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    Street-Retail Storefront with Parking Title is generated by Realmo AI

    350 COREY AVENUE, St Pete Beach, FL 33706

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    For Sale
    $1,350,000

    Retail - ST PETE BEACH, FL

    Type:Retail
    Property size:
    3,958 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $341/SF
    Added:
    Apr 9, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 4 at 7:06 pm

    Property Features for 350 COREY AVENUE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    36-31-15-77994-054-0040
    Size
    3,958 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12411.99

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Lou Zabriski

    Listing agent Lou Zabriski License #3299971

    Listing office KELLER WILLIAMS ST PETE REALTY 360 Central Ave Suite 600, Saint Petersburg, FL

    Listing date Apr 9, 2026

    MLS# TB8495430 Listing URL

    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.

    HighLights

    • Prime location in the heart of Corey Avenue, a highly desirable and walkable retail district in St. Pete Beach.
    • Stabilized income stream from established tenants.
    • Consistent pedestrian traffic driven by proximity to the beach, community events and the Beach Theatre.
    • Rear parking, a valuable amenity in a market with limited parking.
    • Potential for future rental growth as the corridor strengthens and surrounding investment increases.
    • Located within the City’s Town Center zoning district, supporting walkable retail and mixed‑use development.

    Overview

    This retail storefront property is positioned on Corey Avenue with a configuration designed for walkable street retail. The building is leased to Vaughn Law and Elizabeth’s Boutique, creating a complementary tenant mix. Tenant operations benefit from rear parking included on-site, which can be especially helpful in beach commercial corridors where parking is limited.

    Corey Avenue is described as a central gathering point for residents and visitors, with a mix of restaurants, shops, and neighborhood-serving businesses. The property’s pedestrian traffic is supported by recurring community activity, including the Corey Avenue Sunday Market, and the nearby Beach Theatre that contributes to the district’s destination character.

    Within the City’s Town Center zoning district, the property is intended to support walkable retail, dining, and mixed-use development. For buyers seeking a stabilized, street-facing retail asset with an on-site parking component, this offers an operational layout paired with established tenant occupancy. Buyers should verify all zoning and land-use information and confirm details regarding any future development or change of use through applicable approvals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carolyn S. Margolies Law Firm Elizabeth's Boutique Clothing & Fashion Store Sunset Beach Shop Home Decor Store Property Law Group Law Firm Anderson & Brodersen, P.A. Law Firm

    Suggested Use

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

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

    Similar Places Nearby

    • Betty Flowers — St Pete Beach, FL 33706

    Location Insight

    • Map
    • Local Demand
    City
    St Pete Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.749648
    Latitude
    27.742006

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    FAQs

    What type of property is this?
    Storefront property - Corey Avenue storefront anchored by established tenants, with rear parking for practical daily access in a walkable beach district.
    Where is this storefront property located?
    The property is located at 350 COREY AVENUE St Pete Beach, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Prime location in the heart of Corey Avenue, a highly desirable and walkable retail district in St. Pete Beach.; Stabilized income stream from established tenants.; Consistent pedestrian traffic driven by proximity to the beach, community events and the Beach Theatre.
    (727) 288-6158
    We can help!
    Listing Contact
    Lou Zabriski
    Real Estate License ID: 3299971
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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.

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