St. Pete Beach Investment
510 70TH AVENUE St Pete Beach, FL 33706
For Sale
$1,999,990
Pending
Ten rental units in St. Pete Beach near the beach.
Property Size7,750 SF
Lot Size0.23 Acres
Days on Market530
Property Features for 510 70TH AVENUE
General Information
- Standard status
- Pending
- Size
- 7,750 SF
- Lot size
- 0.23 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1972
Listing Agency:
EXP REALTY LLC
(727) 272-0994
Listed By:
Valerie McClary · License #3106058
(727) 272-0994
Source:
Exitrealty
Added: Feb 12, 2025
Changed: Jul 6
Last Checked: Jul 26 at 8:20AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This St. Pete Beach property features 10 rental units in a commercial zone. The complex is located within walking distance of beaches, bars, restaurants, and local attractions. All properties are occupied. This presents an opportunity for rental income and long-term appreciation in St. Pete Beach's vacation and long-term rental market. The property size is 7750 square feet.
Key Highlights
- 10 income‑producing rental units offering immediate and steady income
- Prime location just steps to the beach, bars, restaurants, and entertainment in St. Pete Beach
- High‑demand rental market in a top‑rated beach destination
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.5k | $18.00 |
| − Vacancy | −$9.9k | −$1.28 |
| EGI | $129.6k | $16.72 |
| − OpEx | −$58.3k | −$7.52 |
| NOI | $71.3k | $9.20 |
7,750 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$891.0K – $1.19M
NOI $71,278 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.76M – $2.35M
NOI $141,109 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Captains Quarters North
Transit Station
Sarah Krieger, RD ...
Physician
FAQs
What type of property is this?
Apartment building - Ten rental units in St. Pete Beach near the beach.
Where is this apartment building located?
The property is located at 510 70TH AVENUE St Pete Beach, FL.
What is the asking price?
The asking price for this property is $1,999,990.
What are key features of this property?
This property features: 10 income‑producing rental units offering immediate and steady income; Prime location just steps to the beach, bars, restaurants, and entertainment in St. Pete Beach; High‑demand rental market in a top‑rated beach destination
