Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5000 34Th St S St Petersburg, FL 33711

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Well-maintained 600 SF unit with excellent visibility on 34th.

    Property Features for 5000 34Th St S

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Stephen Holmquist
    Source: Crexi

    Listing Agency: Holmquist Property Management Listing Agent: Stephen Holmquist

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail/Office Space on 34th Street

    This multi-tenant property is located on 34th Street South in St. Petersburg. The building is well-maintained and offers street visibility. A vacant 600 square foot unit is available, suitable for various types of users. The property has been under the same property management and ownership since 1988. Flexible terms and rates are available.
    Location Intelligence

    Current Use by Public Records

    Luxus Enterprises Inc (Bike/Boat/Book/etc) Store Papa John's Pizza Take-out & Catering

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.678803
    Latitude
    27.7222269

    Nearby Similar for Lease

    • $3,800 /Mo
      2,700 SF

      Versatile Commercial Space in St. Petersburg

      Commercial space suitable for office, retail, service, or light operations.
      4022 54Th Ave N, St Petersburg, FL 33714
      View Details
    • $3,100 /Mo
      1,600 SF

      Prime Office Space in St. Pete

      Freestanding office building with high visibility and ample parking.
      6465 1St Ave S, St Petersburg, FL 33707
      View Details
    • $30 SF/Yr
      1,415 SF

      Corner Office Suite in St. Petersburg

      Spacious corner office suite in a sought-after commercial area.
      5001 4Th St N, St Petersburg, FL 33703
      View Details
    • $5,000 /Mo
      1,788 SF

      St. Petersburg Boutique Office Space

      Modern office with private suites, updated kitchen, and ample parking.
      3848 Central Ave, St Petersburg, FL 33711
      View Details
    • $3,500 /Mo
      1,516 SF

      St. Petersburg Office Building For Rent

      Well-maintained 1,516 sqft office building on busy 66th St N.
      2672 66Th St N, St Petersburg, FL 33710
      View Details
    • $1,500 /Mo
      3,079 SF

      Renovated Mixed-Use Commercial Space

      Newly renovated mixed-use commercial space in St. Petersburg, Florida.
      313 18Th Ave S, St Petersburg, FL 33705
      View Details
    • $14 SF/Yr
      2,385 SF

      Renovated Warehouse Near I-275

      Recently renovated warehouse with office space, convenient highway access.
      11920 31St Ct N, St Petersburg, FL 33716
      View Details
    • $20 SF/Yr
      8,681 SF

      Prime Central Avenue Mixed-Use Space

      Four units available in a high-traffic St. Petersburg location.
      4200 Central Ave S, St Petersburg, FL 33711
      View Details
    • $7,000 /Mo
      1,800 SF

      Corner Lot with High Visibility

      Corner lot with high visibility, ideal for various commercial uses.
      6180 Haines Rd N, St Petersburg, FL 33714
      View Details
    • $120,000

      Central Avenue Commercial Space Available

      Prime location with flexible units for retail, office, or industrial.
      4200 Central Ave S, St Petersburg, FL 33711
      View Details
    • $18,000 /Mo

      Renovated Mixed-Use Commercial Space

      Newly renovated 980 SF mixed-use space for lease.
      313 18Th Ave S, St Petersburg, FL 33705
      View Details
    • $14,400 /Mo

      St. Petersburg Office or Retail

      Centrally located office or retail space with ample parking.
      2400 25Th St N 2420, St Petersburg, FL 33713
      View Details

    FAQs

    What type of property is this?
    Retail space - Well-maintained 600 SF unit with excellent visibility on 34th.
    Where is this retail space located?
    The property is located at 5000 34Th St S St Petersburg, FL.
    What are key features of this property?
    This property features: - Excellent street visibility on busy 34th Street South.; - Vacant 600 square foot unit suitable for various businesses.; - Well-maintained building.
    Request Owner's contact information
    5000 34Th St S St Petersburg, FL 33711
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5000 34Th St S
    St Petersburg, FL 33711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    5000 34Th St S St Petersburg, FL 33711
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Stephen Holmquist
    Real Estate License ID: 437416
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!