Two-Story Office Building with
For Sale
Under Contract
$790,000
7321 1ST Avenue S, St Petersburg, FL 33707
SINGLE_FAMILY - ST PETERSBURG, FL
Property Size1,825 SF
Lot Size0.17 Acres
Price / SF$432.88
Days on Market185
Property Features for 7321 1ST Avenue S
General Information
Property type
Residential
Property subtype
Office
Window features
Blinds
Subdivision
DAVISTA REV MAP OF
Lot features
Landscaped, Sidewalk, Paved
Directions
Park St N St. Petersburg, FL 33710 Head toward Central Ave N 344 ft Turn left onto 1st Ave S Destination will be on the left
Standard status
Active Under Contract
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
Legal Description
DAVISTA, REV MAP OF BLK 42, LOT 10
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 · RE/MAX International
(727) 466-0800
Listed By:
David Crawford · License #3422506
(727) 777-0328
Added: Jan 28
Changed: Jul 29
Last Checked: Aug 1 at 3:06AM
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.
The property is a two-story office building on a 0.17-acre lot zoned CRT-1, including an industrial two-car garage. The existing layout provides four office spaces along with two bathrooms and a lobby/reception area, with features suited for operational needs such as fenced outdoor storage and indoor storage areas. An upstairs bonus space offers additional flexible room. An alley running behind both the building and the lots can accommodate a variety of uses for either the office or the residences.
An option exists to purchase two contiguous lots as well (0.17 acres each) for a combined 0.54 acres, bringing total planned development to three lots. Those two contiguous lots are cleared and graded, and the offering includes plans, renderings, and permitting for constructing a total of 12 open-concept townhomes. The approved plans would require all three lots and the demolition of the existing building; the seller notes an option to retain the contractor/developer/sellers for construction. The existing building can also be sold separately from the two lots.
An option exists to purchase two contiguous lots as well (0.17 acres each) for a combined 0.54 acres, bringing total planned development to three lots. Those two contiguous lots are cleared and graded, and the offering includes plans, renderings, and permitting for constructing a total of 12 open-concept townhomes. The approved plans would require all three lots and the demolition of the existing building; the seller notes an option to retain the contractor/developer/sellers for construction. The existing building can also be sold separately from the two lots.
Key Highlights
- Zoned CRT‑1: two‑story office building on a 0.17‑acre lot plus option to buy two contiguous 0.17‑acre lots (total 0.54 acres)
- Approved plans and permitting for a total of 12 open‑concept townhomes; plans include three‑story, 3BR with 2 full and 2 half baths per unit
- Two‑car industrial garage building includes 4 office spaces, 2 bathrooms, and a lobby/reception area plus upstairs bonus space
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
4
Office units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,509
Businesses Nearby
Explore this area
Business Placement
Demographics for 33707, FL
24,646
Population
16,579
Households
1.5
Avg Household Size
58
Median Age
40%
College-Educated
95%
High-School Grad
5.3 sq mi
ZIP Area
4,650
Density / Sq Mi
$68,560
Median Household Income
$45,513
Median Earnings
$1,512
Median Rent
$344,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building on a 0.17-acre CRT-1 lot with four office spaces, two bathrooms, and an industrial two-car garage.
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: Zoned CRT‑1: two‑story office building on a 0.17‑acre lot plus option to buy two contiguous 0.17‑acre lots (total 0.54 acres); Approved plans and permitting for a total of 12 open‑concept townhomes; plans include three‑story, 3BR with 2 full and 2 half baths per unit; Two‑car industrial garage building includes 4 office spaces, 2 bathrooms, and a lobby/reception area plus upstairs bonus space
