Four-Tenant Retail
5451 31st Street South, St Petersburg, FL 33712
For Sale
Contact for pricing
All four occupants are under triple net leases, with the property fully occupied.
Property Size5,543 SF
Price / SF$207.47
Days on Market39
Property Features for 5451 31st Street South
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
CPRE Organization Inc
Listed By:
Steven Leeds · License #FL
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 2:19PM
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 CPRE Organization Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 5,543-square-foot retail property contains space leased to four tenants and is fully occupied under a triple net lease structure.
In St. Petersburg, the building sits east of I-275 and across from Publix and Bealls Outlet.
In St. Petersburg, the building sits east of I-275 and across from Publix and Bealls Outlet.
Key Highlights
- 5,543 square feet of retail space
- Fully leased to four tenants
- Triple net lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,001
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,020
$1.3M
Cap Rate 7%
$942,871
$942.9K
Cap Rate 9%
$733,344
$733.3K
Market Conditions
NOI Build-Up for 5,543 SF
Gross rent
$99.8K $18.00/SF
− Vacancy
−$5.5K −$0.99/SF
EGI
$94.3K $17.01/SF
− OpEx
−$28.3K −$5.10/SF
NOI
$66.0K $11.91/SF
Area
Pinellas County, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,020
Cap Rate 7%
$942,871
Cap Rate 9%
$733,344
Alternative Uses
Best Use
Retail
$942.9K
$825.0K – $1.10M
NOI $66,001 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,924 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
223k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Groceries 39%
Dining 9%
Apparel 6%
Publix
Groceries
43,766 visits/mo
0.3 miles
Publix
Groceries
42,106 visits/mo
0.2 miles
7-Eleven
Shops & Services
24,338 visits/mo
0.3 miles
Mobil
Shops & Services
16,984 visits/mo
0.1 miles
Bealls
Apparel
11,723 visits/mo
0.4 miles
Demographics for 33712, FL
26,395
Population
13,055
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
4,124
Density / Sq Mi
$57,729
Median Household Income
$39,589
Median Earnings
$1,440
Median Rent
$300,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in St Petersburg, FL
Properties on Market for Retail space in St Petersburg
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - All four occupants are under triple net leases, with the property fully occupied.
Where is this retail space located?
The property is located at 5451 31st Street South St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5,543 square feet of retail space; Fully leased to four tenants; Triple net lease structure
