Remodeled Flex
For Sale
$1,100,000
1444 19th St N, St Petersburg, FL 33713
Interconnected warehouse and office/showroom areas support varied commercial configurations within an IT-zoned property.
Property Size4,709 SF
Price / SF$233.60
Days on Market39
Property Features for 1444 19th St N
General Information
Standard status
Active
Size
4,709 SF
Zoning
IT
Additional Details
Office Units
1
Building Details
Year Built
1952
Buildings
3
Construction
block
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(727) 282-1788
Listed By:
Patrick Calhoon · License #259869
Source:
Livewelltampabay
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 1:13PM
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 SMITH & ASSOCIATES REAL ESTATE
Investment Insights
Based on property information with market context.
This remodeled commercial property comprises 4,709 square feet across three connected block structures. Two buildings provide warehouse space, while the smaller building is configured as an office and showroom. The layout combines functional industrial areas with finished customer-facing and administrative space.
The property carries IT (Industrial Traditional) zoning, which allows many types of uses. It sits across from the ball fields at Woodlawn Park and is within 5 minutes of downtown St. Pete, Allendale, and Old Northeast. Originally built in 1952, the building has remained under family ownership for more than 80 years.
The property carries IT (Industrial Traditional) zoning, which allows many types of uses. It sits across from the ball fields at Woodlawn Park and is within 5 minutes of downtown St. Pete, Allendale, and Old Northeast. Originally built in 1952, the building has remained under family ownership for more than 80 years.
Key Highlights
- 4,709 SF across three interconnected block buildings
- Two warehouse buildings plus a separate office/showroom component
- Remodeled commercial property with combined industrial and office areas
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
$73,114
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
6.65%
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%
$1,462,280
$1.5M
Cap Rate 7%
$1,044,486
$1.0M
Cap Rate 9%
$812,378
$812.4K
Market Conditions
NOI Build-Up for 4,709 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
$122.6K $26.04/SF
− Vacancy
−$25.1K −$5.34/SF
EGI
$97.5K $20.70/SF
− OpEx
−$24.4K −$5.18/SF
NOI
$73.1K $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%
$1,462,280
Cap Rate 7%
$1,044,486
Cap Rate 9%
$812,378
Alternative Uses
Best Use
Office B
$1.04M
$913.9K – $1.22M
NOI $73,114 @ 7.0% cap · market cap 6.65%
Second Best
Retail
$660.4K
$577.9K – $770.5K
NOI $46,231 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,739 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Interconnected warehouse and office/showroom areas support varied commercial configurations within an IT-zoned property.
Where is this flex space located?
The property is located at 1444 19th St N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,709 SF across three interconnected block buildings; Two warehouse buildings plus a separate office/showroom component; Remodeled commercial property with combined industrial and office areas
