Renovated Residential
For Sale
$224,999
5095 BAY ST NE #310, St Petersburg, FL 33703
Third-floor condominium features a replacement kitchen, refreshed bathrooms, new flooring and appliances, and hurricane windows.
Property Size1,035 SF
Price / SF$217.39
Days on Market132
Property Features for 5095 BAY ST NE #310
General Information
Standard status
Active
Size
1,035 SF
Property subtype
Condo - Hotel
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,195
Building Details
Building Size
1,035 SF
Year Built
1975
Listing Agency:
LUXE PROPERTIES
Listed By:
Zuleidy Calderin · License #3404364
(305) 809-7650
Source:
Shore2bay
Added: Jun 25
Changed: Oct 31
Last Checked: Oct 31 at 2:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LUXE PROPERTIES
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Investment Insights
Based on property information with market context.
This 1,035-square-foot condominium occupies the third floor of a building constructed in 1975. Improvements include a new kitchen, updated bathrooms with custom vanities, new flooring and appliances, fresh paint, and hurricane windows.
The property is in Northeast St. Petersburg, near waterfront parks, downtown, Whole Foods, Publix, and Target. The Speer YMCA, with an Olympic pool and fitness facility, is also a few minutes away.
The property is in Northeast St. Petersburg, near waterfront parks, downtown, Whole Foods, Publix, and Target. The Speer YMCA, with an Olympic pool and fitness facility, is also a few minutes away.
Key Highlights
- 1,035‑square‑foot third‑floor condominium
- Kitchen, bathroom, flooring, appliance, paint, and window updates
- Custom vanities in both bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,519
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,380
$190.4K
Cap Rate 7%
$135,986
$136.0K
Cap Rate 9%
$105,767
$105.8K
Market Conditions
NOI Build-Up for 1,035 SF
Gross rent
$18.6K $18.00/SF
− Vacancy
−$1.3K −$1.28/SF
EGI
$17.3K $16.72/SF
− OpEx
−$7.8K −$7.52/SF
NOI
$9.5K $9.20/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,380
Cap Rate 7%
$135,986
Cap Rate 9%
$105,767
Alternative Uses
Best Use
Apartment 5plus
$136.0K
$119.0K – $158.7K
NOI $9,519 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$269.2K
$235.6K – $314.1K
NOI $18,845 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
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Business Placement
Demographics for 33703, FL
23,948
Population
12,331
Households
1.9
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
4,790
Density / Sq Mi
$96,795
Median Household Income
$56,760
Median Earnings
$1,569
Median Rent
$395,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor condominium features a replacement kitchen, refreshed bathrooms, new flooring and appliances, and hurricane windows.
Where is this residential income property located?
The property is located at 5095 BAY ST NE #310 St Petersburg, FL.
What is the asking price?
The asking price for this property is $224,999.
What are key features of this property?
This property features: 1,035‑square‑foot third‑floor condominium; Kitchen, bathroom, flooring, appliance, paint, and window updates; Custom vanities in both bathrooms
