Corner-Lot Office
For Sale
$375,000
2350 26th Street North, St Petersburg, FL 33713
Flexible bungalow layout with multiple entrances, private rooms, a kitchen, and paved on-site parking.
Property Size1,308 SF
Price / SF$286.70
Days on Market1252
Property Features for 2350 26th Street North
General Information
Standard status
Active
Size
1,308 SF
Property subtype
Commercial Sale / Mixed Use
Zoning
IT
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,060
Amenities
Central Air
Central
Carpet, Luxury Vinyl, Reclaimed Wood
No
Drywall, Plaster
Square Feet
Public Records
Shingle
One
Mature Landscaping, Trees
1
Crawlspace, Slab
Other
Building Details
Year Built
1957
Buildings
1
Listing Agency:
WHY REALTY
(727) 408-1015
Listed By:
Malarie Smith · License #3085754
(727) 408-1015
Source:
Compass
Added: Mar 29, 2023
Changed: Aug 30
Last Checked: Aug 30 at 5:13PM
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 WHY REALTY
Investment Insights
Based on property information with market context.
This 1,308-square-foot office bungalow, built in 1957, is arranged for flexible professional use. The interior includes two reception areas, a separate waiting or conference area, three private rooms, and a multipurpose room with an employee lounge connected to a spacious kitchen. Three separate entrances support distinct access points within the building. Central air, carpet, luxury vinyl, and reclaimed wood flooring are included among the interior features.
The property occupies a corner lot in St. Petersburg, with mature landscaping, trees, and paved parking. It is located minutes from I-275 and a couple of miles from downtown. Zoning is Industrial Traditional, designated as IT.
The property occupies a corner lot in St. Petersburg, with mature landscaping, trees, and paved parking. It is located minutes from I-275 and a couple of miles from downtown. Zoning is Industrial Traditional, designated as IT.
Key Highlights
- 1,308‑square‑foot office building on a corner lot
- Three separate entrances support flexible internal access
- Two reception areas plus a waiting area or conference room
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
$20,308
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
5.42%
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%
$406,160
$406.2K
Cap Rate 7%
$290,114
$290.1K
Cap Rate 9%
$225,644
$225.6K
Market Conditions
NOI Build-Up for 1,308 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
$34.1K $26.04/SF
− Vacancy
−$7.0K −$5.34/SF
EGI
$27.1K $20.70/SF
− OpEx
−$6.8K −$5.18/SF
NOI
$20.3K $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%
$406,160
Cap Rate 7%
$290,114
Cap Rate 9%
$225,644
Alternative Uses
Best Use
Office B
$290.1K
$253.9K – $338.5K
NOI $20,308 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$340.2K
$297.7K – $396.9K
NOI $23,815 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible bungalow layout with multiple entrances, private rooms, a kitchen, and paved on-site parking.
Where is this office building located?
The property is located at 2350 26th Street North St Petersburg, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,308‑square‑foot office building on a corner lot; Three separate entrances support flexible internal access; Two reception areas plus a waiting area or conference room
