Two-Story Office with Garage
7321 1ST Avenue S St Petersburg, FL 33707
7321 1ST Avenue S, St Petersburg, FL, 33707
$790,000
Pending
For Sale
$790,000
Pending
SINGLE_FAMILY - ST PETERSBURG, FL
Property Size1,825 SF
Lot Size0.17 Acres
Days on Market174
Property Features for 7321 1ST Avenue S
General Information
- Property type
- Residential
- Property subtype
- Office
- Window features
- Blinds
- Standard status
- Pending
- APN
- 19-31-16-20484-042-0100
- Size
- 1,825 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- DAVISTA, REV MAP OF BLK 42, LOT 10
- Tax Annual Amount
- 7221
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1979
- Flooring type
- Carpet, Tile, Vinyl
- Building materials
- Block, Stucco
Listing Agency
RE/MAX ACTION FIRST OF FLORIDA
(727) 466-0800
25 Causeway Blvd Ste. 101, Clearwater, FL
Listed by
David Crawford · License #3422506
(727) 777-0328
Added: Jan 28 Updated: Jul 20 at 8:59 pm Checked: Jul 21 at 12:06 am
MLS# TB8470111
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.
Investment Insights
Based on property information with market context.
This two-story office building sits on a 0.17-acre lot and includes an industrial 2-car garage, indoor storage areas, and outdoor storage opportunities. The building features high-ceiling garage bays and an upstairs bonus space, along with a lobby/reception area and four office spaces. There are two bathrooms, supporting a layout well-suited for service and contractor-style businesses that need both office work areas and space for equipment.
The property is located on a well-traveled corridor in St. Petersburg, with an alley running behind both the building and the associated lots, which can support a variety of uses for either the office or potential residences. The listing also notes plans, renderings, and permitting activity for a townhome project, and the two cleared and graded lots can be purchased separately or together, subject to the stated approval requirements.
For tenants and operators, the configuration offers dedicated office space and practical storage/garage functionality for companies with trucks and/or heavy equipment such as HVAC, plumbing, or general contracting firms. For buyers with a development path in mind, the information provided describes approved plans for constructing three-story, three-bedroom townhomes, contingent on utilizing all lots and demolishing the existing building as noted in the submission.
The property is located on a well-traveled corridor in St. Petersburg, with an alley running behind both the building and the associated lots, which can support a variety of uses for either the office or potential residences. The listing also notes plans, renderings, and permitting activity for a townhome project, and the two cleared and graded lots can be purchased separately or together, subject to the stated approval requirements.
For tenants and operators, the configuration offers dedicated office space and practical storage/garage functionality for companies with trucks and/or heavy equipment such as HVAC, plumbing, or general contracting firms. For buyers with a development path in mind, the information provided describes approved plans for constructing three-story, three-bedroom townhomes, contingent on utilizing all lots and demolishing the existing building as noted in the submission.
Key Highlights
- Two‑story office building with industrial 2‑car garage on a 0.17‑acre lot; Year built 1979
- Property zoned CRT‑1; option to purchase two contiguous lots (0.17 acres each) for 0.54 total acres
- Existing building includes 4 office spaces, 2 bathrooms, and lobby/reception area; paved exterior and fenced outdoor storage noted
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 | $47.5k | $26.04 |
| − Vacancy | −$9.7k | −$5.34 |
| EGI | $37.8k | $20.70 |
| − OpEx | −$9.4k | −$5.18 |
| NOI | $28.3k | $15.53 |
1,825 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$404.8K
$354.2K – $472.3K
NOI $28,336 @ 7.0% cap · market cap 3.59%
Second Best
Flex RnD
$235.9K
$206.4K – $275.2K
NOI $16,511 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$474.7K
$415.4K – $553.8K
NOI $33,229 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tilney Pools
General Contractor
Baywalk Media LLC
Publishing House
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building with industrial-style storage and garage bays on a CRT-1 lot, plus options for contiguous expansion.
Where is this office building located?
The property is located at 7321 1ST Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Two‑story office building with industrial 2‑car garage on a 0.17‑acre lot; Year built 1979; Property zoned CRT‑1; option to purchase two contiguous lots (0.17 acres each) for 0.54 total acres; Existing building includes 4 office spaces, 2 bathrooms, and lobby/reception area; paved exterior and fenced outdoor storage noted
