Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Signalized Corner Property For Sale Title is generated by Realmo AI

    7101 54th Ave N, Saint Petersburg, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.36-acre corner property with excellent visibility and access.

    Type:RETAIL
    Property size:
    2,680 SF
    Lot size:
    1.36 Acres
    Price / SF:
    $373/SF
    Added:
    Feb 21, 2024
    Days on Market:
    809
    Last Refresh:
    Apr 5 at 11:11 pm

    Property Features for 7101 54th Ave N

    General Information

    Standard status
    Active
    Size
    2,680 SF
    Lot size
    1.36 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Patrick G Berman
    Patrick G Berman

    Listing agent Patrick G Berman License #SL648004

    Listing office Cushman & Wakefield | Tampa

    Listing date Feb 21, 2024

    Source Moodyscre

    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 Cushman & Wakefield | Tampa

    HighLights

    • 1.36‑acre signalized hard corner property
    • Excellent visibility and frontage on two streets
    • Located at NWC of 54th Avenue North (17,000 VPD) and 71st Street (15,400 VPD)
    • Superior access: four points of ingress / egress
    • Dedicated pylon sign on 54th Avenue North

    Overview

    This 1.36-acre commercial land property is a signalized hard corner located at the northwest corner of 54th Avenue North and 71st Street. The location offers excellent visibility and frontage on both streets. It features superior access with four points of ingress and egress. A dedicated pylon sign is present on 54th Avenue North. The average daily traffic is 17,000 vehicles per day on 54th Avenue North and 15,400 vehicles per day on 71st Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7373
    Latitude
    27.8214

    Nearby Similar for Sale

    • $329,900
      1,431 SF

      St. Petersburg Income-Producing Duplex

      Income-producing duplex near downtown St. Pete, sold as-is.
      1778 Yale St S, Saint Petersburg, FL 33712
      View Details
    • $449,900
      2,140 SF

      St. Petersburg Duplex Opportunity

      Income-producing duplex with updated units in a high-demand area.
      245- 247 38th SE Ave, Saint Petersburg, FL 33705
      View Details
    • $475,000
      2,928 SF

      Retail - ST PETERSBURG, FL

      Retail building available for purchase in St. Petersburg, Florida.
      1602 31St Ave N, St Petersburg, FL 33713
      View Details
    • $795,000
      1,600 SF

      Renovated Triplex in Euclid/St. Paul's

      Fully renovated triplex near St. Anthony’s Hospital in Saint Petersburg.
      945 13TH Street North, Saint Petersburg, FL 33705
      View Details
    • $900,000
      4,152 SF

      High-Visibility Corner Office Building

      4,152 SF office building on a high-traffic corner lot.
      2901 58TH Ave N, Lealman, FL 33714
      View Details
    • $1,000,000

      Prime Commercial Property on 66th Street

      High-visibility commercial property with two buildings and ample parking.
      4900 66TH St N, West Lealman, FL 33709
      View Details
    • $385,000
      1,832 SF

      Mixed-Use Commercial Opportunity

      Mixed-use property with shop, yard, and office space.
      5201 66TH Way N, West Lealman, FL 33709
      View Details
    • $275,000

      Versatile Commercial Building on 49th

      Commercial building with high visibility and customization potential.
      4498 49TH St N, Lealman, FL 33709
      View Details
    • $499,000

      Stabilized Multifamily Property in St. Petersburg

      Three-unit apartment complex in a rapidly growing area.
      2753 53RD Ave N, Lealman, FL 33714
      View Details
    • $4,139,130

      Gulfport Walgreens with Long-Term Lease

      Single-tenant Walgreens with lease through 2061 in Gulfport, Florida.
      5701 Gulfport BLVD S, Other Cities, FL 33707
      View Details
    • $600,000

      St. Petersburg Multifamily Investment Opportunity

      Multifamily property with 3 fully rented units in St. Petersburg.
      5901 28TH St N, Lealman, FL 33714
      View Details
    • Contact for pricing
      6,226 SF

      Former Bank Branch Opportunity

      Former bank branch for reuse, repositioning, or redevelopment.
      5701 38th Ave N, Saint Petersburg, FL 33710
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.36-acre corner property with excellent visibility and access.
    Where is this commercial land located?
    The property is located at 7101 54th Ave N Saint Petersburg, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 1.36‑acre signalized hard corner property; Excellent visibility and frontage on two streets; Located at NWC of 54th Avenue North (17,000 VPD) and 71st Street (15,400 VPD)
    (813) 223-6300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Patrick G Berman
    Patrick G Berman
    Real Estate License ID: SL648004
    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

    Thank You for Inquiry
    7101 54th Ave N, Saint Petersburg, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!