Mixed-Use Live-Work
New
For Sale
$1,000,000
735 17TH N, St Petersburg, FL 33713
A commercial workspace and residential loft share a building with a backyard pergola and pavered outdoor area.
Property Size3,580 SF
Days on Market4
Property Features for 735 17TH N
General Information
Standard status
Active
Size
3,580 SF
Property subtype
Commercial
Additional Details
Floor
Ground Floor
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$9,860
Building Details
Building Size
3,580 SF
Year Built
1941
Units
1
Listing Agency:
COMPASS FLORIDA LLC
Listed By:
Zach Steinberger · License #3438328
(941) 539-7253
Source:
Elliman
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 8:39AM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
At 735 17th St N in St. Petersburg, this mixed-use property combines ground-floor commercial space with an upper-level residential loft. The commercial area features high ceilings, exposed ductwork, recessed lighting, natural light, two half baths, and a sprinkler system. The loft includes a kitchen and full bath, with a Ceran cooktop, JennAir oven, KitchenAid refrigerator, and Haier dishwashers. A backyard with pavers and a pergola provides outdoor space.
Built in 1941, the property has a metal roof, HVAC and mini-split systems, insulation, interior paint, and a Square D electrical panel. Approved plans for a new ADU can be included. Walk Score is 87, Bike Score is 73, and Transit Score is 43.
Built in 1941, the property has a metal roof, HVAC and mini-split systems, insulation, interior paint, and a Square D electrical panel. Approved plans for a new ADU can be included. Walk Score is 87, Bike Score is 73, and Transit Score is 43.
Key Highlights
- Ground‑floor commercial space with an upstairs residential loft
- Commercial area includes two half baths and a sprinkler system
- Loft kitchen has a Ceran cooktop, JennAir oven, KitchenAid refrigerator, and Haier dishwashers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,584
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,111,680
$1.1M
Cap Rate 7%
$794,057
$794.1K
Cap Rate 9%
$617,600
$617.6K
Market Conditions
NOI Build-Up for 3,580 SF
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.
Gross rent
$93.2K $26.04/SF
− Vacancy
−$19.1K −$5.34/SF
EGI
$74.1K $20.70/SF
− OpEx
−$18.5K −$5.18/SF
NOI
$55.6K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,111,680
Cap Rate 7%
$794,057
Cap Rate 9%
$617,600
Alternative Uses
Best Use
Office B
$794.1K
$694.8K – $926.4K
NOI $55,584 @ 7.0% cap · market cap 5.56%
Second Best
Mixed Use
$635.2K
$555.8K – $741.1K
NOI $44,464 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$931.2K
$814.8K – $1.09M
NOI $65,183 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial workspace and residential loft share a building with a backyard pergola and pavered outdoor area.
Where is this mixed-use property located?
The property is located at 735 17TH N St 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: Ground‑floor commercial space with an upstairs residential loft; Commercial area includes two half baths and a sprinkler system; Loft kitchen has a Ceran cooktop, JennAir oven, KitchenAid refrigerator, and Haier dishwashers
