sports & entertainment properties, Other retail properties, Individual retail properties, Sports & entertainment properties, Retail properties & Spaces
    Size
    67,521 SF
    Class
    A
    Elevators
    N/A
    Lot size
    12.09 Acres

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    3

    We can help!

    Listing Contact
    Jeff A. Lefko

    Listing agent Jeff

    Listing office

    Listing date Mar 4, 2025

    Overview

    TopGolf Investment Opportunity, St. Petersburg

    This is a brand-new, 67,521 square foot TopGolf entertainment complex situated on 12.09 acres in Saint Petersburg, Florida. The property benefits from an absolute triple-net (NNN) lease with Topgolf. The lease includes both land and building, providing valuable depreciation benefits. This location is within the Gateway Area and Carillon Office Park, situated adjacent to Echelon City Center, a mixed-use development boasting over 172,000 square feet of retail space, 500,000+ square feet of office space, and a 120-room hotel. The property benefits from a rental growth structure, featuring 10% rent increases every five years throughout the initial lease term and each of the four five-year renewal options. The Tampa-St. Petersburg area is ranked as the #1 Emerging Tech Hub in the U.S. The area boasts a population exceeding 37,000 within a five-mile radius and an average household income surpassing $108,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jeff Pratt, PGA ... Golf Instructor Topgolf Restaurant Topgolf Saint Petersburg Golf Course

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.66202
    Latitude
    27.888694

    Nearby Similar for Sale

    • $474,900
      2,140 SF

      St. Petersburg Duplex Investment Opportunity

      Income-producing duplex with updated units in a high-demand St. Petersburg location.
      245- 247 38th SE Ave, Saint Petersburg, FL 33705
      View Details
    • $475,000
      2,928 SF

      Retail - ST PETERSBURG, FL

      Retail building available for purchase in St. Petersburg, Florida.
      1602 31St Ave N, St Petersburg, FL 33713
      View Details
    • $795,000
      1,600 SF

      Renovated Triplex in Euclid/St. Paul's

      Fully renovated triplex near St. Anthony’s Hospital in Saint Petersburg.
      945 13TH Street North, Saint Petersburg, FL 33705
      View Details
    • $699,982
      2,888 SF

      Updated Duplex Near Vinoy Golf

      Updated and furnished duplex near downtown St. Petersburg and Coffee Pot Bayou.
      240-242 Mateo NE Way, Saint Petersburg, FL 33704
      View Details
    • $385,000
      1,832 SF

      Mixed-Use Commercial Opportunity

      Mixed-use property with shop, yard, and office space.
      5201 66TH Way N, West Lealman, FL 33709
      View Details
    • $4,139,130

      Gulfport Walgreens with Long-Term Lease

      Single-tenant Walgreens with lease through 2061 in Gulfport, Florida.
      5701 Gulfport BLVD S, Other Cities, FL 33707
      View Details
    • $1,495,000
      2,184 SF

      Freestanding Restaurant on Busy Corridor

      Freestanding restaurant with drive-thru and redevelopment potential on busy corridor.
      3090 34th St N, Saint Petersburg, FL
      View Details
    • $474,900
      6,922 SF

      Mixed-Use Property in Saint Petersburg

      Mixed-use property with potential for various commercial and residential uses.
      245- 247 38th SE Ave, Saint Petersburg, FL 33705
      View Details
    • $799,000
      2,804 SF

      Saint Petersburg Office Space Available

      Office space available for rent in Saint Petersburg, Florida.
      1327 Dr Martin Luther King Jr St S, Saint Petersburg, FL
      View Details
    • $650,000
      2,768 SF

      Prime Downtown St. Petersburg Real Estate

      Rare opportunity in a high-growth downtown location.
      1601 FL-595, St. Petersburg, FL
      View Details
    • $4,980,000
      18,269 SF

      Preconstruction Warehouse in Saint Petersburg

      Class-A warehouse with office space near Tyrone Square.
      2449 Anvil St N, Saint Petersburg, FL
      View Details
    • $595,000
      1,440 SF

      Saint Petersburg Office Space Available

      Office space for sale in Saint Petersburg, Florida.
      4235 Central Ave, Saint Petersburg, FL
      View Details

    FAQs

    What type of property is this?
    Sports & entertainment property - 67,521 SF TopGolf Sports and Entertainment Building
    Where is this sports & entertainment property located?
    The property is located at 220 N Carillon Pky Saint Petersburg, FL.
    What is the asking price?
    The asking price for this property is Off market.
    (844) 585-7682
    We can help!
    Listing Contact
    Jeff A. Lefko
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!