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    Property profile & analytics

    9th Ave. & Tyrone Blvd St. Petersburg, FL 33710

    • Retail properties
    • 118,574 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 9th Ave. & Tyrone Blvd

    Property size
    118,574 SF
    Property type
    Retail properties

    Description

    Oak Tree Plaza, a well-established neighborhood shopping center in St. Petersburg, Florida, offers a prime retail opportunity. Located at the intersection of 9th Ave. and Tyrone Blvd, in the 33710 zip code, this property boasts a total of 118,574 square feet of retail space situated on a 9-acre lot. Currently, there is 15,595 square feet of vacant space available, perfect for a variety of commercial uses. The center benefits from a strong, densely populated market with solid middle-income demographics, ensuring high foot traffic and potential customer base. Ample parking is provided with 565 spaces available for shoppers and tenants. The property is located in Pinellas County and is classified as a multi-tenant retail building. This presents a unique chance to establish a presence in a thriving commercial area with significant potential for growth and return on investment. The available space offers flexibility for businesses seeking a prominent location within a well-maintained and established shopping center. Contact us today to learn more about this exceptional opportunity.

    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
    -82.7189
    Latitude
    27.7816

    Comparable in this City

    • Value Estimation by Request
      72,310 SF

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      Retail properties • 72,310 SF
      1900-2100 Tyrone Blvd, St. Petersburg, FL 33710
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    • Value Estimation
      $30,135,000
      215,540 SF

      6901 22nd N Ave

      DEPARTMENT STORE • 215,540 SF
      6901 22nd N Ave, Saint Petersburg, FL 33710-3943
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      625 SF

      6831 Central Ave

      NURSERY, GREENHOUSE, FLORIST • 625 SF
      6831 Central Ave, Saint Petersburg, FL 33710-8331
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    • Value Estimation by Request
      1,250 SF

      6665 22Nd Ave

      Lifestyle centers • 1,250 SF
      6665 22Nd Ave, St. Petersburg, FL 33710
      View Details
    • Value Estimation
      $22,655,000
      162,034 SF

      6901 22nd N Ave

      DEPARTMENT STORE • 162,034 SF
      6901 22nd N Ave, Saint Petersburg, FL 33710-3943
      View Details
    • Value Estimation by Request
      18,000 SF

      2141 66Th St

      Neighborhood centers • 18,000 SF
      2141 66Th St, St. Petersburg, FL 33710
      View Details

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    Similar Nearby for Lease

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      118,574 SF

      Oak Tree Plaza: St. Petersburg Retail

      Prime St. Pete Retail Space Available. High-traffic location.
      9th Ave. & Tyrone Blvd, St. Petersburg, FL 33710
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Tyrone Mall

      Retail space available in established shopping center near Tyrone Mall.
      4665-4747 N 66Th St, Kenneth City, FL 33710
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    • $24 SF/Yr
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      Former Anchor Retail Space Available

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      2,234 SF

      Retail Space in Saint Petersburg

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      1402 66Th St N, Saint Petersburg, FL 33710
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    • Contact for pricing
      2,200 SF

      Retail Space in St. Petersburg

      Retail space available in a busy St. Petersburg shopping center.
      2212 66Th St N, St Petersburg, FL 33710
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    • 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
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    9th Ave. & Tyrone Blvd
    St. Petersburg, FL 33710
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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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