St. Petersburg Flex Space
2254 16th Ave N, St Petersburg, FL 33713
For Sale
Contact for pricing
4,488 SF flex building with warehouse and residential unit.
Property Size4,488 SF
Price / SF$177.14
Days on Market284
Property Features for 2254 16th Ave N
General Information
Standard status
Size
Property subtype
Zoning
Listing Agency:
Vector Commercial Real Estate
Listed By:
Ned Willis · License FL #499932
(727) 823-1230
Source:
Crexi
Added: Feb 2
Changed: Nov 12
Last Checked: Nov 12 at 8:16AM
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 Vector Commercial Real Estate
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Investment Insights
Based on property information with market context.
Located in central St. Petersburg at 2254 16th Avenue North, this 4,488 SF concrete block building is situated just off 22nd Avenue North behind Home Depot, providing convenient access to I-275, US-19, and downtown St. Petersburg. The property is zoned Industrial Traditional (IT), allowing for a wide range of industrial, warehouse, and office uses. It features 2,088 SF of warehouse space, 1,200 SF of flex/office space, and a 1,200 SF apartment on the second floor with three bedrooms and two bathrooms. The warehouse includes two grade-level overhead doors, two car lifts, and an approximately 13-foot clear ceiling height. The property also features a fenced yard. This property is suitable for a small contractor, service provider, auto repair, or body shop, with ample yard space for vehicles, equipment, and materials.
Key Highlights
- 4,488 SF concrete block building with flexible space: 2,088 SF warehouse, 1,200 SF flex/office, and a 1,200 SF 3‑bedroom, 2‑bath apartment.
- Zoned Industrial Traditional (IT) allowing for a wide range of industrial, warehouse, and office uses.
- Convenient central St. Petersburg location with easy access to I‑275, US‑19, and downtown.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,604
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,080
$812.1K
Cap Rate 7%
$580,057
$580.1K
Cap Rate 9%
$451,156
$451.2K
Market Conditions
NOI Build-Up for 4,488 SF
Gross rent
$66.2K $14.76/SF
− Vacancy
−$3.8K −$0.84/SF
EGI
$62.5K $13.92/SF
− OpEx
−$21.9K −$4.87/SF
NOI
$40.6K $9.05/SF
Area
Pinellas County, FL
Vacancy
5.70%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,080
Cap Rate 7%
$580,057
Cap Rate 9%
$451,156
Alternative Uses
Best Use
Flex RnD
$580.1K
$507.6K – $676.7K
NOI $40,604 @ 7.0% cap · market cap 5.11%
Second Best
Industrial
$470.2K
$411.4K – $548.6K
NOI $32,914 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,715 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Under-served
Demand for This Use
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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
$279,000
Median Home Value
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Market
Average Price Trend$/SF for Flex space in St Petersburg, FL
Properties on Market for Flex space in St Petersburg
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - 4,488 SF flex building with warehouse and residential unit.
Where is this flex space located?
The property is located at 2254 16th Ave N St Petersburg, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 4,488 SF concrete block building with flexible space: **2,088 SF warehouse, 1,200 SF flex/office, and a 1,200 SF 3‑bedroom, 2‑bath apartment.**; Zoned Industrial Traditional (IT) allowing for a wide range of industrial, warehouse, and office uses.; Convenient central St. Petersburg location with easy access to I‑275, US‑19, and downtown.
