Mixed-Use Live-Work
New
For Sale
$1,000,000
735 17TH Street N, St Petersburg, FL 33713
Commercial Sale, ST PETERSBURG, FL
Property Size3,580 SF
Lot Size0.14 Acres
Price / SF$279.33
Days on Market2
Property Features for 735 17TH Street N
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Dishwasher, Refrigerator
Subdivision
HOME SITE
Directions
From 17th St N, property is on the right
Standard status
Active
APN
13-31-16-40968-000-0170
Size
3,580 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOME SITE LOT 17
Tax Annual Amount
9860
Legal Description
HOME SITE LOT 17
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1941
Floors in Building
2
Number of units
1
Building materials
Metal Frame
Roof type
Metal
Listing Agency:
COMPASS FLORIDA LLC
(727) 380-2067
Listed By:
Zach Steinberger · License #3438328
(941) 539-7253
Added: Sep 23
Last Checked: Sep 24 at 2:06AM
MLS# TB8551314
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.
Located at 735 17th Street N in St. Petersburg, this mixed-use property combines a ground-floor commercial area with an upstairs residential loft. The commercial level features high ceilings, exposed ductwork, recessed lighting, abundant natural light, two half baths, and a sprinkler system. Recent improvements include a metal roof, HVAC and mini-split systems, insulation, interior paint, and a Square D electrical panel.
The residential loft includes a kitchen and full bath, with a Ceran cooktop, JennAir oven, KitchenAid refrigerator, and Haier dishwashers. The 0.14-acre lot also provides a pavered backyard and pergola. Public water and public sewer serve the property, with natural gas available. Approved plans for a new ADU may be included.
The residential loft includes a kitchen and full bath, with a Ceran cooktop, JennAir oven, KitchenAid refrigerator, and Haier dishwashers. The 0.14-acre lot also provides a pavered backyard and pergola. Public water and public sewer serve the property, with natural gas available. Approved plans for a new ADU may be included.
Key Highlights
- 3,580‑square‑foot mixed‑use property with commercial and residential components
- 0.14‑acre lot with a pavered backyard and pergola
- Ground‑floor commercial space has high ceilings, exposed ductwork, recessed lighting, and two half baths
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space and an upstairs residential loft combine business operations with on-site living flexibility.
Where is this mixed-use property located?
The property is located at 735 17TH Street 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: 3,580‑square‑foot mixed‑use property with commercial and residential components; 0.14‑acre lot with a pavered backyard and pergola; Ground‑floor commercial space has high ceilings, exposed ductwork, recessed lighting, and two half baths
