Mixed-Use Property with
For Sale
$1,900,000
431 75TH Avenue, St Pete Beach, FL 33706
Commercial Sale, ST PETE BEACH, FL
Property Size3,520 SF
Lot Size0.12 Acres
Price / SF$539.77
Days on Market2829
Property Features for 431 75TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
ST PETERSBURG BEACH REPLAT
Directions
Take Pasadena Avenue South to St. Pete Beach. to address. From the south, take Gulf blvd. to 75th Avenue to address.
Standard status
Active
APN
36-31-15-77994-069-0110
Size
3,520 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2021
Tax Description
ST PETERSBURG BEACH REPLAT BLK 69, LOT 11
Tax Annual Amount
5836
Legal Description
ST PETERSBURG BEACH REPLAT BLK 69, LOT 11
Utilities
Cooling system
Central Air
Amenities
balcony
Building Details
Year built
1960
Floors in Building
2
Building materials
Block
Listing Agency:
SCRIBANO & ASSOC INC
(727) 893-4663
Listed By:
George Scribano · License #3001430
(727) 893-4663
Added: Nov 29, 2018
Changed: Aug 24
Last Checked: Aug 28 at 8:06AM
MLS# U8026121
Copyright © 2026 Pinellas Suncoast Association of REALTORS®, Inc. 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 3,520-square-foot mixed-use property was built in 1960 with block construction and central air. The layout includes upstairs units currently used by the owner, along with an upper-level balcony facing the avenue. The property may accommodate four commercial units, a live-work arrangement, or a two-office-condominium townhouse configuration, subject to applicable approvals.
The site encompasses 0.12 acres at 431 75TH Avenue in St. Pete Beach, Florida. Its position at the main entrance to the city places the building along a prominent avenue-facing approach. The existing configuration provides flexibility for continued owner occupancy or a reconfigured commercial use.
The site encompasses 0.12 acres at 431 75TH Avenue in St. Pete Beach, Florida. Its position at the main entrance to the city places the building along a prominent avenue-facing approach. The existing configuration provides flexibility for continued owner occupancy or a reconfigured commercial use.
Key Highlights
- 3,520 SF mixed‑use property on a 0.12‑acre site
- Upper‑level balcony overlooking the avenue
- Potential for 4 commercial units or a live‑work configuration
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
$54,653
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
2.88%
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%
$1,093,060
$1.1M
Cap Rate 7%
$780,757
$780.8K
Cap Rate 9%
$607,256
$607.3K
Market Conditions
NOI Build-Up for 3,520 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
$91.7K $26.04/SF
− Vacancy
−$18.8K −$5.34/SF
EGI
$72.9K $20.70/SF
− OpEx
−$18.2K −$5.18/SF
NOI
$54.7K $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 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%
$1,093,060
Cap Rate 7%
$780,757
Cap Rate 9%
$607,256
Alternative Uses
Best Use
Office B
$780.8K
$683.2K – $910.9K
NOI $54,653 @ 7.0% cap · market cap 2.88%
Second Best
Mixed Use
$624.5K
$546.5K – $728.6K
NOI $43,718 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$915.6K
$801.1K – $1.07M
NOI $64,091 @ 7.0% cap · market cap 3.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,038
Businesses Nearby
Explore this area
Business Placement
Demographics for 33706, FL
15,309
Population
14,199
Households
1.1
Avg Household Size
60
Median Age
54%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,138
Density / Sq Mi
$97,364
Median Household Income
$80,504
Median Earnings
$1,646
Median Rent
$616,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Block construction, central air, and flexible commercial or live-work potential characterize this two-level property.
Where is this mixed-use property located?
The property is located at 431 75TH Avenue St Pete Beach, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 3,520 SF mixed‑use property on a 0.12‑acre site; Upper‑level balcony overlooking the avenue; Potential for 4 commercial units or a live‑work configuration
