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    Cleared Rear Development Parcel Title is generated by Realmo AI

    420 77TH AVENUE, St Pete Beach, FL 33706

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    For Sale
    $275,000

    Land - ST PETE BEACH, FL

    Lot size:
    0.12 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    58
    Last Refresh:
    Jun 5 at 8:06 am

    Property Features for 420 77TH AVENUE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    36-31-15-77994-074-0120
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3714.36

    Building Details

    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# TB8495945 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

    • Cleared adjacent rear parcel offers flexibility for parking, outdoor seating, or expanded operations.
    • Located on Blind Pass hospitality corridor with strong demand for experiential retail and dining.
    • Potential for additional vertical development or mixed‑use expansion on the rear lot (subject to city approvals).
    • Commercial parcel available (TB8495435).
    • Strong demand for experiential retail and dining concepts.
    • Rear lot presents potential for additional development over time.

    Overview

    This cleared rear parcel offers a flexible outdoor setting for hospitality-adjacent uses. Positioned as an additional lot behind an existing property, it is currently zoned residential and may support practical site enhancements such as added parking, outdoor seating, or expanded operations, depending on city approvals.

    The property is located at 420 77TH AVENUE in St. Pete Beach, Florida, within an established Blind Pass hospitality corridor. The parcel’s rear-lot configuration can be useful for users looking to support customer-facing outdoor activity tied to nearby retail and dining.

    Because the site is currently zoned residential, any transition to other development goals, including vertical development or mixed-use expansion, would be subject to review and approval by the City. For buyers or tenants evaluating experiential retail and dining concepts, this lot can be a straightforward option for adding capacity and improving the usability of an existing hospitality environment, while keeping future development pathways contingent on permitting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    St Pete Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.751653
    Latitude
    27.743767

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    FAQs

    What type of property is this?
    Commercial land - Cleared rear parcel with flexibility for parking, outdoor seating, or expanded operations, subject to city approvals.
    Where is this commercial land located?
    The property is located at 420 77TH AVENUE St Pete Beach, FL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Cleared adjacent rear parcel offers flexibility for **parking, outdoor seating, or expanded operations.**; Located on Blind Pass hospitality corridor with **strong demand for experiential retail and dining.**; Potential for additional vertical development or mixed‑use expansion on the rear lot (subject to city approvals).
    (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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