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    Shovel-Ready Townhome Development Land Title is generated by Realmo AI

    7301 1ST AVENUE S, St Petersburg, FL 33707

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    Claim this Listing
    Pending
    $374,000

    Land - ST PETERSBURG, FL

    Lot size:
    0.17 Acres
    Added:
    Jan 28, 2026
    Days on Market:
    128
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 7301 1ST AVENUE S

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Corner Lot, Level, Paved
    Standard status
    Pending
    APN
    19-31-16-20484-042-0120
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5171.64

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Crawford

    Listing agent David Crawford License #3422506

    Listing office RE/MAX ACTION FIRST OF FLORIDA 25 Causeway Blvd Ste. 101, Clearwater, FL

    Listing date Jan 28, 2026

    MLS# TB8470032 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 0.17‑acre corner lot in an X500 flood zone
    • Cleared and graded, described as shovel‑ready for an approved townhome development plan
    • Approved plans for 12 three‑story townhomes: 3 bed, 2 full bath, and 2 half bath units
    • Optional private elevators in the townhomes, with access from rooftop terraces to gourmet kitchens and down to garages
    • Plans include two‑car garages for the townhomes
    • Lot can be purchased as a standalone sale or with 2 additional contiguous lots (all zoned for the 12 townhomes)

    Overview

    This offering is for a cleared and graded, shovel-ready residential development lot of approximately 0.17 acres in an X500 flood zone. The parcel is presented as a standalone sale or as part of a combined purchase with two additional contiguous lots. According to the provided materials, all lots are currently zoned to support the construction of 12 residential townhomes, along with available plans, renderings, and permitting documentation.

    The property is located at 7301 1st Avenue S in St. Petersburg, FL 33707. The site is described as being situated along a bike trail, and roughly one block from Sunset Park. The remarks further note proximity to the Treasure Island Causeway and beaches to the west, with St. Pete Pier, restaurants, and retail to the east being only minutes away.

    For developers and builders seeking an approved-path project, the included planning reflects three-story townhome designs with three bedrooms, two full bathrooms, and two half bathrooms per unit. The development concept also includes optional private elevators that traverse all floors, from rooftop terraces to interior living spaces and down to two-car garages. The adjacent vacant lot and the lot with an office building are also being marketed separately under MLS references TB8470017 and TB8470111.
    Property Profile Location Intelligence

    Current Use by Public Records

    YourLife Family Counseling ... Counselor Erickson Digital Arts Marketing & Advertising

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.739507
    Latitude
    27.770212

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    FAQs

    What type of property is this?
    Residential land & home lot - Cleared and graded 0.17-acre lot in X500 flood zone with approved plans for residential townhomes.
    Where is this residential land & home lot located?
    The property is located at 7301 1ST AVENUE S St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $374,000.
    What are key features of this property?
    This property features: 0.17‑acre corner lot in an X500 flood zone; Cleared and graded, described as shovel‑ready for an approved townhome development plan; Approved plans for 12 three‑story townhomes: 3 bed, 2 full bath, and 2 half bath units
    (727) 777-0328
    We can help!
    Listing Contact
    David Crawford
    Real Estate License ID: 3422506
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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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