Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    724 Jackson St St. Petersburg, FL 33705

    Property Lookup

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

    724 Jackson St St. Petersburg, FL 33705

    View on Map
    • Residential income homes
    • 2,683 SF
    • 0.15 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 724 Jackson St

    Year built
    1925
    Lot size
    0.15 lot acres
    Property size
    2,683 SF
    Property type
    Residential income homes
    Property subtype
    Apartment buildings

    Description

    This exceptional St. Petersburg, FL investment property, located at 724 Jackson St N, 33705, offers a unique blend of historic charm and modern updates. The property comprises a meticulously maintained single-family home and a two-story duplex, totaling three units across two buildings on a 0.15-acre lot. Built in 1925 and renovated in 2016, the property boasts 2,683 square feet and features extensively updated units, each equipped with in-unit laundry and reserved parking. The single-family home and duplex are separately metered for utilities (single-family home has all utilities, duplex has electric). The property benefits from a serene landscaped courtyard and is conveniently located seven blocks from Central Avenue, in the heart of Uptown's desirable neighborhood. This Core+ value-add investment opportunity presents a 6.77% cap rate (7.03% pro-forma) and is priced at $899,000. The property is in a non-flood zone, minimizing insurance costs. An adjacent vacant 0.15-acre lot is also available for purchase separately. This is a rare chance to acquire a vintage asset with strong potential for equity building, ideal for owner-occupancy with rental income from the duplex. The property is classified as a Class C multifamily building.

    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
    State
    Florida
    Longitude
    -82.6491
    Latitude
    27.7525

    Comparable in this City

    • Value Estimation by Request
      775 SF

      650 Pinellas Pt S Dr, Unit 116

      APARTMENT HOUSE (UNDER 5 UNITS) • 775 SF
      650 Pinellas Pt S Dr, Saint Petersburg, FL 33705-6276
      View Details
    • Value Estimation by Request
      640 SF

      650 Pinellas Pt S Dr, Unit 121

      APARTMENT HOUSE (UNDER 5 UNITS) • 640 SF
      650 Pinellas Pt S Dr, Saint Petersburg, FL 33705-6264
      View Details
    • Value Estimation by Request
      1,018 SF

      4832 Cobia SE Dr, Unit D

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,018 SF
      4832 Cobia SE Dr, Saint Petersburg, FL 33705-4896
      View Details
    • Value Estimation by Request
      1,024 SF

      4805 Cobia SE Dr, Unit D

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,024 SF
      4805 Cobia SE Dr, Saint Petersburg, FL 33705-4893
      View Details
    • Value Estimation
      $520,000
      1,437 SF

      5136 Coquina Key SE Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,437 SF
      5136 Coquina Key SE Dr, Saint Petersburg, FL 33705-4826
      View Details
    • Value Estimation by Request
      1,018 SF

      5255 Coquina Key SE Dr, Unit C

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,018 SF
      5255 Coquina Key SE Dr, Saint Petersburg, FL 33705-6334
      View Details

    Similar Nearby for Sale

    • $895,000
      Pending

      St. Petersburg Multifamily Investment Opportunity

      Five-unit multifamily property near downtown St. Petersburg with development potential.
      944 15Th Ave S, St Petersburg, FL 33705
      View Details
    • $895,000
      Pending

      St. Petersburg Multi-Family Investment Opportunity

      Five-unit property near downtown St. Pete with development potential.
      944 15Th Ave S, St Petersburg, FL 33705
      View Details
    • $895,000
      3,872 SF

      Rare Multi-Family Investment Opportunity

      Five-unit property near downtown St. Pete with development potential.
      944 15Th Ave S, St Petersburg, FL 33705
      View Details
    • $625,000
      2,112 SF

      St. Petersburg Multi-Family Investment Property

      Stabilized co-living property near downtown St. Petersburg with income potential.
      1835 16Th St S, St Petersburg, FL 33705
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,900 SF

      Retail Space For Rent

      Retail space available, previously a luxurious lash studio/salon.
      553 N Dr Martin Luther King Jr St, St Petersburg, FL 33705
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space in St. Petersburg

      Retail space available for lease in St. Petersburg, Florida.
      10301 N Dr Martin Luther King Jr St, St Petersburg, FL 33705
      View Details
    • Contact for pricing

      EDGE District Mixed-Use Building

      Renovated mixed-use building with retail and office space for lease.
      1246 Central Ave, St Petersburg, FL 33705
      View Details
    • Contact for pricing

      Second Floor Office Space

      Office space available for rent on the second floor.
      25 Dr. M.l.k. Jr St S, St Petersburg, FL 33705
      View Details
    • Contact for pricing
      2,505 SF

      Downtown St. Petersburg Office Space

      Office/retail space with high visibility in downtown St. Petersburg.
      901 Central Ave, Saint Petersburg, FL 33705
      View Details
    • Contact for pricing

      Central Avenue Commercial Space Available

      Retail and office spaces for rent on Central Avenue.
      900 Central Ave, St Petersburg, FL 33705
      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.
    724 Jackson St
    St. Petersburg, FL 33705
    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

    724 Jackson St, St. Petersburg, FL, 33705

    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!