St. Petersburg Retail Building For
1602 31St Ave N Saint Petersburg, FL 33713
For Sale
$475,000
Retail building for sale in St. Petersburg, Florida.
Property Size2,928 SF
Lot Size0.23 Acres
Price / SF$162.23
Days on Market187
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
Listing Agency:
LPT Realty, LLC.
(813) 210-1998
Listed By:
Holly · License #3490452
(813) 210-1998
Added: Jan 20
Changed: Mar 16
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.9k | $15.00 |
| − Vacancy | −$2.9k | −$0.98 |
| EGI | $41.1k | $14.03 |
| − OpEx | −$12.3k | −$4.21 |
| NOI | $28.7k | $9.82 |
2,928 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Individual retail properties
FAQs
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.
