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    St. Petersburg Professional Office Building Title is generated by Realmo AI

    6880 46TH N AVENUE, St Petersburg, FL 33709

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    For Lease
    $9,900/Mo $9 SF/Yr (calc)

    Professional office building in St. Petersburg with suites available for rent.

    Type:Rental
    Property size:
    12,804 SF
    Lot size:
    0.61 Acres
    Added:
    Jul 12, 2023
    Days on Market:
    1055
    Last Refresh:
    May 19 at 8:52 pm

    Property Features for 6880 46TH N AVENUE

    General Information

    Standard status
    Active
    Size
    12,804 SF
    Lot size
    0.61 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    Michael Braccia, PA

    Listing agent Michael Braccia, PA License #3033512

    Listing office BAY STREET COMMERCIAL LLC

    Listing date Jul 12, 2023

    Source Exitrealty

    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 BAY STREET COMMERCIAL LLC

    HighLights

    • Prime Location: Easy access to I‑275 and Alternate 19 in St. Petersburg.
    • No CAM Fees: Enjoy reduced tenant costs with no common area maintenance fees.
    • Flood Zone Exemption: Property is not located in a flood zone.
    • Owner Paid Utilities: Water, sewage, and garbage fees are covered.
    • Ample Parking: Situated on a 26,646 SF lot with plenty of parking spaces.
    • Available Suites: Multiple suite options (1,175 SF, 700 SF, 1,161 SF) to suit various business needs.

    Overview

    This professional office building in St. Petersburg offers 10,632 square feet of space and is situated on a 26,646 square foot lot with ample parking. The property is not located in a flood zone. Current availability includes Suite 140 with 1,175 square feet, Suite 210 with 700 square feet, and Suite 230 with 1,161 square feet. Initial estimated monthly rents are $1,570 for Suite 140, $825 for Suite 210, and $1,335 for Suite 230; these estimates include the base rate and applicable tax, with metered electric separate. The owner covers water, sewage, and garbage fees, and there are no common area maintenance (CAM) fees. Tenants are responsible for electricity fees for shared meters. The building is located in St. Petersburg, west of 66th Street and I-275, and north of Alternate 19, providing convenient access to surrounding areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Legally Modern Law ... Consultant Top Point Property ... Property Management Company Metrotek Production Facility FL Expert Pest ... Garden Center Autism Acceptance All ... Charitable Organization

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7339889
    Latitude
    27.8132811

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    FAQs

    What type of property is this?
    Office building - Professional office building in St. Petersburg with suites available for rent.
    Where is this office building located?
    The property is located at 6880 46TH N AVENUE St Petersburg, FL.
    What is the lease rate?
    The lease rate is $9,900 /Mo.
    What are key features of this property?
    This property features: Prime Location: Easy access to I‑275 and Alternate 19 in St. Petersburg.; No CAM Fees: Enjoy reduced tenant costs with no common area maintenance fees.; Flood Zone Exemption: Property is not located in a flood zone.
    (813) 625-2375
    We can help!
    Listing Contact
    Michael Braccia, PA
    Real Estate License ID: 3033512
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    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.

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