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

    623 73rd Avenue St Pete Beach, FL 33706

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $795,000

    Prime investment property near St. Pete Beach's amenities.

    Type:Land
    Added:
    Aug 4, 2025
    Days on Market:
    256
    Last Refresh:
    Mar 13 at 4:39 pm

    Property Features for 623 73rd Avenue

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Carol Giovannoni
    Carol Giovannoni

    Listing agent Carol Giovannoni License #614305

    Listing office RE/MAX PREFERRED

    Listing date Aug 4, 2025

    Source Compass

    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 RE/MAX PREFERRED

    Overview

    Cleared Land Near St. Pete Beach

    This property is located in the Town Corey District, a short distance from St. Pete Beach. Situated near local hotels, shops, and restaurants, the land has been cleared. The property is located three blocks from Corey Avenue, St. Pete Beach, and its shops and restaurants. The location is within walking distance of beaches, Boca Ciega Bay, the Corey Avenue Farmers Market, fitness centers, spas, salons, bars, restaurants, and retail shops. This property offers an opportunity to contribute to the St Pete Beach area with future business ideas.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    St Pete Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6421806
    Latitude
    27.8391736

    Nearby Similar for Sale

    • $1,550,000
      3,958 SF

      Boutique Retail Property on Corey Avenue

      Stabilized retail asset in St. Pete Beach's commercial district.
      350 COREY AVENUE, ST PETE BEACH, FL 33706
      View Details
    • $2,250,000
      3,060 SF

      St. Pete Beach Retail Opportunity

      Freestanding retail property with income and future upside potential.
      7612 BLIND PASS ROAD, ST PETE BEACH, FL 33706
      View Details
    • $4,875,000
      8,137 SF

      Boutique Hospitality Property Near Beach

      Turnkey 19-unit hospitality property near the beach.
      523 72ND AVENUE, ST PETE BEACH, FL 33706
      View Details
    • $2,975,000

      St. Pete Beach Development Opportunity

      Rare 0.56-acre development site on Gulf Boulevard.
      7210 GULF BOULEVARD, ST PETE BEACH, FL 33706
      View Details
    • $300,000

      Cleared Land in St. Pete

      Cleared land parcel suitable for parking, seating, or expansion.
      420 77TH AVENUE, ST PETE BEACH, FL 33706
      View Details
    • $3,200,000
      10,964 SF

      Resort-Style Apartments Near St Pete Beach

      Luxury apartments on St Pete Beach with reliable revenue stream.
      8630 BLIND PASS ROAD, ST PETE BEACH, FL 33706
      View Details
    • $949,900

      Waterfront Lots in St. Pete

      Two buildable waterfront lots for custom home construction.
      3312 E MARITANA DRIVE, ST PETE BEACH, FL 33706
      View Details
    • $779,900

      Prime Coastal Double Lot

      Large corner lot with development potential in St. Pete Beach.
      911 BOCA CIEGA ISLE DRIVE, ST PETE BEACH, FL 33706
      View Details
    • $949,000
      1,218 SF

      Income-Producing Duplex Near Gulf Coast

      Duplex in desirable location near Gulf and Intracoastal Waterway.
      104 18TH AVENUE, ST PETE BEACH, FL 33706
      View Details
    • $415,000
      1,156 SF

      St. Pete Beach Duplex Opportunity

      Rare duplex near beach, park, and dining in St. Pete.
      316 76TH AVENUE, ST PETE BEACH, FL 33706
      View Details
    • $949,000

      Pass-a-Grille Building Lot Opportunity

      Exceptional building lot near white sands and Gulf waters.
      104 18TH AVENUE, ST PETE BEACH, FL 33706
      View Details
    • $795,000

      Cleared Land Near St. Pete Beach

      Prime investment property near hotels, shops, and restaurants.
      623 73RD AVENUE, ST PETE BEACH, FL 33706
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime investment property near St. Pete Beach's amenities.
    Where is this commercial land located?
    The property is located at 623 73rd Avenue St Pete Beach, FL.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Prime location in TC‑2 Town Corey District, St. Pete Beach.; Cleared land ready for development.; Steps from St. Pete Beach, hotels, shops, and restaurants.
    (727) 481-9909
    We can help!
    Listing Contact
    Carol Giovannoni
    Carol Giovannoni
    Real Estate License ID: 614305
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!