Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2606 Fairfield Ave St. Petersburg, FL 33712
    Back to Search
    Property profile & analytics

    2606 Fairfield Ave, St. Petersburg, FL 33712

    View on Map
    • Warehouses
    • 18,588 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Factory St. Pete / Theater & Performing Art Venue
    • FloridaRAMA / Resort
    • Museum of Motherhood / Charitable Organization / Advocacy Group
    • Daddy Kool Records / (Bike/Boat/Book/etc) Store

    Property Details for 2606 Fairfield Ave

    Year built
    1953
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    The Factory in St. Petersburg, Florida, offers unique flex space in a vibrant arts warehouse district. This Class A property, built in 1953 and extensively renovated in 2022, comprises eight single-story buildings totaling 18,588 square feet. Currently, 9,544 square feet are available across multiple suites, with minimum divisible space of 1,772 square feet and a maximum contiguous space of 7,529 square feet. The property features 15' to 18' ceilings and excellent frontage on Fairfield Ave S, with convenient access to 28th Street S. The zoning is Industrial Traditional (IT), Pinellas County APN 23-31-16-17460-000-0110. Ideal for a variety of uses, including retail, office, and creative industries, this location offers high visibility and proximity to the Pinellas Trail. The property's location within the Arts Warehouse District provides access to a thriving community of artists, galleries, restaurants, and event spaces. Available spaces are located in Buildings 7 and 8. Building 7 offers one space of approximately 2,015 square feet, while Building 8 offers three flexible units ranging from 1,772 to 7,529 square feet. The property is perfect for businesses seeking a unique and inspiring workspace in a dynamic location.

    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
    -82.6678
    Latitude
    27.7641

    Comparable in this City

    • Value Estimation by Request
      9,000 SF

      800 28Th St

      Distribution properties
      800 28Th St, St. Petersburg, FL 33712
      View Details
    • Value Estimation by Request
      2,724 SF

      2826 Fairfield Ave

      Distribution properties
      2826 Fairfield Ave, St. Petersburg, FL 33712
      View Details
    • Value Estimation by Request
      47,346 SF

      2400-2462 5Th Ave

      Lifestyle centers
      2400-2462 5Th Ave, St. Petersburg, FL 33712
      View Details
    • Value Estimation by Request
      6,415 SF

      558 28Th St

      Distribution properties
      558 28Th St, St. Petersburg, FL 33712
      View Details
    • Value Estimation by Request
      8,887 SF

      2160 Central Ave

      Office Units
      2160 Central Ave, St. Petersburg, FL 33712
      View Details
    • Value Estimation
      $35,030,000
      99,251 SF

      3201 32nd S Ave

      MINI-WAREHOUSE, STORAGE
      3201 32nd S Ave, Saint Petersburg, FL 33712-3700
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,728 SF

      Warehouse Arts District Flex Space

      1,728 SF flex space in St. Petersburg's Warehouse Arts District.
      2406 Terminal Dr S, St Petersburg, FL 33712
      View Details
    • $1,690,000
      11,122 SF

      Renovated Structure on Large Lot

      Renovated 10,000 SF structure on 2/3 acre lot.
      1940 7Th Ave South, St Petersburg, FL 33712
      View Details
    • Contact for pricing

      St. Petersburg Flex Space Opportunity

      Industrial-zoned property with income-generating home, redevelopment potential.
      560 26Th St S, St Petersburg, FL 33712
      View Details
    • Contact for pricing
      8,370 SF

      Warehouse in Central Arts District

      Warehouse space in a rapidly developing urban area.
      1922 Central Ave, Saint Petersburg, FL 33712
      View Details
    • Contact for pricing
      4,090 SF

      St. Pete Mixed-Use Development Opportunity

      Prime mixed-use development site in the Warehouse Arts District.
      415 20Th St S, St Petersburg, FL 33712
      View Details
    • Contact for pricing
      2,164 SF

      Remodeled Professional Office Space

      Modern, ADA-accessible office with parking and flexible workspace.
      3209 30Th Ave S, St Petersburg, FL 33712
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse Arts District Flex Space

      Renovated building in St. Pete's Warehouse Arts District.
      2200 2Nd Ave S, St Petersburg, FL 33712
      View Details
    • Contact for pricing

      Warehouse Arts District Flex Space

      Remodeled warehouse/office space in the Warehouse Arts District.
      2233 3Rd Ave S, St Petersburg, FL 33712
      View Details
    • Contact for pricing

      St. Petersburg's Dynamic Mixed-Use Facility

      Thriving creative community with retail, office, and entertainment spaces.
      2606 Fairfield Ave S, St Petersburg, FL 33712
      View Details
    • Contact for pricing

      Industrial Space For Rent

      2,000 SqFt single tenant industrial space available for rent.
      612 27Th St S, St Petersburg, FL 33712
      View Details
    • Contact for pricing
      5,800 SF

      Retail Space Near Gas Plant

      Retail space adjacent to planned historic district redevelopment.
      201 17Th St S, St Petersburg, FL 33712
      View Details
    • Contact for pricing
      11,356 SF

      Retail Space in St Petersburg

      Retail space available for lease in St Petersburg, Florida.
      2232 2Nd Ave South, St Petersburg, FL 33712
      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.
    2606 Fairfield Ave
    St. Petersburg, FL 33712
    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

    Thank You for Inquiry
    2606 Fairfield Ave, St. Petersburg, FL, 33712
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!