Residential Income
For Sale
$399,000
8090 50TH AVENUE N 8092, St Petersburg, FL 33709
Central air serves the property, which is zoned R-4.
Property Size2,091 SF
Price / SF$190.82
Days on Market22
Property Features for 8090 50TH AVENUE N 8092
General Information
Standard status
Active
Size
2,091 SF
Property subtype
Residential Income
Zoning
R-4
Taxes and HOA fees
Annual Taxes
$7,792
Amenities
Central Air
Central
Building Details
Year Built
1978
Listing Agency:
PYRAMID REALTY INC.
Listed By:
Andrea Grutman · License #3288229
(727) 492-2839
Source:
Evrealestate
Added: Oct 13
Changed: Oct 25
Last Checked: Nov 1 at 6:02AM
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 PYRAMID REALTY INC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1978, this residential income property has central air. The property is zoned R-4 and is located in St. Petersburg, Florida.
Key Highlights
- R‑4 zoning
- Central air
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,231
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,620
$384.6K
Cap Rate 7%
$274,729
$274.7K
Cap Rate 9%
$213,678
$213.7K
Market Conditions
NOI Build-Up for 2,091 SF
Gross rent
$37.6K $18.00/SF
− Vacancy
−$2.7K −$1.28/SF
EGI
$35.0K $16.72/SF
− OpEx
−$15.7K −$7.52/SF
NOI
$19.2K $9.20/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,620
Cap Rate 7%
$274,729
Cap Rate 9%
$213,678
Alternative Uses
Best Use
Apartment 5plus
$274.7K
$240.4K – $320.5K
NOI $19,231 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.9K
$475.9K – $634.5K
NOI $38,072 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
Explore this area
Business Placement
Demographics for 33709, FL
27,026
Population
13,767
Households
2
Avg Household Size
50
Median Age
19%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
5,299
Density / Sq Mi
$52,621
Median Household Income
$35,488
Median Earnings
$1,317
Median Rent
$190,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Central air serves the property, which is zoned R-4.
Where is this residential income property located?
The property is located at 8090 50TH AVENUE N 8092 St Petersburg, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: R‑4 zoning; Central air; Built in 1978
