Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    888 Executive Center Dr W St Petersburg, FL 33702

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Extensively renovated office destination in the Tampa Bay area.

    Type:Office
    Added:
    Mar 11, 2024
    Days on Market:
    767
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 888 Executive Center Dr W

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2000

    Spaces For Lease

    at 888 Executive Center Dr W Contact us

    We can help!

    Listing Contact
    Barry Hanerfeld

    Listing agent Barry Hanerfeld License #FL 568445

    Listing office CBRE - Tampa

    Listing date Mar 11, 2024

    Source Crexi

    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 CBRE - Tampa

    Overview

    Renovated Office Space in Tampa

    Baypoint Commerce Center has undergone an extensive multi-million dollar renovation and modernization project. This makes it an office destination of choice for companies of all sizes in the Tampa Bay area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jabil Design Engineering Corporate Office ProRep (Bike/Boat/Book/etc) Store Garcia & Ortiz PA Accounting Firm Johnson & Kreis CPA Tax Preparation Radius Innovation & Development ... Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Knowledge Accelerators — 450 94th Ave N, St. Petersburg, FL 33702
    • Protecht Smart — 9416 international ct n, st. petersburg, fl 33716
    • Reliable Computer Systems — 8424 4th St N Suite R, St. Petersburg, FL 33702
    • Printing Guides — 273 Cobblestone Street, St. Petersburg, FL 33702
    • Viviant Smart Home St. Petersburg — 801 94th Ave N, St. Petersburg, FL 33702

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6460123
    Latitude
    27.8589203

    Nearby Similar for Lease

    • Contact for pricing

      St. Petersburg Boutique Office Space

      Modern office with private suites, updated kitchen, and ample parking.
      3848 CENTRAL AVENUE, ST PETERSBURG, FL 33711
      View Details
    • Contact for pricing

      Versatile Commercial Space in St. Petersburg

      Commercial space suitable for office, retail, service, or light operations.
      4022 54TH AVENUE N, ST PETERSBURG, FL 33714
      View Details
    • Contact for pricing

      St. Petersburg Office Building For Rent

      Well-maintained 1,516 sqft office building on busy 66th St N.
      2672 66TH STREET N, ST PETERSBURG, FL 33710
      View Details
    • $23/mo

      Prime Retail Space on Fourth

      855 SF retail space in popular St. Petersburg center.
      3185 4TH STREET N, ST PETERSBURG, FL 33704
      View Details
    • Contact for pricing

      Prime Office Space in St. Pete

      Freestanding office building with high visibility and ample parking.
      6465 1ST AVENUE S, ST PETERSBURG, FL 33707
      View Details
    • $20/mo

      Prime Central Avenue Mixed-Use Space

      Four units available in a high-traffic St. Petersburg location.
      4200 CENTRAL AVENUE S, ST PETERSBURG, FL 33711
      View Details
    • Contact for pricing

      Renovated Mixed-Use Commercial Space

      Newly renovated mixed-use commercial space in St. Petersburg, Florida.
      313 18TH AVENUE S, ST PETERSBURG, FL 33705
      View Details
    • Contact for pricing

      Corner Lot with High Visibility

      Corner lot with high visibility, ideal for various commercial uses.
      6180 HAINES ROAD N, ST PETERSBURG, FL 33714
      View Details
    • $12/mo

      Renovated Warehouse Near I-275

      2,385 SF warehouse with office space, convenient highway access.
      11920 31ST COURT N, ST PETERSBURG, FL 33716
      View Details
    • $23/mo

      Corner Office Suite in St. Petersburg

      Spacious suite ideal for offices, medical, spa, or salon.
      5001 4TH STREET N, ST PETERSBURG, FL 33703
      View Details
    • $12/mo

      High-Visibility Retail/Office Space Available

      Prime St. Pete location with high traffic and flexible layout.
      6480 CENTRAL Ave, St. Petersburg, FL 33707
      View Details
    • $3/mo

      Retail/Office Space on Tyrone Blvd

      637 SF retail or office space available for lease.
      3805 TYRONE Blvd N 3805, St. Petersburg, FL 33709
      View Details

    FAQs

    What type of property is this?
    Office property - Extensively renovated office destination in the Tampa Bay area.
    Where is this office property located?
    The property is located at 888 Executive Center Dr W St Petersburg, FL.
    What are key features of this property?
    This property features: Extensive multi‑million dollar renovation and modernization.; Office destination of choice for companies of all sizes.; Located in the Tampa Bay area.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Barry Hanerfeld
    Real Estate License ID: FL 568445
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!