St. Petersburg Retail Building For
For Sale
$475,000
1602 31St Ave N, Saint Petersburg, FL 33713
Retail building for sale in St. Petersburg, Florida.
Property Size2,928 SF
Lot Size0.23 Acres
Price / SF$162.23
Days on Market277
Property Features for 1602 31St Ave N
General Information
Standard status
Active
Property type
Retail properties & Spaces, Individual retail properties, Other individual retail properties
Size
2,928 SF
Lot size
0.23 Acres
Building Details
Year Built
1969
Listed By:
Holly DiMemmo
(813) 210-1998
Added: Jan 20
Changed: Mar 16
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A retail building is available for sale in St. Petersburg, Florida. The property has a size of 2928 square feet and is situated on a lot of approximately 0.23 acres.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,746
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,920
$574.9K
Cap Rate 7%
$410,657
$410.7K
Cap Rate 9%
$319,400
$319.4K
Market Conditions
NOI Build-Up for 2,928 SF
Gross rent
$43.9K $15.00/SF
− Vacancy
−$2.9K −$0.98/SF
EGI
$41.1K $14.03/SF
− OpEx
−$12.3K −$4.21/SF
NOI
$28.7K $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 Rate 5%
$574,920
Cap Rate 7%
$410,657
Cap Rate 9%
$319,400
Alternative Uses
Best Use
Retail
$410.7K
$359.3K – $479.1K
NOI $28,746 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$761.6K
$666.4K – $888.5K
NOI $53,312 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 66%
Shops & Services 34%
Vision Ace Hardware
Home Improvements & Furnishings
16,259 visits/mo
0.5 miles
7-Eleven
Shops & Services
8,533 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail property - Retail building for sale in St. Petersburg, Florida.
Where is this retail property located?
The property is located at 1602 31St Ave N Saint Petersburg, FL.
What is the asking price?
The asking price for this property is $475,000.
