Two-Unit Office
3632 CENTRAL Avenue, St Petersburg, FL 33711
For Sale
$1,200,000
Under Contract
Commercial Sale, ST PETERSBURG, FL
Property Size3,112 SF
Lot Size0.18 Acres
Price / SF$385.60
Days on Market96
Property Features for 3632 CENTRAL Avenue
General Information
Property type
Property subtype
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Carl Gresen · License FL BK3208512
(727) 424-6330
Added: Aug 8
Changed: Nov 4
Last Checked: Nov 11 at 1:06AM
MLS# TB8537152
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.
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Investment Insights
Based on property information with market context.
This 3,112-square-foot office property contains two separate office spaces, each measuring more than 1,500 square feet. The building was constructed in 1965 with block construction and includes ceramic tile and carpet flooring, central heating, and central air conditioning. A 0.18-acre site provides 12 parking spaces.
Located at 3632 CENTRAL Avenue in St. Petersburg, the property is configured for continued office use, with each side offering a distinct workspace. The two-suite layout can accommodate an owner using one or both areas or an owner seeking separate rental spaces, as supported by the existing configuration.
Located at 3632 CENTRAL Avenue in St. Petersburg, the property is configured for continued office use, with each side offering a distinct workspace. The two-suite layout can accommodate an owner using one or both areas or an owner seeking separate rental spaces, as supported by the existing configuration.
Key Highlights
- 3,112‑square‑foot office property with two separate office spaces
- Each office space measures more than 1,500 square feet
- 12 parking spaces on a 0.18‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,318
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,360
$966.4K
Cap Rate 7%
$690,257
$690.3K
Cap Rate 9%
$536,867
$536.9K
Market Conditions
NOI Build-Up for 3,112 SF
Gross rent
$81.0K $26.04/SF
− Vacancy
−$16.6K −$5.34/SF
EGI
$64.4K $20.70/SF
− OpEx
−$16.1K −$5.18/SF
NOI
$48.3K $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 Rate 5%
$966,360
Cap Rate 7%
$690,257
Cap Rate 9%
$536,867
Alternative Uses
Best Use
Office B
$690.3K
$604.0K – $805.3K
NOI $48,318 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$809.5K
$708.3K – $944.4K
NOI $56,662 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,754
Businesses Nearby
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Business Placement
Demographics for 33711, FL
20,121
Population
9,522
Households
2.1
Avg Household Size
41
Median Age
32%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
4,281
Density / Sq Mi
$68,295
Median Household Income
$27,156
Median Earnings
$1,819
Median Rent
$253,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in St Petersburg, FL
Properties on Market for Office Units in St Petersburg
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two separate office suites support owner occupancy or rental use with dedicated parking.
Where is this office unit located?
The property is located at 3632 CENTRAL Avenue St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,112‑square‑foot office property with two separate office spaces; Each office space measures more than 1,500 square feet; 12 parking spaces on a 0.18‑acre site
