Three-Building Mixed-Use
For Sale
$1,795,000
1315 9TH Avenue N, St Petersburg, FL 33705
Commercial Sale, ST PETERSBURG, FL
Property Size8,376 SF
Lot Size0.49 Acres
Price / SF$214.30
Days on Market904
Property Features for 1315 9TH Avenue N
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Secured
Security features
Security Lighting
Appliances
Refrigerator
Subdivision
EDINA GARDEN OF EDEN
Lot features
Corner Lot, City Limits, Interior Lot, Landscaped, Near Public Transit, Neighbourhood, Oversized Lot, Sidewalk, Street Lights
Directions
From 16th St N, turn Left on 9th Ave N. Destination will be on the left.
Standard status
Active
APN
13-31-16-25254-000-0850
Size
8,376 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
EDINA GARDEN OF EDEN LOTS 85, 86 & 87
Legal Description
EDINA GARDEN OF EDEN LOTS 85, 86 & 87
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Ductless (Heating), Central
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Water source
Public
Amenities
full kitchen
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Concrete, Carpet, Tile - Ceramic, Tile
Building materials
Block, Concrete, Stucco
Roof type
Built-Up
Additional Structures
Storage
Listing Agency:
COLDWELL BANKER REALTY
(727) 381-2345
Listed By:
Greta Murati · License #3285110
(727) 678-6674
Added: Mar 8, 2024
Changed: Aug 24
Last Checked: Aug 29 at 9:06AM
MLS# U8233848
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 mixed-use property comprises three buildings across two parcels under one tax ID arrangement. The primary building contains a first-floor commercial area and an approximately 2,800-square-foot second-floor space with a full kitchen, currently used for meetings and events. A detached house and a separate two-bedroom, one-bath single-family home used for storage are also included. The property has concrete, block, and stucco construction, with concrete, carpet, and tile flooring. Improvements include an updated electrical panel, bathrooms, lighting, and AC unit, along with a built-up roof reported as 3 years old.
The additional parcel measures over 4,500 square feet and is used for parking. Combined parking capacity is stated at 50 cars, with secured parking features. Current zoning is institutional. Public water, public sewer, and electricity availability serve the property. The corner location is at 1315 9th Avenue N in St. Petersburg, near St. Anthony Hospital and approximately 7 minutes from downtown.
The additional parcel measures over 4,500 square feet and is used for parking. Combined parking capacity is stated at 50 cars, with secured parking features. Current zoning is institutional. Public water, public sewer, and electricity availability serve the property. The corner location is at 1315 9th Avenue N in St. Petersburg, near St. Anthony Hospital and approximately 7 minutes from downtown.
Key Highlights
- Three buildings across two parcels under one tax ID arrangement
- Approximately 2,800‑square‑foot second‑floor event and meeting space with full kitchen
- Additional parking parcel measures over 4,500 square feet
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
$104,030
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
5.80%
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%
$2,080,600
$2.1M
Cap Rate 7%
$1,486,143
$1.5M
Cap Rate 9%
$1,155,889
$1.2M
Market Conditions
NOI Build-Up for 8,376 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
$180.9K $21.60/SF
− Vacancy
−$14.5K −$1.73/SF
EGI
$166.4K $19.87/SF
− OpEx
−$62.4K −$7.45/SF
NOI
$104.0K $12.42/SF
Area
Pinellas County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$2,080,600
Cap Rate 7%
$1,486,143
Cap Rate 9%
$1,155,889
Alternative Uses
Best Use
Mixed Use
$1.49M
$1.30M – $1.73M
NOI $104,030 @ 7.0% cap · market cap 5.80%
Second Best
Retail
$1.17M
$1.03M – $1.37M
NOI $82,231 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,506 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,775
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
5,238 visits/mo
0.5 miles
Citgo
Shops & Services
5,227 visits/mo
0.4 miles
Tires Plus
Shops & Services
2,168 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
1,425 visits/mo
0.3 miles
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property with updated systems, multiple structures, and secured parking.
Where is this mixed-use property located?
The property is located at 1315 9TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Three buildings across two parcels under one tax ID arrangement; Approximately 2,800‑square‑foot second‑floor event and meeting space with full kitchen; Additional parking parcel measures over 4,500 square feet
