St. Petersburg Condo with
For Sale
$140,000
Pending
11901 4TH N STREET 6303, St Petersburg, FL 33716
Updated 1-bedroom condo with modern features and resort-style amenities.
Property Size665 SF
Days on Market545
Property Features for 11901 4TH N STREET 6303
General Information
Standard status
Pending
Size
665 SF
Property subtype
Condo/Townhome
Taxes and HOA fees
Annual Taxes
$515
Building Details
Year Built
1988
Listing Agency:
AVENUE HOMES LLC
(813) 416-3722
Listed By:
Luciana Rivera · License #3311206
(813) 416-3722
Source:
Exitrealty
Added: Feb 13, 2025
Changed: Aug 8
Last Checked: Aug 12 at 6:28AM
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 AVENUE HOMES LLC
Investment Insights
Based on property information with market context.
This 1-bedroom, 1-bathroom condo in St. Petersburg features high ceilings and laminate flooring throughout. The kitchen is equipped with granite countertops. A newer A/C unit was installed in 2022, and a new water heater was installed in 2023. For convenience, the unit includes a washer and dryer. Residents have access to resort-style amenities, including a swimming pool, fitness center, and tennis courts. The community is pet-friendly. Located in the Gateway area of St. Petersburg, the property offers access to shopping, dining, and Gulf Coast beaches. The property size is 665 square feet.
Key Highlights
- Newer A/C (2022) and water heater (2023) provide peace of mind.
- Resort‑style amenities include a sparkling swimming pool, fitness center, and tennis courts.
- Convenient in‑unit washer & dryer.
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
$6,116
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
4.37%
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%
$122,320
$122.3K
Cap Rate 7%
$87,371
$87.4K
Cap Rate 9%
$67,956
$68.0K
Market Conditions
NOI Build-Up for 665 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
$12.0K $18.00/SF
− Vacancy
−$850 −$1.28/SF
EGI
$11.1K $16.72/SF
− OpEx
−$5.0K −$7.52/SF
NOI
$6.1K $9.20/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$122,320
Cap Rate 7%
$87,371
Cap Rate 9%
$67,956
Alternative Uses
Best Use
Apartment 5plus
$87.4K
$76.5K – $101.9K
NOI $6,116 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$173.0K
$151.4K – $201.8K
NOI $12,108 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 33716, FL
18,023
Population
11,596
Households
1.6
Avg Household Size
35
Median Age
46%
College-Educated
95%
High-School Grad
7.2 sq mi
ZIP Area
2,503
Density / Sq Mi
$73,576
Median Household Income
$45,896
Median Earnings
$1,732
Median Rent
$163,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated 1-bedroom condo with modern features and resort-style amenities.
Where is this residential income property located?
The property is located at 11901 4TH N STREET 6303 St Petersburg, FL.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Newer A/C (2022) and water heater (2023) provide peace of mind.; Resort‑style amenities include a sparkling swimming pool, fitness center, and tennis courts.; Convenient in‑unit washer & dryer.
