Standalone Warehouse with Loading
For Sale
$1,699,000
2901 44TH AVENUE, St Petersburg, FL 33714
Standalone concrete-and-stucco facility with offices, loading infrastructure, paved parking, and adaptable interior areas.
Property Size17,380 SF
Lot Size1.05 Acres
Price / SF$97.76
Days on Market8
Property Features for 2901 44TH AVENUE
General Information
Standard status
Active
Size
17,380 SF
Total Parking Spaces
18
Lot size
1.05 Acres
Property subtype
Industrial
Property Condition
Severity
Repairs Needed
Evidence
to remodel, re-imagine or redesign
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$24,402
Amenities
reception area
meeting rooms
accessibility ramp
secure parking
Central Air
3
Parking.
Other Parking, Paved Driveway.
Other
200x229
Creek
Water Front, Creek. Industrial Area, Other, Oversized Lot, City Road, Asphalt, Concrete Road, Gravel Road.
Building Details
Year Built
1965
Buildings
1
Stories
1
Building Size
17,380 SF
Construction
concrete and stucco
Listing Agency:
COMPASS FLORIDA LLC
(727) 339-7902
Listed By:
Matthew Erickson
Source:
Xome
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 31 at 3:51PM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This standalone warehouse and light industrial facility contains 17,380 square feet within a concrete-and-stucco building constructed in 1965. The existing layout includes a reception area, offices, meeting rooms, storage areas, a loading dock, overhead bays, and an accessibility ramp. Interior systems include ducted HVAC and 3-phase electric service, while the roof was installed in 2018.
The property occupies a 1.05-acre lot measuring 200 feet by 229 feet and provides 18 dedicated parking spaces, truck turn-around capacity, additional storage, and paved drive areas. It has frontage on 44th Avenue within Joe's Creek Industrial Park and benefits from public and privately maintained road access. US 19 and I-275 are accessible via 28th Street N. and 38th Avenue N., with the CSX rail corridor nearby.
The property occupies a 1.05-acre lot measuring 200 feet by 229 feet and provides 18 dedicated parking spaces, truck turn-around capacity, additional storage, and paved drive areas. It has frontage on 44th Avenue within Joe's Creek Industrial Park and benefits from public and privately maintained road access. US 19 and I-275 are accessible via 28th Street N. and 38th Avenue N., with the CSX rail corridor nearby.
Key Highlights
- 17,380 Total SqFt warehouse and light industrial facility
- 1.05‑acre lot with 200' x 229' lot dimensions
- Loading dock, overhead bays, truck turn‑around, and additional storage areas
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
$146,364
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
8.61%
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%
$2,927,280
$2.9M
Cap Rate 7%
$2,090,914
$2.1M
Cap Rate 9%
$1,626,267
$1.6M
Market Conditions
NOI Build-Up for 17,380 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
$181.4K $10.44/SF
− Vacancy
−$9.3K −$0.53/SF
EGI
$172.2K $9.91/SF
− OpEx
−$25.8K −$1.49/SF
NOI
$146.4K $8.42/SF
Area
Pinellas County, FL
Vacancy
5.10%
Lease Rate
$10.44 /SF/Yr
Expense Ratio
15.00%
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%
$2,927,280
Cap Rate 7%
$2,090,914
Cap Rate 9%
$1,626,267
Alternative Uses
Best Use
Flex RnD
$2.25M
$1.97M – $2.62M
NOI $157,239 @ 7.0% cap · market cap 9.25%
Second Best
Warehouse
$2.09M
$1.83M – $2.44M
NOI $146,364 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$4.52M
$3.96M – $5.27M
NOI $316,447 @ 7.0% cap · market cap 18.63%
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 - Standalone concrete-and-stucco facility with offices, loading infrastructure, paved parking, and adaptable interior areas.
Where is this warehouse located?
The property is located at 2901 44TH AVENUE 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: 17,380 Total SqFt warehouse and light industrial facility; 1.05‑acre lot with 200' x 229' lot dimensions; Loading dock, overhead bays, truck turn‑around, and additional storage areas
