St. Petersburg Mixed-Use Commercial
For Sale
$1,020,000
2715 9TH AVENUE N, St Petersburg, FL 33713
Versatile property with business and residential potential in high-traffic location.
Property Size2,972 SF
Lot Size0.27 Acres
Price / SF$343.20
Days on Market236
Property Features for 2715 9TH AVENUE N
General Information
Standard status
Active
Size
2,972 SF
Lot size
0.27 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,410
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Electric Heating
Building Details
Year Built
2018
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
JOHN SOLIMAN · License #3131803
Source:
Corcoran
Added: Dec 17, 2025
Changed: Aug 8
Last Checked: Aug 8 at 2:38PM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
Located in North Kenwood, St. Petersburg, this property offers a combination of residential and commercial space. The property, currently operating as a home-based business, features 2,972 sq. ft. of space on a double lot exceeding 1/4 acre. Constructed in 2018, the home includes 4 bedrooms and 3 bathrooms. The property is suited for pet services such as doggy daycare or pet boarding, a daycare center, or a senior care facility. It can also be converted into a law office, medical practice, creative studio, or co-working space. There is potential to generate rental income through pad splits or creating a multi-unit rental property. The property offers visibility and accessibility, street frontage, ample parking, and access to major roads. The lot provides room for future expansion, outdoor services, or additional development. It is located in a high-traffic area and a rapidly growing neighborhood.
Key Highlights
- High‑traffic location in North Kenwood, St. Petersburg, offering excellent visibility and accessibility.
- Versatile 2,972 sq. ft. property on a double lot (over 1/4 acre) suitable for various uses.
- Modern 2018‑built home with 4 bedrooms and 3 bathrooms.
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
$46,144
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
4.52%
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%
$922,880
$922.9K
Cap Rate 7%
$659,200
$659.2K
Cap Rate 9%
$512,711
$512.7K
Market Conditions
NOI Build-Up for 2,972 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
$77.4K $26.04/SF
− Vacancy
−$15.9K −$5.34/SF
EGI
$61.5K $20.70/SF
− OpEx
−$15.4K −$5.18/SF
NOI
$46.1K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$922,880
Cap Rate 7%
$659,200
Cap Rate 9%
$512,711
Alternative Uses
Best Use
Office B
$659.2K
$576.8K – $769.1K
NOI $46,144 @ 7.0% cap · market cap 4.52%
Second Best
Mixed Use
$527.3K
$461.4K – $615.2K
NOI $36,912 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$773.0K
$676.4K – $901.9K
NOI $54,113 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,065
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile property with business and residential potential in high-traffic location.
Where is this mixed-use property located?
The property is located at 2715 9TH AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,020,000.
What are key features of this property?
This property features: High‑traffic location in North Kenwood, St. Petersburg, offering excellent visibility and accessibility.; Versatile 2,972 sq. ft. property on a double lot (over 1/4 acre) suitable for various uses.; Modern 2018‑built home with 4 bedrooms and 3 bathrooms.
