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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2141 66Th St St. Petersburg, FL 33710

    • Neighborhood centers
    • 18,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Doctors' Weight Loss Center / Weight Loss Service

    Property Details for 2141 66Th St

    Property size
    18,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    This exceptional retail opportunity is located within the thriving Crossroads Shopping Center in Pinellas County. The 18,000 square foot center boasts a strong tenant mix, anchored by major retailers such as The Home Depot, T.J. Maxx, Ross Dress for Less, Office Depot, and West Marine. This ensures high foot traffic and excellent visibility for your business. Currently, there is 1,090 square feet of retail space immediately available for lease. The center's diverse tenant lineup also includes Tijuana Flats, Tropical Smoothie Café, and Mattress Firm, with Firehouse Subs and Southern Steer Butcher slated to open soon. This ensures a vibrant and bustling atmosphere, attracting a wide range of customers. The property benefits from exceptional visibility and exposure from 66th St. N, providing significant opportunities for marketing and brand awareness. This is an ideal location for businesses seeking high-traffic exposure in a well-established and successful shopping center. The available space is perfect for a variety of retail uses, offering a chance to establish a strong presence in a prime Pinellas County location. Don't miss this chance to secure your place in this thriving retail environment.

    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
    -82.7279
    Latitude
    27.7888

    Comparable in this City

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      1,250 SF

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    • Value Estimation
      $21,405,000
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      2028 66th N St

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    • Value Estimation
      $8,955,000
      17,470 SF

      2113 66th N St

      MINI-MALL • 17,470 SF
      2113 66th N St, Saint Petersburg, FL 33710-4711
      View Details
    • Value Estimation
      $15,300,000
      29,852 SF

      2050 Tyrone N Blvd

      MINI-MALL • 29,852 SF
      2050 Tyrone N Blvd, Saint Petersburg, FL 33710-4843
      View Details
    • Value Estimation
      $18,980,000
      68,326 SF

      2500 66th N St

      MINI-MALL • 68,326 SF
      2500 66th N St, Saint Petersburg, FL 33710-4048
      View Details
    • Value Estimation
      $1,615,000
      3,150 SF

      6159 9th N Ave

      MINI-MALL • 3,150 SF
      6159 9th N Ave, Saint Petersburg, FL 33710-6203
      View Details

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    2141 66Th St
    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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