Warehouse in Central Arts
For Sale
Contact for pricing
1922 Central Ave, Saint Petersburg, FL
Warehouse space in a rapidly developing urban area.
Property Size8,370 SF
Lot Size0.10 Acres
Price / SF$298.57
Days on Market652
Property Features for 1922 Central Ave
General Information
Standard status
Active
Size
8,370 SF
Lot size
0.10 Acres
Property subtype
RETAIL
Listing Agency:
Barkett Realty
(727) 388-9500
Listed By:
Tim Butler
(727) 592-8163
Source:
Moodyscre
Added: Jan 21, 2025
Changed: Jul 6
Last Checked: Nov 3 at 8:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Barkett Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a warehouse without air conditioning or water, offered in As Is condition. It is suitable for uses such as contractor services or vehicle storage. The location is at the intersection of the Grand Central District, Edge District, and the Warehouse Arts district. The Trails Crossing project is one block away, and the I-Mix 22 concept is two blocks away.
Key Highlights
- Prime location at the crossroads of The Grand Central District, Edge District, and the Warehouse Arts District.
- Proximity to the Trails Crossing project (one block away).
- Close to the I‑Mix 22 concept (two blocks away).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,172
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,643,440
$1.6M
Cap Rate 7%
$1,173,886
$1.2M
Cap Rate 9%
$913,022
$913.0K
Market Conditions
NOI Build-Up for 8,370 SF
Gross rent
$125.6K $15.00/SF
− Vacancy
−$8.2K −$0.98/SF
EGI
$117.4K $14.03/SF
− OpEx
−$35.2K −$4.21/SF
NOI
$82.2K $9.82/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,643,440
Cap Rate 7%
$1,173,886
Cap Rate 9%
$913,022
Alternative Uses
Best Use
Retail
$1.17M
$1.03M – $1.37M
NOI $82,172 @ 7.0% cap · market cap 3.29%
Second Best
Warehouse
$1.01M
$881.1K – $1.17M
NOI $70,487 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$2.18M
$1.90M – $2.54M
NOI $152,397 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,191
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- GojohnnyGo transports — 1300 10th Ave S, St. Petersburg, FL 33705
- Stewart Moving & Storage — 2875 7th Ave S, St. Petersburg, FL 33712
- You Pack It Storage: Portable Moving & Storage — 1942 2nd Ave S, St. Petersburg, FL 33704
- Baycare Box Office — Tropicana Dr., St. Petersburg, FL 33705
- The Lock Up Self Storage — 1700 1st Ave S, St. Petersburg, FL 33712
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse space in a rapidly developing urban area.
Where is this warehouse located?
The property is located at 1922 Central Ave Saint Petersburg, FL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Prime location at the crossroads of The Grand Central District, Edge District, and the Warehouse Arts District.; Proximity to the Trails Crossing project (one block away).; Close to the I‑Mix 22 concept (two blocks away).
