Concrete Warehouse with Loading
New
For Sale
$1,699,000
2901 44TH Avenue N, St Petersburg, FL 33714
Commercial Sale, ST PETERSBURG, FL
Property Size17,380 SF
Lot Size1.05 Acres
Price / SF$100.53
Days on Market1
Property Features for 2901 44TH Avenue N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
E-1
Accessibility
Accessible Approach with Ramp
Subdivision
JOES CREEK INDUST PARK 2ND ADD
Lot features
Drainage Canal, Industrial Park, Oversized Lot, Street Lights, Paved, Turn Around
Directions
Northbound on 28th Street N, turn left onto 44th Ave N. Property is on your righthand side.
Standard status
Active
APN
02-31-16-44118-000-0060
Size
16,900 SF
Lot size
1.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
JOE'S CREEK INDUSTRIAL PARK 2ND ADD W 200FT OF LOT B-6
Tax Annual Amount
24402
Legal Description
JOE'S CREEK INDUSTRIAL PARK 2ND ADD W 200FT OF LOT B-6
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front features
Creek
Water front
1
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Concrete, Stucco
Roof type
Metal
Listing Agency:
COMPASS FLORIDA LLC
(727) 380-2067
Listed By:
Matthew Erickson
(239) 269-7443
Added: Aug 27
Last Checked: Aug 27 at 5:06PM
MLS# TB8541113
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 concrete-and-stucco warehouse occupies a 1.05-acre site at 2901 44th Avenue N in St. Petersburg. Built in 1965, the building includes a reception area, offices, meeting rooms, a loading dock, additional overhead bays, storage areas, and an accessible approach ramp. Existing improvements include ducted HVAC, three-phase electric service, a metal roof installed in 2018, and a concrete floor. The site provides 18 dedicated parking spaces, truck turn-around space, and room for additional secure or public parking.
The property is located within Joe's Creek Industrial Park and carries E-1 zoning. Public water and public sewer serve the site, with electricity available. Access connects to US 19 and I-275 through 28th Street N and 38th Avenue N, while CSX's rail corridor is nearby. The parcel has frontage on 44th Avenue and includes both public and privately maintained road access.
The property is located within Joe's Creek Industrial Park and carries E-1 zoning. Public water and public sewer serve the site, with electricity available. Access connects to US 19 and I-275 through 28th Street N and 38th Avenue N, while CSX's rail corridor is nearby. The parcel has frontage on 44th Avenue and includes both public and privately maintained road access.
Key Highlights
- 1.05‑acre industrial site with a 200' x 229' lot
- 17,380 Total SqFt stated in public remarks; property record lists 16,900 Square Feet
- 18 dedicated parking spaces plus truck turn‑around area
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
$152,897
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
9.00%
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%
$3,057,940
$3.1M
Cap Rate 7%
$2,184,243
$2.2M
Cap Rate 9%
$1,698,856
$1.7M
Market Conditions
NOI Build-Up for 16,900 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
$249.4K $14.76/SF
− Vacancy
−$14.2K −$0.84/SF
EGI
$235.2K $13.92/SF
− OpEx
−$82.3K −$4.87/SF
NOI
$152.9K $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 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%
$3,057,940
Cap Rate 7%
$2,184,243
Cap Rate 9%
$1,698,856
Alternative Uses
Best Use
Flex RnD
$2.18M
$1.91M – $2.55M
NOI $152,897 @ 7.0% cap · market cap 9.00%
Second Best
Warehouse
$2.03M
$1.78M – $2.37M
NOI $142,322 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$4.40M
$3.85M – $5.13M
NOI $307,708 @ 7.0% cap · market cap 18.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - E-1-zoned facility with offices, meeting rooms, overhead bays, and on-site parking.
Where is this warehouse located?
The property is located at 2901 44TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 1.05‑acre industrial site with a 200' x 229' lot; 17,380 Total SqFt stated in public remarks; property record lists 16,900 Square Feet; 18 dedicated parking spaces plus truck turn‑around area
