Standalone Office
5544 Central Ave St Petersburg, FL 33707
5544 Central Ave, St Petersburg, FL, 33707
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For Sale
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Fully renovated 5,998 SF office building with private parking, private offices, open cubicle workspace, and conference room.
Property Size5,998 SF
Price / SF$416.81
Days on Market460
Property Features for 5544 Central Ave
General Information
- Standard status
- Active
- Size
- 5,998 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1970
Listing agency
KW Commercial St. Petersburg
Listed by
Jon Wittner · License #SL637643
Source
Crexi
Added: Apr 19, 2025 Updated: Jul 20 at 5:57PM Checked: Jul 21 at 8:49AM
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 KW Commercial St. Petersburg
Investment Insights
Based on property information with market context.
This fully renovated standalone office building is move-in ready and offers a functional mix of private offices and open workspace with cubicles, along with a conference room. The building includes restrooms on both floors, a break room with kitchen, a built-in white noise system, and both an elevator and two staircases. A security system is in place, and the property is noted as having a roof warranty in effect.
The building is located at the corner of Central Ave and 1st Ave South in St. Petersburg, Florida, in a high-traffic area with signage visibility. The property also features a large private parking lot.
Interior features support day-to-day office operations, including dedicated work areas across floors and the convenience of elevator access.
The building is located at the corner of Central Ave and 1st Ave South in St. Petersburg, Florida, in a high-traffic area with signage visibility. The property also features a large private parking lot.
Interior features support day-to-day office operations, including dedicated work areas across floors and the convenience of elevator access.
Key Highlights
- Fully renovated standalone office building with 5,998 SF (year built 1970)
- Large private parking lot plus office space including private offices, open cubicle workspace, and a conference room
- Building amenities include restrooms on both floors, break room with kitchen, security system, elevator, and two staircases
Local Financial Insights For Office B
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 | $156.2k | $26.04 |
| − Vacancy | −$32.0k | −$5.34 |
| EGI | $124.2k | $20.70 |
| − OpEx | −$31.0k | −$5.18 |
| NOI | $93.1k | $15.53 |
5,998 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $93,127 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,209 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nasco Distributors Sales
Distribution Center
E-Max Distribution Lc
Distribution Center
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FAQs
What type of property is this?
Office building - Fully renovated 5,998 SF office building with private parking, private offices, open cubicle workspace, and conference room.
Where is this office building located?
The property is located at 5544 Central Ave St Petersburg, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fully renovated standalone office building with 5,998 SF (year built 1970); Large private parking lot plus office space including private offices, open cubicle workspace, and a conference room; Building amenities include restrooms on both floors, break room with kitchen, security system, elevator, and two staircases
