Well-Maintained Office Building For
6967 SUNSET DRIVE S St Petersburg, FL 33707
6967 SUNSET DRIVE S, St Petersburg, FL, 33707
$939,000
For Sale
$939,000
Three-unit office building near Publix, suitable for investment or owner-occupancy.
Property Size2,750 SF
Lot Size0.29 Acres
Price / SF$341.45
Days on Market278
Property Features for 6967 SUNSET DRIVE S
General Information
- Standard status
- Active
- Size
- 2,750 SF
- Lot size
- 0.29 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1976
Listing agency
ALL SAILS REAL ESTATE
(727) 823-5855
Listed by
LUANNE WOODS
Source
Corcoran
Added: Oct 17, 2025 Updated: Jul 10 at 3:47PM Checked: Jul 21 at 5:09AM
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 ALL SAILS REAL ESTATE
Investment Insights
Based on property information with market context.
This well-maintained, "L" shaped building features three office units. The property includes four restrooms and fifteen parking spaces. Unit sizes are approximate, with one unit measuring 1450 square feet and currently leased as a dental office. The smallest unit is 490 square feet and is rented as an art studio. The inside corner unit, comprising 810 square feet, is currently owner-occupied as a real estate office. The real estate office will be vacating the property, allowing a new owner to occupy or lease the space. Located directly behind the Publix supermarket on Pasadena Avenue and Sunset Drive South, the property is also just minutes from the Gulf Beaches. According to a 1999 survey, the building has a 12-foot elevation. The roof was replaced in 2019, and the exterior has been freshly painted. Potential uses for the property include medical, dental, chiropractor, attorney, real estate, mortgage broker, appraiser, accountant, and title company, among others.
Key Highlights
- No flooding during Hurricane Helene, unlike nearly every other building in the neighborhood.
- Three‑unit building with diverse tenant potential (dental, art studio, vacant office).
- Prime location directly behind Publix on Pasadena Ave. and Sunset Dr. S., minutes from Gulf Beaches.
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 | $71.6k | $26.04 |
| − Vacancy | −$14.7k | −$5.34 |
| EGI | $56.9k | $20.70 |
| − OpEx | −$14.2k | −$5.18 |
| NOI | $42.7k | $15.53 |
2,750 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$610.0K
$533.7K – $711.6K
NOI $42,697 @ 7.0% cap · market cap 4.55%
Second Best
Healthcare Medical
$362.3K
$317.1K – $422.7K
NOI $25,364 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$715.3K
$625.9K – $834.5K
NOI $50,071 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ceramic Arts Inc
Dental Office
Dr. Jennifer S. ...
Dental Office
Dr. Joseph C. ...
Dental Office
Mantione & Mantione
Dental Office
Fela Realty Trust
Apartment Building
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FAQs
What type of property is this?
Office units - Three-unit office building near Publix, suitable for investment or owner-occupancy.
Where is this office units located?
The property is located at 6967 SUNSET DRIVE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: No flooding during Hurricane Helene, unlike nearly every other building in the neighborhood.; Three‑unit building with diverse tenant potential (dental, art studio, vacant office).; Prime location directly behind Publix on Pasadena Ave. and Sunset Dr. S., minutes from Gulf Beaches.
