Former Body Shop on
For Sale
$399,000
Pending
2500 20TH N AVENUE, St Petersburg, FL 33713
Former body shop with office and multiple spaces for sale.
Property Size2,112 SF
Lot Size0.13 Acres
Days on Market524
Property Features for 2500 20TH N AVENUE
General Information
Standard status
Pending
Size
2,112 SF
Lot size
0.13 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$3,156
Building Details
Year Built
1948
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 251-2043
Listed By:
Richard Hannahs · License #609525
(727) 251-2043
Source:
Exitrealty
Added: Mar 7, 2025
Changed: Aug 8
Last Checked: Aug 12 at 3:27AM
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 CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
This property, formerly a body shop, is located on the corner of 20th Avenue N and 25th Street. The building includes an air-conditioned office area and six spaces, as well as a paint booth. The sale includes the building only, without equipment. Situated in an industrial area, the property offers ample parking. The property has a size of 2112 square feet.
Key Highlights
- High‑visibility corner lot location at 20th Ave N and 25th St.
- Air‑conditioned office space.
- Includes a paint booth.
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
$20,735
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
5.20%
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%
$414,700
$414.7K
Cap Rate 7%
$296,214
$296.2K
Cap Rate 9%
$230,389
$230.4K
Market Conditions
NOI Build-Up for 2,112 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
$31.7K $15.00/SF
− Vacancy
−$2.1K −$0.98/SF
EGI
$29.6K $14.03/SF
− OpEx
−$8.9K −$4.21/SF
NOI
$20.7K $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%
$414,700
Cap Rate 7%
$296,214
Cap Rate 9%
$230,389
Alternative Uses
Best Use
Retail
$296.2K
$259.2K – $345.6K
NOI $20,735 @ 7.0% cap · market cap 5.20%
Second Best
Industrial
$221.3K
$193.6K – $258.2K
NOI $15,489 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$549.3K
$480.7K – $640.9K
NOI $38,454 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
126k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 24%
Dining 18%
Home Improvements & Furnishings 12%
Publix
Groceries
54,679 visits/mo
0.4 miles
Starbucks
Dining
21,927 visits/mo
0.4 miles
Dollar Tree
Shops & Services
20,195 visits/mo
0.4 miles
Floor & Decor
Home Improvements & Furnishings
14,672 visits/mo
0.4 miles
Take 5 Oil Change
Shops & Services
3,913 visits/mo
0.4 miles
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Former body shop with office and multiple spaces for sale.
Where is this auto shop located?
The property is located at 2500 20TH N AVENUE St Petersburg, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: High‑visibility corner lot location at 20th Ave N and 25th St.; Air‑conditioned office space.; Includes a paint booth.
