Versatile Commercial Property in St.
For Sale
$829,999
5205 HAINES ROAD N, St Petersburg, FL 33714
Flexible commercial property suitable for warehouse, retail, or live-work use.
Property Size1,885 SF
Lot Size0.21 Acres
Price / SF$440.32
Days on Market304
Property Features for 5205 HAINES ROAD N
General Information
Standard status
Active
Size
1,885 SF
Lot size
0.21 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,177
Amenities
Central air
Pool
Public Pool
Concrete Flooring
Electrical Nearby
Emergency Power
Parking Spaces - 6 to 12
Wall/Window Unit(s) Cooling
Building Details
Year Built
1941
Listing Agency:
JACK KELLER INC
(727) 586-1497
Listed By:
JOHN KELLER, III · License #3063732
Source:
Corcoran
Added: Oct 31, 2025
Changed: Aug 26
Last Checked: Aug 29 at 6:59AM
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 JACK KELLER INC
Investment Insights
Based on property information with market context.
This commercial property is located in a growing area of St. Petersburg. The property includes a 1,885 square foot building situated on a 9,226 square foot (0.21 acre) parcel. The property features a secure fenced yard with space for parking or expansion. It is zoned for multiple commercial uses and is located in the Lealman Redevelopment Area. The property has been successfully operated as an estate liquidation and auction business since 2015, and the business may be available separately. The property is suitable for warehouse, retail, distribution, storage, or live-work use, and may also be considered a development opportunity. It offers strong local traffic, great visibility, and long-term growth potential.
Key Highlights
- Flexible commercial property suitable for warehouse, retail, distribution, storage, or live‑work use.
- Located in the rapidly growing Lealman Redevelopment Area of St. Petersburg.
- Large 9,226 sq. ft. parcel with a secure fenced yard offering ample parking or expansion possibilities.
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
$29,267
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
3.53%
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%
$585,340
$585.3K
Cap Rate 7%
$418,100
$418.1K
Cap Rate 9%
$325,189
$325.2K
Market Conditions
NOI Build-Up for 1,885 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
$49.1K $26.04/SF
− Vacancy
−$10.1K −$5.34/SF
EGI
$39.0K $20.70/SF
− OpEx
−$9.8K −$5.18/SF
NOI
$29.3K $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%
$585,340
Cap Rate 7%
$418,100
Cap Rate 9%
$325,189
Alternative Uses
Best Use
Office B
$418.1K
$365.8K – $487.8K
NOI $29,267 @ 7.0% cap · market cap 3.53%
Second Best
Mixed Use
$334.5K
$292.7K – $390.2K
NOI $23,412 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$490.3K
$429.0K – $572.0K
NOI $34,321 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Explore this area
Business Placement
Demographics for 33714, FL
19,905
Population
9,889
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
5,380
Density / Sq Mi
$47,221
Median Household Income
$36,207
Median Earnings
$1,270
Median Rent
$177,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial property suitable for warehouse, retail, or live-work use.
Where is this mixed-use property located?
The property is located at 5205 HAINES ROAD N St Petersburg, FL.
What is the asking price?
The asking price for this property is $829,999.
What are key features of this property?
This property features: Flexible commercial property suitable for warehouse, retail, distribution, storage, or live‑work use.; Located in the rapidly growing Lealman Redevelopment Area of St. Petersburg.; Large 9,226 sq. ft. parcel with a secure fenced yard offering ample parking or expansion possibilities.
