Professional Office Building with
For Sale
Contact for pricing
757 ARLINGTON AVE N, St Petersburg, FL 33701
Turnkey professional office building with built-out offices, file storage, and 27 on-site parking spaces on a corner parcel.
Property Size7,799 SF
Price / SF$480.83
Days on Market125
Property Features for 757 ARLINGTON AVE N
General Information
Standard status
Active
Size
7,799 SF
Class
B
Property subtype
Office, Mixed Use
Zoning
DC-2
Building Details
Year Built
1940
Year Renovated
2010
Stories
2
Units
27
Listing Agency:
KW Commercial St. Petersburg
Listed By:
Jon Wittner · License #SL637643
Source:
Crexi
Added: May 5
Changed: Sep 3
Last Checked: Sep 4 at 12:09PM
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 KW Commercial St. Petersburg
Investment Insights
Based on property information with market context.
This ±7,799 SF professional office building was formerly occupied by a law firm and is built out with high-quality offices plus dedicated file storage. The property is positioned to support professional services users looking for immediate functionality.
Set on a prominent corner at 8th Street N and Arlington Avenue, the building offers visibility within downtown St. Petersburg, with Central Avenue two blocks away and Mirror Lake one block away. The surrounding area is described as experiencing significant growth and revitalization, and the asset is located four blocks from the Historic Gas Plant Redevelopment Project.
The property sits on a 0.44-acre parcel and is zoned DC-2. It includes 27 on-site parking spaces, noted as 3.4 per 1,000 SF, supporting both day-to-day operations and future development considerations.
Set on a prominent corner at 8th Street N and Arlington Avenue, the building offers visibility within downtown St. Petersburg, with Central Avenue two blocks away and Mirror Lake one block away. The surrounding area is described as experiencing significant growth and revitalization, and the asset is located four blocks from the Historic Gas Plant Redevelopment Project.
The property sits on a 0.44-acre parcel and is zoned DC-2. It includes 27 on-site parking spaces, noted as 3.4 per 1,000 SF, supporting both day-to-day operations and future development considerations.
Key Highlights
- ±7,799 SF professional office building built in 1940 on a 0.44‑acre corner parcel
- Built‑out with high‑quality offices and dedicated file storage; formerly occupied by a law firm
- 27 on‑site parking spaces (3.4/1,000 SF) at 8th Street N and Arlington Avenue
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
$121,090
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
3.23%
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%
$2,421,800
$2.4M
Cap Rate 7%
$1,729,857
$1.7M
Cap Rate 9%
$1,345,444
$1.3M
Market Conditions
NOI Build-Up for 7,799 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
$203.1K $26.04/SF
− Vacancy
−$41.6K −$5.34/SF
EGI
$161.5K $20.70/SF
− OpEx
−$40.4K −$5.18/SF
NOI
$121.1K $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%
$2,421,800
Cap Rate 7%
$1,729,857
Cap Rate 9%
$1,345,444
Alternative Uses
Best Use
Office B
$1.73M
$1.51M – $2.02M
NOI $121,090 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,001 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,137
Businesses Nearby
Explore this area
Business Placement
Demographics for 33701, FL
19,137
Population
13,434
Households
1.4
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
7,088
Density / Sq Mi
$69,098
Median Household Income
$48,072
Median Earnings
$1,531
Median Rent
$590,900
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 - Turnkey professional office building with built-out offices, file storage, and 27 on-site parking spaces on a corner parcel.
Where is this office building located?
The property is located at 757 ARLINGTON AVE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: ±7,799 SF professional office building built in 1940 on a 0.44‑acre corner parcel; Built‑out with high‑quality offices and dedicated file storage; formerly occupied by a law firm; 27 on‑site parking spaces (3.4/1,000 SF) at 8th Street N and Arlington Avenue
