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    2595 54Th Ave N St Petersburg, FL 33714

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    120-room hotel near Downtown St. Petersburg and St. Pete Beach.

    Property size:
    44,642 SF
    Lot size:
    2.38 Acres

    Property Features for 2595 54Th Ave N

    General Information

    Standard status
    Active
    Size
    44,642 SF
    Lot size
    2.38 Acres

    Building Details

    Year built
    1973

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    Listing Contact
    Dennis Hopper, Ccim
    Source: Crexi

    Listing Agency: DSH Hotel Advisors Inc Listing Agent: Dennis Hopper, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Quality Inn St. Petersburg North

    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.
    Location Intelligence

    Current Use by Public Records

    Columbia Mountain Times Television Studio Tropicana inn Hotel & Motel Knights Inn Saint ... Hotel & Motel Quality Inn Saint ... Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6680352
    Latitude
    27.8223521

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    FAQs

    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 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.
    Request Owner's contact information
    2595 54Th Ave N St Petersburg, FL 33714
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    St Petersburg, FL 33714
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2595 54Th Ave N St Petersburg, FL 33714
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    We can help!
    Listing Contact
    Dennis Hopper, Ccim
    Real Estate License ID: BK3242834
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