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

    111 2Nd Ave St. Petersburg, FL 33701

    • Retail properties
    • 39,288 SF
    For Lease
    View listing
    $30 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eastman Educational Evaluations / Preschool
    • Gulfcoast Ultrasound Institute / Emergency Training School / Medical School
    • Mitchell Solar Solutions LLC / Solar Energy Company / Solar Energy System Service
    • The Falcon Group / Engineering Consultant
    • Daxon Dentistry / Cosmetic Dentist / Dental Hygienist

    Property Details for 111 2Nd Ave

    Property size
    39,288 SF
    Property type
    Retail properties

    Description

    Prime retail space in downtown St. Petersburg, Florida, is available for lease at Plaza Tower & Courtyard Shops. Three spaces ranging from 2,393 to 5,450 square feet are available in this vibrant location situated between Beach Drive and 1st Street N. The property boasts excellent street visibility and high foot and vehicular traffic, benefiting from its position along a trolley route. An attached parking garage offers reserved parking for tenants and their customers. The attractive courtyard setting, surrounded by shops and adjacent to a 16-story office building, creates a desirable atmosphere. This location offers unparalleled access to the Sundial St. Pete Shopping District, Straub Park, the new Pier, and is conveniently located minutes from I-275. The building features elevators for convenient access to all levels. The total building size is 39,288 square feet, and the property is located in Pinellas County. This is an exceptional opportunity for businesses seeking high visibility and a strong presence in a thriving downtown area. The property offers great street visibility and signage opportunities, ensuring maximum exposure for your business. High volume pedestrian and vehicular traffic guarantees a steady stream of potential customers. This is a multi-tenant building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    St. Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.634
    Latitude
    27.7737

    Comparable in this City

    • Value Estimation by Request

      560 1St Ave

      Retail properties
      560 1St Ave, St. Petersburg, FL 33701
      View Details
    • Value Estimation by Request
      0.09 Acres

      216 4Th St

      Individual retail properties • 0.09 Acres
      216 4Th St, St. Petersburg, FL 33701
      View Details
    • Value Estimation by Request
      10,172 SF

      1217 4Th St

      Individual retail properties • 10,172 SF
      1217 4Th St, St. Petersburg, FL 33701
      View Details
    • Value Estimation by Request
      66,000 SF

      151 2Nd Ave

      Neighborhood centers • 66,000 SF
      151 2Nd Ave, St. Petersburg, FL 33701
      View Details
    • Value Estimation by Request
      3,200 SF

      325 Dr. M.l.k. Jr St

      Office buildings • 3,200 SF
      325 Dr. M.l.k. Jr St, St. Petersburg, FL 33701
      View Details
    • Value Estimation by Request
      2,710 SF

      Pete High Volume Restaurant For Sale In Downtown St

      Restaurants • 2,710 SF
      Pete High Volume Restaurant For Sale In Downtown St, St. Petersburg, FL 33701
      View Details

    Similar Nearby for Sale

    • $245,000

      Profitable Beauty Supply Storefront

      Turnkey beauty and hair supply business with multiple income streams.
      1326 Dr Martin Luther King Jr St S, St Petersburg, FL 33701
      View Details
    • $7,500,000
      15,751 SF

      Downtown St. Petersburg Restaurant Property

      Prime downtown location leased to top-rated Rococo Steakhouse.
      655 S 2Nd Ave, St Petersburg, FL 33701
      View Details
    • $11,395,500
      15,486 SF

      Fully Leased Retail Investment Opportunity

      Fully leased retail property with long-term tenants in St. Petersburg.
      695 Central Ave, St Petersburg, FL 33701
      View Details
    • New
      $199,000
      2,567 SF

      Profitable Retail Business Opportunity

      Established hair and beauty supply business for sale in St. Petersburg.
      1326 Dr Martin Luther King Jr St S, St Petersburg, FL 33701
      View Details
    • $1,100,000
      3,015 SF

      Uptown St. Petersburg 5-Plex

      Historic 5-unit apartment building, great potential.
      471 9Th Ave, St. Petersburg, FL 33701
      View Details
    • $849,900
      1,736 SF

      Historic Downtown St. Petersburg Quadruplex

      Charming quadruplex in St. Pete's vibrant historic district.
      626 Highland St N, St Petersburg, FL 33701
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      39,288 SF

      St. Pete Retail Space Available

      Downtown St. Petersburg retail spaces for lease
      111 2Nd Ave, St. Petersburg, FL 33701
      View Details
    • $24 SF/Yr
      13,618 SF

      St. Petersburg Office Space Available

      Prime St. Pete Office, Multiple Suites Available
      433 Central Ave, St. Petersburg, FL 33701
      View Details
    • $44 SF/Yr
      2,953 SF

      Downtown St. Pete Retail Space

      Prime Retail Location, 2,953 sq ft
      560 1St Ave, St. Petersburg, FL 33701
      View Details
    • $30 SF/Yr
      1,444 SF

      St. Pete Retail Space - 1444 SF

      Prime Downtown St. Petersburg Retail Opportunity
      554 1St Ave, St. Petersburg, FL 33701
      View Details
    • Contact for pricing
      16,160 SF

      Downtown St. Pete Retail Space

      Prime 1st-generation retail, 2026 delivery.
      235 3Rd St, St. Petersburg, FL 33701
      View Details
    • Contact for pricing
      2,500 SF

      Downtown St. Petersburg Restaurant Space

      Former restaurant space in downtown St. Petersburg, close to attractions.
      299 N 1St Ave, St Petersburg, FL 33701
      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.
    111 2Nd Ave
    St. Petersburg, FL 33701
    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.