Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    4699 31St St St. Petersburg, FL 33712

    • Land
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4699 31St St

    Lot size
    0.26 lot acres
    Property type
    Land

    Description

    This exceptional 0.26-acre commercial land parcel presents a unique investment opportunity in St. Petersburg, Florida. Strategically located at 4699 31st St S, 33712, in Pinellas County, this property boasts high visibility and accessibility. Its prime location offers direct walking access to US-19 and its vibrant retail corridor, and enjoys significant exposure from Interstate 275, experiencing over 93,500 vehicles daily. The site is situated near numerous multi-family residential properties and Maximo Elementary School, ensuring a strong and consistent customer base. Proximity to major national retailers such as Starbucks, McDonald's, Publix, and CVS further enhances its appeal. Beyond immediate surroundings, the property benefits from its proximity to key attractions including Maximo Marina, Eckerd College (with over 2,000 students), St. Pete Beach (drawing 6.5 million annual visitors), and Tropicana Field. Commuting is convenient with Tampa International Airport just 20 minutes away and Downtown Tampa a 30-minute drive. The surrounding area exhibits robust demographics, with a population exceeding 164,100 within a 5-mile radius and an average household income exceeding $102,660 within 1 mile. This property is priced at $250,000 and presents a compelling opportunity for developers seeking a high-traffic location with strong growth potential.

    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
    -82.6752
    Latitude
    27.7258

    Comparable in this City

    • Value Estimation by Request

      1675 18Th Ave

      Land
      1675 18Th Ave, St. Petersburg, FL 33712
      View Details
    • Value Estimation by Request
      0.00 Acres

      Pinellas Pt S Dr

      VACANT COMMERCIAL LAND • 0.00 Acres
      Pinellas Pt S Dr, Saint Petersburg, FL 33712
      View Details
    • Value Estimation by Request
      1.33 Acres

      Karleton S Pl

      VACANT COMMERCIAL LAND • 1.33 Acres
      Karleton S Pl, Saint Petersburg, FL 33712
      View Details
    • Value Estimation by Request
      0.04 Acres

      19th S St

      VACANT COMMERCIAL LAND • 0.04 Acres
      19th S St, Saint Petersburg, FL 33712
      View Details
    • Value Estimation by Request
      0.15 Acres

      22nd S St

      INDUSTRIAL - VACANT LAND • 0.15 Acres
      22nd S St, Saint Petersburg, FL 33712
      View Details
    • Value Estimation by Request
      0.19 Acres

      3101 4th S Ave

      VACANT COMMERCIAL LAND • 0.19 Acres
      3101 4th S Ave, Saint Petersburg, FL 33712-1426
      View Details

    Similar Nearby for Sale

    • $449,000

      Land For Sale

      Land available for sale.
      2742 1St Ave S, St Petersburg, FL 33712
      View Details
    • $95,000

      Buildable Lot in St. Petersburg

      Clean, buildable lot near downtown St. Pete and I-275.
      2548 11Th Ave S, St Petersburg, FL 33712
      View Details
    • $150,000

      Land in Developing Neighborhood

      Land available in up-and-coming St. Petersburg neighborhood.
      15TH 15Th Ave S, St Petersburg, FL 33712
      View Details
    • $179,000
      0.13 Acres

      Residential Land in St. Petersburg

      Vacant land suitable for residential development, up to 4 units.
      31ST 31St St S, St Petersburg, FL 33712
      View Details
    • New
      $110,000
      0.14 Acres

      St. Petersburg Buildable Vacant Lot

      Vacant lot suitable for a 3BR/2BA home in St. Petersburg.
      2010 30Th St S, St Petersburg, FL 33712
      View Details
    • $100,000
      Pending

      Vacant Lot in St. Petersburg

      Vacant lot near downtown and beaches, ideal for custom home.
      2321 25Th Ave S, St Petersburg, FL 33712
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      1,200 SF

      3270 Central Ave

      Shopping centers
      3270 Central Ave, St. Petersburg, FL 33712
      View Details
    • $29 SF/Yr
      3,656 SF

      Restaurant Space with Kitchen

      Restaurant space featuring a hood and Ansul system.
      1847 1St Ave N, St Petersburg, FL 33712
      View Details
    • $25 SF/Yr
      18,588 SF

      St. Pete Factory Space Available

      Creative Office/Warehouse Suites, 1,772-7,529 SF
      2606 Fairfield Ave, St. Petersburg, FL 33712
      View Details
    • $2,850,000
      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
    • $25 SF/Yr
      36,000 SF

      Warehouse Arts District Gem

      St. Pete flex space, 442-12,937 SF
      2200 2Nd Ave, St. Petersburg, FL 33712
      View Details
    • $16 SF/Yr
      27,758 SF

      Warehouse Arts District Gem

      St. Pete industrial space, flexible options
      2233 3Rd Ave, 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.
    4699 31St St
    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

    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.