Mixed-Use Property in Tierra
1130 Pinellas Bayway South, St Petersburg, FL 33715
Versatile mixed-use property with commercial spaces and apartment units.
Type:OFC, SCR-REST, MU
Property size:
6,858 SFPrice / SF:
$233/SF- Added:
- Dec 10, 2024
- Days on Market:
- 538
- Last Refresh:
- Apr 3 at 5:02 am
Property Features for 1130 Pinellas Bayway South
General Information
- Standard status
- Active
- Size
- 6,858 SF
- Property subtype
- OFC, SCR-REST, MU
Listing agent Harold "Hal" Holder (727) 241-1307
Listing office KW Commercial - Tampa Bay - FL (727) 241-1307
Listing date Dec 10, 2024
Source Realnex
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 KW Commercial - Tampa Bay - FL
HighLights
- Prime mixed‑use property in desirable Tierra Verde, Florida.
- Two commercial spaces, 1,713 sq ft each, suitable for restaurant, retail, or office.
- Four 2‑bedroom, 1‑bathroom apartment units (868 sq ft each) provide rental income.
- 21 dedicated parking spaces.
- High visibility and easy access location.
- Ideal for investors, restaurateurs, or property developers.
Overview
This mixed-use property is located in Tierra Verde, Florida. The property features two commercial spaces on the ground floor, each measuring 1,713 square feet, suitable for restaurant, retail, or office use. Above the commercial spaces are four apartment units, each with 2 bedrooms and 1 bathroom, and 868 square feet of living space. These units are suitable for long-term rentals or vacation getaways. The property includes 21 parking spaces. The location offers high visibility and easy access. This property combines rental income potential with business opportunities.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.6k | $26.04 |
| − Vacancy | −$36.6k | −$5.34 |
| EGI | $142.0k | $20.70 |
| − OpEx | −$35.5k | −$5.18 |
| NOI | $106.5k | $15.53 |
6,858 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,480 @ 7.0% cap · market cap 6.66%
Second Best
Mixed Use
$1.22M
$1.06M – $1.42M
NOI $85,176 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,867 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- St Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7262936
- Latitude
- 27.6746714
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile mixed-use property with commercial spaces and apartment units.
Where is this mixed-use property located?
The property is located at 1130 Pinellas Bayway South St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Prime mixed‑use property in desirable Tierra Verde, Florida.; Two commercial spaces, 1,713 sq ft each, suitable for restaurant, retail, or office.; Four 2‑bedroom, 1‑bathroom apartment units (868 sq ft each) provide rental income.
