Corner Retail
For Sale
$477,000
1601 5th Avenue North St., Saint Petersburg, FL 33713
For sale corner storefront on Fifth Avenue North with access from 16th St. N.
Property Size2,448 SF
Days on Market69
Property Features for 1601 5th Avenue North St.
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Restaurant
Building Details
Building Size
2,448 SF
Year Built
1929
Listing Agency:
KW Commercial
(727) 510-1921
Listed By:
Jon LaBudde · License #3001430
(727) 510-1921
Source:
Thebrokerlist
Added: Jun 22
Changed: Aug 25
Last Checked: Aug 29 at 5:48AM
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
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
$24,033
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
5.04%
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%
$480,660
$480.7K
Cap Rate 7%
$343,329
$343.3K
Cap Rate 9%
$267,033
$267.0K
Market Conditions
NOI Build-Up for 2,448 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
$36.7K $15.00/SF
− Vacancy
−$2.4K −$0.98/SF
EGI
$34.3K $14.03/SF
− OpEx
−$10.3K −$4.21/SF
NOI
$24.0K $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%
$480,660
Cap Rate 7%
$343,329
Cap Rate 9%
$267,033
Alternative Uses
Best Use
Retail
$343.3K
$300.4K – $400.6K
NOI $24,033 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$636.7K
$557.2K – $742.9K
NOI $44,572 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
332k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 27%
Groceries 25%
Shops & Services 22%
Dining 12%
Sam's Club
Superstores
90,454 visits/mo
0.1 miles
Publix
Groceries
54,679 visits/mo
0.3 miles
Winn-Dixie
Groceries
27,224 visits/mo
0.1 miles
Starbucks
Dining
21,927 visits/mo
0.2 miles
Goodwill
Apparel
21,149 visits/mo
0.4 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
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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 North St. Saint Petersburg, FL.
What is the asking price?
The asking price for this property is $477,000.
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
