Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    3104 34Th St St. Petersburg, FL 33713

    • Office Properties & Spaces
    • 3,603 SF
    • 0.34 lot acres
    For Sale
    View listing
    $1,495,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 3104 34Th St

    Year built
    1957
    Lot size
    0.34 lot acres
    Property size
    3,603 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional 3,603-square-foot office building, located at 3104 34th St N in St. Petersburg, Florida, presents a compelling investment opportunity. Situated on a 0.34-acre lot, this single-story, Class B building boasts a high-profile corner location with excellent visibility and accessibility. Built in 1957 and renovated in 1998, the property features a recent silicone roof seal system installation (within the last year), minimizing future maintenance concerns. The building is currently vacant, offering immediate occupancy for a new owner/user. The permitted zoning is CCR-1. With 3,600 square feet of air rights, the asking price is $1,495,000, translating to $414.93 per square foot. The property's previous tenant was a medical provider, and the existing build-out is suitable for medical or professional office use, including features such as an X-ray ready room. The high-traffic location (36,500 cars daily) makes it ideal for businesses requiring high visibility, such as medical walk-in clinics, insurance agencies, or law firms. The surrounding area is experiencing revitalization, with recent investments in new county offices, retail establishments, and automotive businesses. This property is perfect for an owner/user seeking a prime location in a growing market and is available for a 1031 exchange. The property's APN is 10-31-16-81900-000-0010.

    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
    -82.6796
    Latitude
    27.8006

    Comparable in this City

    • Value Estimation by Request
      2,770 SF

      2875 Central Ave

      Office space • 2,770 SF
      2875 Central Ave, St. Petersburg, FL 33713
      View Details
    • Value Estimation by Request
      3,020 SF

      735 17Th St

      Office space • 3,020 SF
      735 17Th St, St. Petersburg, FL 33713
      View Details
    • Value Estimation by Request
      1,005 SF

      1001 37th St N Ste F

      CONDOMINIUM OFFICES • 1,005 SF
      1001 37th St N Ste F, Saint Petersburg, FL 33713-6010
      View Details
    • Value Estimation by Request
      945 SF

      2299 9th Ave N Ste 3d

      CONDOMINIUM OFFICES • 945 SF
      2299 9th Ave N Ste 3d, Saint Petersburg, FL 33713-6852
      View Details
    • Value Estimation by Request
      2,280 SF

      2961 1st N Ave, Unit 2961

      CONDOMINIUM OFFICES • 2,280 SF
      2961 1st N Ave, Saint Petersburg, FL 33713-8605
      View Details
    • Value Estimation by Request
      3,280 SF

      4755 Central Ave, Unit A

      CONDOMINIUM OFFICES • 3,280 SF
      4755 Central Ave, Saint Petersburg, FL 33713-8139
      View Details

    Similar Nearby for Sale

    • $1,495,000
      3,603 SF

      34th St N Corner Office Investment

      High-profile St. Pete office, vacant, move-in ready.
      3104 34Th St, St. Petersburg, FL 33713
      View Details
    • $595,000
      1,440 SF

      Saint Petersburg Office Space Available

      Office space for sale in Saint Petersburg, Florida.
      4235 Central Ave, Saint Petersburg, FL 33713
      View Details
    • Contact for pricing
      18,677 SF

      St. Petersburg Medical Office Building

      Class A medical office building in downtown St. Petersburg, Florida.
      2201 Central Ave, St Petersburg, FL 33713
      View Details
    • $1,050,000
      2,972 SF

      St. Petersburg Mixed-Use Opportunity

      Versatile property with business and residential potential in high-traffic location.
      2715 9Th Ave N, St Petersburg, FL 33713
      View Details
    • $725,000
      825 SF

      St. Pete Office in Grand Central

      Freestanding office in St. Pete's Grand Central District.
      2420 1St Ave, St Petersburg, FL 33713
      View Details
    • $333,000
      1,270 SF

      Turnkey Gelato Shop Opportunity

      Profitable gelato shop near Tropicana Field and Imagine Museum.
      1691 Central Ave, St Petersburg, FL 33713
      View Details

    Similar Nearby for Lease

    • $312 /Mo
      1,200 SF

      3819 Central Ave

      Medical offices • 1,200 SF
      3819 Central Ave, St. Petersburg, FL 33713
      View Details
    • New
      $17 SF/Yr
      4,050 SF

      Central Avenue Mixed-Use Space

      High-visibility St. Petersburg location suitable for various professional uses.
      4021 Central Ave, St Petersburg, FL 33713
      View Details
    • $34,075

      St. Petersburg Office Space For Rent

      Commercial office space with excellent visibility and accessibility.
      3612 5Th Ave N, St Petersburg, FL 33713
      View Details
    • $450 /Mo
      4,500 SF

      Updated Office Suite with Warehouse

      Modern office suite with warehouse, flexible leasing options available.
      2548 30Th Ave N, St Petersburg, FL 33713
      View Details
    • $14,400 /Mo

      St. Petersburg Office/Retail Space

      Centrally located office/retail space with optional workroom/warehouse and storage.
      2400 25Th St N 2440, St Petersburg, FL 33713
      View Details
    • $4,125 /Mo
      4,500 SF

      Remodeled Office Suite in St. Petersburg

      Professional office suite with modern finishes and functional layout.
      2548 30Th Ave N, St Petersburg, FL 33713
      View Details
    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.
    3104 34Th St
    St. Petersburg, FL 33713
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.