Live-Work Property with
For Sale
$1,020,000
2715 9TH Avenue N, St Petersburg, FL 33713
Commercial Sale, ST PETERSBURG, FL
Property Size2,972 SF
Lot Size0.27 Acres
Price / SF$343.20
Days on Market253
Property Features for 2715 9TH Avenue N
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
MELROSE SUB
Directions
34th St N , east on 9th Ave N, the property is on the north side corner
Standard status
Active
APN
14-31-16-57240-000-0040
Size
2,972 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
MELROSE SUB LOTS 4 & 5
Tax Annual Amount
8410
Legal Description
MELROSE SUB LOTS 4 & 5
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2018
Floors in Building
1
Building materials
Cement Siding, Vinyl Siding
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
John Soliman · License #3131803
(813) 326-9776
Added: Dec 16, 2025
Changed: Aug 24
Last Checked: Aug 26 at 5:06PM
MLS# TB8457051
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,972-square-foot live-work property combines residential accommodations with dedicated room for business operations. Built in 2018, the building features cement and vinyl siding, electric heat, and central air. Its layout supports professional office, wellness, pet-care, and creative-studio uses while preserving the practical benefits of a residential setup.
The property occupies a 0.27-acre double lot at 2715 9th Avenue N in St. Petersburg. On-site parking is provided, and the site sits along a high-traffic corridor with consistent daily traffic and strong street presence. The combination of building size, residential functionality, and commercial exposure provides a single-property setting for an owner-operator seeking workspace and living accommodations at the same address.
The property occupies a 0.27-acre double lot at 2715 9th Avenue N in St. Petersburg. On-site parking is provided, and the site sits along a high-traffic corridor with consistent daily traffic and strong street presence. The combination of building size, residential functionality, and commercial exposure provides a single-property setting for an owner-operator seeking workspace and living accommodations at the same address.
Key Highlights
- 2,972‑square‑foot live‑work property built in 2018
- 0.27‑acre double lot with on‑site parking
- Residential accommodations paired with business space
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
1,155
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
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Frequently Asked Questions
What type of property is this?
Live-work space - A 2018 building combines residential accommodations with space for professional operations.
Where is this live-work space 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: 2,972‑square‑foot live‑work property built in 2018; 0.27‑acre double lot with on‑site parking; Residential accommodations paired with business space
