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

    360 Central Ave St. Petersburg, FL 33701

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Downtown St. Petersburg office building, 17 stories.

    Lot size:
    250,000 SF

    Property Features for 360 Central Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    250,000 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1984/2016
    Stories
    17

    Spaces For Lease

    at 360 Central Ave, St. Petersburg, FL 33701 Contact us

    We can help!

    Listing Contact
    Baharea Larsen
    Baharea Larsen

    Listing Agency: Feldman Equities Listing Agent: Baharea Larsen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    First Central Tower, a Class A, 250,000 square foot office building, offers a variety of spaces in the heart of Downtown St. Petersburg, Florida. Located at 360 Central Avenue, between 4th Street and 1st Street South, this 17-story building boasts 17 suites, with options ranging from 678 square feet to a maximum contiguous space of 15,322 square feet. Currently, 67,484 square feet of space is available for lease. The building, originally constructed in 1984, underwent renovations in 2016. Its prime location provides easy access to major roadways including I-275, I-75, and I-375. Situated in Pinellas County, within the Downtown St. Petersburg submarket, First Central Tower is in a desirable, non-flood and non-evacuation zone. The building offers traditional, executive, and creative office space options, making it suitable for a wide range of businesses. Multiple tenancy is available. This exceptional property presents a unique opportunity for businesses seeking a prestigious address in a thriving urban environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Exelon Electric Utility Company Mike Marcus Team ... Loan Service AppraisalVision (Bike/Boat/Book/etc) Store Enhance traveling llc Travel Agency Freight king Transportation ... Trucking Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    St. Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6376246
    Latitude
    27.7707185

    Nearby Similar for Lease

    • $9,900 /Mo
      10,632 SF

      St. Petersburg Office/Retail Space

      Prime St. Pete location, multiple suites available.
      6880 46Th Ave, St. Petersburg, FL 33709
      View Details
    • $10 SF/Yr
      8,394 SF

      St. Petersburg Executive Office Space

      Prime Office/Warehouse Space Available Now
      2810 Scherer Dr, St. Petersburg, FL 33716
      View Details
    • $42 SF/Yr
      4,558 SF

      Grand Central Retail Space

      St. Pete storefront, high visibility
      2817 Central Ave, St. Petersburg, FL 33713
      View Details
    • Contact for pricing
      250,000 SF

      Carillon Parkway Executive Suites

      Prime Pinellas County Office Space Available
      570 Carillon Pkwy, St. Petersburg, FL 33716
      View Details
    • $24 SF/Yr
      546 SF

      St. Pete Retail/Office Space For Lease

      Prime St. Petersburg location, 550 sq ft.
      2420 25Th St, St. Petersburg, FL 33713
      View Details
    • Contact for pricing
      851 SF

      St. Pete Retail Space For Lease

      Prime 851 SF Retail Building, 13 Parking Spaces
      3775 66Th St, St. Petersburg, FL 33710
      View Details
    • $47 SF/Yr
      1,917 SF

      Mirror Lake Office Space for Lease

      Downtown St. Petersburg Office, 1917 sq ft
      248 Mirror Lake Dr, St. Petersburg, FL 33701
      View Details
    • Contact for pricing
      50,068 SF

      St. Pete Retail Space - Gateway

      Prime Retail, Multiple Suites Available
      801 94Th Ave, St. Petersburg, FL 33702
      View Details
    • Contact for pricing
      73,036 SF

      Baypoint Executive Office Suites

      St. Petersburg, FL Office Space Available
      888 Executive Center Dr, St. Petersburg, FL 33702
      View Details
    • Contact for pricing
      25,806 SF

      Baypoint Retail: St. Petersburg, FL

      Prime Retail Space: St. Petersburg, Florida.
      805 Executive Center Dr, St. Petersburg, FL 33702
      View Details
    • Contact for pricing
      69,378 SF

      Executive Suites, St. Petersburg

      Prime Office Space, Gateway Submarket
      877 Executive Center Dr, St. Petersburg, FL 33702
      View Details
    • Contact for pricing
      43,350 SF

      St. Petersburg Executive Office Suites

      Prime Gateway Office Space, Flexible Sizes
      701 94Th Ave, St. Petersburg, FL 33702
      View Details

    FAQs

    What type of property is this?
    Office space - Downtown St. Petersburg office building, 17 stories.
    Where is this office space located?
    The property is located at 360 Central Ave St. Petersburg, FL.
    What are key features of this property?
    This property features: Stunning Gensler-designed lobby offers a contemporary aesthetic.; Tenant lounge features comfortable seating, large-screen TV, and complimentary Wi-Fi.; On-site tenant conference center available.
    (813) 221-6699 Call to check price and availability
    Request Owner's contact information
    360 Central Ave St. Petersburg, FL 33701
    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.
    360 Central Ave
    St. Petersburg, FL 33701
    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
    360 Central Ave St. Petersburg, FL 33701
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Baharea Larsen
    Baharea Larsen
    Real Estate License ID: 3175652
    (813) 221-6699 (813) 579-3934
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!