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

    1st 1St St St. Petersburg, FL 33711

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • St Pete Volleyball CLub / Volleyball Club

    Property Details for 1st 1St St

    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional 0.35+ acre development opportunity is situated in St. Petersburg, Florida, within Pinellas County, and boasts a highly desirable location. The property is zoned for retail use and enjoys excellent visibility and frontage along 1st Avenue South, a key commercial thoroughfare. Its strategic placement within a dense residential and commercial area ensures a strong daytime population, providing a robust customer base for any future development. The address is 1st St S, St. Petersburg, FL 33711. This prime parcel presents a unique chance to capitalize on the thriving St. Petersburg market. The site's accessibility and high traffic count make it ideal for a variety of retail ventures. The location offers significant potential for developers seeking to establish a new commercial presence in a bustling and growing area. This is a rare opportunity to acquire a well-positioned parcel of land in a vibrant and dynamic city. The property's size and location make it an attractive investment for those seeking to build a successful retail establishment. Serious inquiries are encouraged.

    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
    -82.6819
    Latitude
    27.7703

    Comparable in this City

    • Value Estimation by Request
      0.84 Acres

      3426 14Th Ave

      Land • 0.84 Acres
      3426 14Th Ave, St. Petersburg, FL 33711
      View Details
    • Value Estimation by Request
      323 SF

      4802 22nd S Ave

      VEHICLE SALES, RENTALS • 323 SF
      4802 22nd S Ave, Saint Petersburg, FL 33711-2928
      View Details
    • Value Estimation
      $5,660,000
      26,326 SF

      2100 34th S St

      SHOPPING CENTER, STRIP CENTER • 26,326 SF
      2100 34th S St, Saint Petersburg, FL 33711
      View Details
    • Value Estimation
      $10,870,000
      34,416 SF

      4801 34th S St

      SHOPPING CENTER, STRIP CENTER • 34,416 SF
      4801 34th S St, Saint Petersburg, FL 33711-4509
      View Details
    • Value Estimation
      $935,000
      2,628 SF

      4700 34th S St

      RETAIL STORES (PERSONAL SERVICES) • 2,628 SF
      4700 34th S St, Saint Petersburg, FL 33711-4508
      View Details
    • Value Estimation
      $1,055,000
      5,250 SF

      2220 34th S St

      SHOPPING CENTER, STRIP CENTER • 5,250 SF
      2220 34th S St, Saint Petersburg, FL 33711-3226
      View Details

    Similar Nearby for Sale

    • $325,000

      Land For Sale

      Land available for sale.
      Central Ave, St Petersburg, FL 33711
      View Details
    • Contact for pricing
      2.00 Acres

      Skyway Marina District Outparcel

      Prime 2-Acre Restaurant Site
      3100 34Th St, St. Petersburg, FL 33711
      View Details
    • New
      $913,000
      3,740 SF

      St. Petersburg Retail/Auto Opportunity

      Versatile retail building with oversized garage bays in St. Petersburg.
      1254 34Th St S, St Petersburg, FL 33711
      View Details
    • $1,500,000

      Waterfront Lot with Bay Views

      Vacant deep water lot with newer seawall and stunning views.
      4771 Baywood Point Dr, Gulfport, FL 33711
      View Details
    • $925,000

      Commercial Land for Sale

      Commercial land available for sale.
      3425 22Nd Ave S, St Petersburg, FL 33711
      View Details
    • New
      $913,000
      3,740 SF

      St. Petersburg Retail/Auto Opportunity

      Versatile retail building with oversized garage bays in St. Petersburg.
      1254 34Th St S, St Petersburg, FL 33711
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      70,780 SF

      St. Pete Medical Office Space

      Prime Medical Office Suites Available
      4801 34Th St, St. Petersburg, FL 33711
      View Details
    • Contact for pricing
      13,864 SF

      Skyway Marina Retail Opportunity

      Restaurant Space, Prime Location, High Traffic
      3201 34Th St, St. Petersburg, FL 33711
      View Details
    • Contact for pricing

      St. Petersburg Outparcel For Rent

      2.8± AC outparcel in St. Petersburg's "Suncoast Plaza".
      1900 34Th St N, St Petersburg, FL 33711
      View Details
    • $40 SF/Yr
      8,192 SF

      Retail Space in St. Petersburg

      Retail space available for lease in St. Petersburg, Florida.
      3801-3805 S 34Th St, St Petersburg, FL 33711
      View Details
    • $20 SF/Yr
      8,681 SF

      Prime Central Avenue Mixed-Use Space

      Four units available in a high-traffic St. Petersburg location.
      4200 Central Ave S, St Petersburg, FL 33711
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space on 34th Street

      Retail space with frontage on 34th Street in St. Petersburg.
      4100-4116 34Th St S, St Petersburg, FL 33711
      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.
    1st 1St St
    St. Petersburg, FL 33711
    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.