Quality Inn St. Petersburg
For Sale
Contact for pricing
2595 54th Ave N, St Petersburg, FL 33714
120-room hotel near Downtown St. Petersburg and St. Pete Beach.
Property Size44,642 SF
Lot Size2.38 Acres
Price / SF$190.40
Days on Market201
Property Features for 2595 54th Ave N
General Information
Standard status
Active
Size
44,642 SF
Lot size
2.38 Acres
Property subtype
Hospitality
Net Operating Income
$612,319
Building Details
Year Built
1973
Year Renovated
2021
Buildings
3
Stories
2
Listing Agency:
DSH Hotel Advisors Inc
Listed By:
Dennis Hopper, CCIM · License #FL BK3242834
Source:
Crexi
Added: Jan 23
Changed: Aug 10
Last Checked: Aug 11 at 5:10PM
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 DSH Hotel Advisors Inc
Investment Insights
Based on property information with market context.
The Quality Inn St. Petersburg North is a 120-room hotel located just off Interstate 275. Of the total rooms, 106 are currently operational. The property sits on approximately 2.38 acres, conveniently located about 5 miles from Downtown St. Petersburg and 10 miles from St. Pete Beach. The hotel benefits from close proximity to a wide range of corporate, leisure, and medical demand generators. The subject property remains in good condition, supported by recent renovations and an ongoing capital improvement plan. It is estimated that the current owners spent approximately $4,000,000 in construction plus an additional $1,000,000 in improvements and FF&E. The hotel was closed from November 2019 until April 2021 during the renovation/conversion process. The Tampa–St. Petersburg–Clearwater MSA supports a robust and diversified hospitality market. Anchored by sectors such as healthcare, finance, technology, professional services, and defense (e.g. MacDill Air Force Base), its employment base provides consistent base demand. In fiscal year 2023, the region welcomed over 26.7 million visitors and generated nearly $1 billion in taxable hotel revenue in Hillsborough County alone. Tampa International Airport (TPA) handled approximately 23.9 million passengers in 2023. The Quality Inn by Choice Hotels presents a stabilized, turn-key investment with strong in-place revenues and a proven operational foundation. The property combines recent renovations with long-term upside potential.
Key Highlights
- Recently renovated 120‑room Quality Inn (106 rooms operational) in the highly sought‑after Tampa–St. Petersburg–Clearwater MSA.
- Located conveniently off I‑275, approximately 5 miles from Downtown St. Petersburg and 10 miles from St. Pete Beach.
- Strong market with diversified hospitality demand driven by healthcare, finance, technology, and tourism.
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
$286,267
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
3.37%
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%
$5,725,340
$5.7M
Cap Rate 7%
$4,089,529
$4.1M
Cap Rate 9%
$3,180,744
$3.2M
Market Conditions
NOI Build-Up for 44,642 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
$803.6K $18.00/SF
− Vacancy
−$200.9K −$4.50/SF
EGI
$602.7K $13.50/SF
− OpEx
−$316.4K −$7.09/SF
NOI
$286.3K $6.41/SF
Area
Pinellas County, FL
Vacancy
25.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$5,725,340
Cap Rate 7%
$4,089,529
Cap Rate 9%
$3,180,744
Alternative Uses
Best Use
Hotel Hospitality
$4.09M
$3.58M – $4.77M
NOI $286,267 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.61M
$10.16M – $13.55M
NOI $812,822 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 33714, FL
19,905
Population
9,889
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
5,380
Density / Sq Mi
$47,221
Median Household Income
$36,207
Median Earnings
$1,270
Median Rent
$177,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - 120-room hotel near Downtown St. Petersburg and St. Pete Beach.
Where is this hotel located?
The property is located at 2595 54th Ave N St Petersburg, FL.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Recently renovated 120‑room Quality Inn (106 rooms operational) in the highly sought‑after Tampa–St. Petersburg–Clearwater MSA.; Located conveniently off I‑275, approximately 5 miles from Downtown St. Petersburg and 10 miles from St. Pete Beach.; Strong market with diversified hospitality demand driven by healthcare, finance, technology, and tourism.
