Corner Retail
For Sale
$492,000
1601 5TH AVENUE N, St Petersburg, FL 33713
For sale corner storefront on Fifth Avenue North with access from 16th St. N.
Property Size2,768 SF
Days on Market161
Property Features for 1601 5TH AVENUE N
General Information
Standard status
Active
Size
2,768 SF
Taxes and HOA fees
Annual Taxes
$5,477
Amenities
Other
Building Details
Building Size
2,768 SF
Year Built
1929
Stories
1
Listing Agency:
SCRIBANO & ASSOC INC
(727) 893-4663
Listed By:
George Scribano · License #3001430
(727) 893-4663
Source:
Evrealestate
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 16 at 4:12AM
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 SCRIBANO & ASSOC INC
Investment Insights
Based on property information with market context.
This for-sale retail storefront is positioned at a northwest corner and presented as a street-level commercial space suitable for neighborhood retail activity.
The property is located on Fifth Avenue North at 16th St. N. Driving directions include taking I-275 to the 5th Ave. North exit, then going left/east at the bottom of the ramp and proceeding two blocks to the left-hand side.
A corner storefront configuration can support a wide range of small retail uses that benefit from direct street exposure and straightforward customer access. Prospective buyers and tenants should confirm space details and suitability for their specific business needs during due diligence.
The property is located on Fifth Avenue North at 16th St. N. Driving directions include taking I-275 to the 5th Ave. North exit, then going left/east at the bottom of the ramp and proceeding two blocks to the left-hand side.
A corner storefront configuration can support a wide range of small retail uses that benefit from direct street exposure and straightforward customer access. Prospective buyers and tenants should confirm space details and suitability for their specific business needs during due diligence.
Key Highlights
- Corner storefront at Fifth Avenue North and 16th St. N.
- Access from 16th St. N.
- Built in 1929
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
$27,175
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
5.52%
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%
$543,500
$543.5K
Cap Rate 7%
$388,214
$388.2K
Cap Rate 9%
$301,944
$301.9K
Market Conditions
NOI Build-Up for 2,768 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
$41.5K $15.00/SF
− Vacancy
−$2.7K −$0.98/SF
EGI
$38.8K $14.03/SF
− OpEx
−$11.6K −$4.21/SF
NOI
$27.2K $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%
$543,500
Cap Rate 7%
$388,214
Cap Rate 9%
$301,944
Alternative Uses
Best Use
Retail
$388.2K
$339.7K – $452.9K
NOI $27,175 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.0K
$630.0K – $840.0K
NOI $50,399 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,002
Businesses Nearby
133k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 35%
Hotels & Casinos 4%
Home Improvements & Furnishings 2%
McDonald's
Dining
30,094 visits/mo
0.4 miles
Circle K
Shops & Services
22,509 visits/mo
0.2 miles
Taco Bell
Dining
13,948 visits/mo
0.2 miles
7-Eleven
Shops & Services
9,936 visits/mo
0.2 miles
Circle K
Shops & Services
9,045 visits/mo
0.5 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.
Similar Off Market Nearby
- Prime — 2180 9th ave n, st. petersburg, fl 33713
- The Urban Planter — 511 12th Ave N, St. Petersburg, FL 33701
- Flowers St Petersburg Florist — st. petersburg, fl 33701
- By The Bay Floral — 2140 9th Ave N, St. Petersburg, FL 33713
Frequently Asked Questions
What type of property is this?
Storefront property - For sale corner storefront on Fifth Avenue North with access from 16th St. N.
Where is this storefront property located?
The property is located at 1601 5TH AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $492,000.
What are key features of this property?
This property features: Corner storefront at Fifth Avenue North and 16th St. N.; Access from 16th St. N.; Built in 1929
