St. Petersburg Commercial Property For
For Sale
$800,000
1254 34TH STREET S, St Petersburg, FL 33711
Versatile commercial property in high-visibility corridor, ideal for various uses.
Property Size3,740 SF
Lot Size0.18 Acres
Price / SF$213.90
Days on Market1135
Property Features for 1254 34TH STREET S
General Information
Standard status
Active
Size
3,740 SF
Lot size
0.18 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,076
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Building Details
Year Built
1986
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
LATONYA OLIVER · License #3317238
Source:
Corcoran
Added: Jul 1, 2023
Changed: Aug 8
Last Checked: Aug 8 at 6:11AM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
Located on a high-visibility corridor with steady traffic flow, this commercial property at 1254 34th Street South in St. Petersburg, FL, offers versatility for various business operations. The property features four oversized garage bays, making it suitable for auto repair, tire service, alignments, and light industrial uses. The bays also provide an opportunity for a custom business buildout. Zoned for multiple commercial uses and situated within a federally designated Opportunity Zone, the property offers potential long-term tax advantages and redevelopment opportunities. The building has demonstrated structural resilience and continued viability, remaining operational throughout recent storm seasons. The property is suitable for expansion of its current use or repositioning for a new concept. With strong frontage, functional bay space, and room for operational flexibility, this property is well-suited for an owner-operator or investor seeking value in a maturing market. The property size is 3740 square feet.
Key Highlights
- High‑visibility location with steady traffic flow ideal for commercial use.
- Four oversized garage bays suitable for auto repair, light industrial, or custom buildout.
- Zoned for multiple commercial uses and located in a federally designated Opportunity Zone offering potential tax advantages.
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
$36,717
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
4.59%
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%
$734,340
$734.3K
Cap Rate 7%
$524,529
$524.5K
Cap Rate 9%
$407,967
$408.0K
Market Conditions
NOI Build-Up for 3,740 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
$56.1K $15.00/SF
− Vacancy
−$3.6K −$0.98/SF
EGI
$52.5K $14.03/SF
− OpEx
−$15.7K −$4.21/SF
NOI
$36.7K $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 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%
$734,340
Cap Rate 7%
$524,529
Cap Rate 9%
$407,967
Alternative Uses
Best Use
Retail
$524.5K
$459.0K – $612.0K
NOI $36,717 @ 7.0% cap · market cap 4.59%
Second Best
Industrial
$391.8K
$342.9K – $457.2K
NOI $27,429 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$972.8K
$851.2K – $1.13M
NOI $68,096 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
24k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Dining 8%
Shell
Shops & Services
10,584 visits/mo
0.3 miles
Mobil
Shops & Services
4,440 visits/mo
0.3 miles
Public Storage
Shops & Services
2,343 visits/mo
0.1 miles
BP
Shops & Services
2,248 visits/mo
0.1 miles
Hungry Howie's Pizza
Dining
1,982 visits/mo
0.4 miles
Demographics for 33711, FL
20,121
Population
9,522
Households
2.1
Avg Household Size
41
Median Age
32%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
4,281
Density / Sq Mi
$68,295
Median Household Income
$27,156
Median Earnings
$1,819
Median Rent
$253,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Whitey's Transmission Service — 3101 22nd Ave S, St. Petersburg, FL 33712
- Dreamantic Auto Service, Llc — 2721 18th Ave S, St. Petersburg, FL 33712
- Auto Glass Now — 1720 34th St S, St. Petersburg, FL 33711
- KNOWTOW 24hr Motorcycle Towing — 1720 34th St S, St. Petersburg, FL 33711
- Dan's Brake World — 2200 34th St S, St. Petersburg, FL 33711
Frequently Asked Questions
What type of property is this?
Auto shop - Versatile commercial property in high-visibility corridor, ideal for various uses.
Where is this auto shop located?
The property is located at 1254 34TH STREET S St Petersburg, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: High‑visibility location with steady traffic flow ideal for commercial use.; Four oversized garage bays suitable for auto repair, light industrial, or custom buildout.; Zoned for multiple commercial uses and located in a federally designated Opportunity Zone offering potential tax advantages.
