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    2812 54Th Ave St. Petersburg, FL 33712
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    Property profile & analytics

    2812 54Th Ave St. Petersburg, FL 33712

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    • Lifestyle centers
    • 75,313 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ashleyrae Donald, DO / Physician
    • Kyle J Borodunovich, DO / Pediatrician / Physician
    • Sandeep N Chugani, DO / Pediatrician / Physician
    • Bryan P Fink, DO / Pediatrician / Physician
    • Robert Lemons / Pediatrician / Physician

    Property Details for 2812 54Th Ave

    Property size
    75,313 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Seville Square, a prominent retail shopping center located at 2812-3016 54th Ave S in St. Petersburg, Florida (zip code 33712), offers exceptional leasing opportunities. This Pinellas County property boasts a total building area of 75,313 square feet, presenting a diverse range of options for prospective tenants. The center currently has 39,462 square feet of vacant space available, providing significant potential for expansion or new business ventures. Flexible leasing options are available, accommodating businesses requiring spaces ranging from a minimum of 1,421 square feet to a maximum contiguous space of 35,541 square feet. The property's prime location in St. Petersburg offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. This multi-tenant shopping center presents a unique opportunity to establish or expand a business within a thriving commercial environment. The property is classified as a retail shopping center and is ready for immediate occupancy. Interested parties are encouraged to inquire about available spaces and lease terms. The property is conveniently located in Pinellas County, Florida.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6714
    Latitude
    27.718

    Comparable in this City

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      47,346 SF

      2400-2462 5Th Ave

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    • Value Estimation by Request
      75,313 SF

      2810 54Th Ave

      Lifestyle centers • 75,313 SF
      2810 54Th Ave, St. Petersburg, FL 33712
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    • Value Estimation
      $6,485,000
      39,600 SF

      2830 54th S Ave

      MINI-MALL • 39,600 SF
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    • Value Estimation by Request
      1,600 SF

      909 22nd S St

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      909 22nd S St, Saint Petersburg, FL 33712-2252
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    • Value Estimation
      $2,135,000
      5,488 SF

      1618 Central Ave

      SHOPPING CENTER, STRIP CENTER • 5,488 SF
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      View Details
    • Value Estimation
      $575,000
      3,498 SF

      3067 18th S Ave

      SHOPPING CENTER, STRIP CENTER • 3,498 SF
      3067 18th S Ave, Saint Petersburg, FL 33712-2553
      View Details

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    Similar Nearby for Lease

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      Retail Shopping Center on Central

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      St. Petersburg's Dynamic Mixed-Use Facility

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      Retail Space Available For Rent

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      Industrial Space For Rent

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    2812 54Th Ave
    St. Petersburg, FL 33712
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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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