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    Property profile & analytics

    945 Snell Isle Blvd St. Petersburg, FL 33704

    • Commercial real estate
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8299418
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 945 Snell Isle Blvd

    Lot size
    0.18 lot acres
    Property type
    Commercial real estate
    APN
    08-31-17-83376-000-3130

    Description

    This exceptional 0.18-acre commercial lot, located at 945 Snell Isle Blvd NE in St. Petersburg, Florida (Pinellas County, zip code 33704), presents a unique investment opportunity. The property, identified by APN 08-31-17-83376-000-3130, measures approximately 63x119 feet and is situated in the highly desirable Snell Isle neighborhood. This prime location offers unparalleled access to Tampa Bay's finest amenities, including top-rated schools, upscale shopping, diverse restaurants, scenic parks, and championship golf courses. Enjoy a short commute to the Gulf beaches (20 minutes) and Tampa International Airport, as well as easy access to St. Petersburg's vibrant downtown area (10 minutes), known for its thriving arts scene, waterfront parks, and marina. Given the recent sales of new construction homes in the area exceeding $2.5 million, this lot represents a significant opportunity to develop a high-value property in a coveted location. The property is readily accessible for viewing at the buyer's convenience. This is an exceptional chance to build in one of Tampa Bay's most sought-after communities. The asking price for this remarkable property is $950,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    St. Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6164127
    Latitude
    27.7942926

    Comparable in this City

    • $2,750,000
      Pending

      Waterfront Land on North Shore

      Exceptional opportunity to build on St. Petersburg's most admired street.
      1500 N Shore Dr NE, St Petersburg, FL 33704
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    • New
      $650,000
      Pending

      Residential Land in St. Petersburg

      Land value only, featuring a newer pool and existing garage.
      827 Snell Isle Blvd NE, St Petersburg, FL 33704
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    • $849,950

      Prime Lot in Snell Isle

      Dream home opportunity in coveted Snell Isle community.
      372 Bayview Dr, St Petersburg, FL 33704
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    • $1,100,000
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      Snell Isle Build-Ready Lot

      Cleared lot in prime location near Vinoy Golf Club.
      746 31St Ave NE, St Petersburg, FL 33704
      View Details
    • $1,495,000
      0.33 Acres

      Vacant Lot in Snell Isle

      Cleared vacant lot in desirable St. Petersburg neighborhood.
      409 Snell Isle Blvd NE, St Petersburg, FL 33704
      View Details
    • $1,650,000

      Land For Sale

      Land available for sale.
      1344 Monterey Blvd NE, St Petersburg, FL 33704
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    Similar Nearby for Sale

    • $1,650,000

      Land For Sale

      Land available for sale.
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    • $1,900,000

      Waterfront Lot in Snell Isle

      Vacant waterfront lot with 108' frontage in Snell Isle.
      901 Eden Isle Dr, St Petersburg, FL 33704
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    • Contact for pricing

      Land for Sale

      Land available for purchase in St Petersburg, Florida.
      3301 32Nd Ave S, St Petersburg, FL 33704
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    • $849,950

      Prime Lot in Snell Isle

      Dream home opportunity in coveted Snell Isle community.
      372 Bayview Dr, St Petersburg, FL 33704
      View Details
    • $1,100,000
      0.25 Acres

      Snell Isle Build-Ready Lot

      Cleared lot in prime location near Vinoy Golf Club.
      746 31St Ave NE, St Petersburg, FL 33704
      View Details
    • $1,495,000
      0.33 Acres

      Vacant Lot in Snell Isle

      Cleared vacant lot in desirable St. Petersburg neighborhood.
      409 Snell Isle Blvd NE, St Petersburg, FL 33704
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,700 SF

      Suburban Office Building Near Hospital

      Six-story office building suitable for professional or medical use.
      2600 Dr Martin Luther King Jr St N, Saint Petersburg, FL 33704
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    • $35 SF/Yr
      2,500 SF

      Retail Space in Modern Building

      Modern retail space with high traffic and ample parking.
      182 37Th Ave N, Saint Petersburg, FL 33704
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    • $22 SF/Yr
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      Available Office Space Near Hospital

      2,111 SF office space near St. Petersburg General Hospital.
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    • $3,000 /Mo
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      Retail Spaces Near Downtown

      Exclusive retail spaces available for lease near Central Ave.
      2300 Dr Martin Luther King Jr St S, St Petersburg, FL 33704
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    • $25 SF/Yr
      43,740 SF

      St. Petersburg Office Space for Lease

      Prime St. Pete office suites, immediate occupancy.
      3637 4Th St, St. Petersburg, FL 33704
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    • Contact for pricing

      Retail Space on 4th Street

      Retail spaces available near University of South Florida St. Pete.
      2424 4Th St N, St Petersburg, FL 33704
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    945 Snell Isle Blvd
    St. Petersburg, FL 33704
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    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
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