Add Listing
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

    10568 Gandy N Blvd Saint Petersburg, FL 33702-1422

    • Bars
    • 9,147 SF
    • 1.49 lot acres
    OFF-MARKET
    Last Sale
    Jun 15, 2023
    Value Estimations
    $3,755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9084462
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bars

    Property Details for 10568 Gandy N Blvd

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.49 lot acres
    Property size
    9,147 SF
    Property type
    Bars
    APN
    17-30-17-00000-340-0600
    APU
    173017000003400600

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,757,000
      Market price range: $1.19M - $4.28M
      AI Estimate
      $3,757,000
      Market price range: $1.19M - $4.28M

    • Alternative Use

      Use
      Estimation
      NIGHTCLUB (COCKTAIL LOUNGE)
      $2,755,000
      Current use
      RESTAURANT
      $5,615,000
      Change: +104% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,495,000
      Change: +99% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,190,000
      Change: +16% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,910,000
      Change: +5% Conversion: Difficult
      OFFICE BUILDING
      $2,720,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6262
    Latitude
    27.8666
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,931
    $0.00
    $0.00
    $1,980,000
    -
    $1,049,615
    $930,385
    $1,980,000

    Comparable in this City

    • Value Estimation
      $1,090,000
      5,428 SF

      10515 Gandy N Blvd

      NIGHTCLUB (COCKTAIL LOUNGE) • 5,428 SF
      10515 Gandy N Blvd, Saint Petersburg, FL 33702-1461
      View Details
    • Value Estimation
      $3,200,000
      4,950 SF

      9107 4th N St

      RESTAURANT • 4,950 SF
      9107 4th N St, Saint Petersburg, FL 33702-3129
      View Details
    • Value Estimation
      $2,325,000
      4,420 SF

      925 62nd N Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,420 SF
      925 62nd N Ave, Saint Petersburg, FL 33702-6631
      View Details
    • Value Estimation
      $1,345,000
      2,430 SF

      9100 4th N St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,430 SF
      9100 4th N St, Saint Petersburg, FL 33702-3130
      View Details
    • Value Estimation
      $545,000
      1,220 SF

      11400 Gandy N Blvd

      RESTAURANT • 1,220 SF
      11400 Gandy N Blvd, Saint Petersburg, FL 33702-1908
      View Details
    • Value Estimation
      $1,410,000
      2,312 SF

      7595 4th N St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,312 SF
      7595 4th N St, Saint Petersburg, FL 33702-5403
      View Details

    Similar Nearby for Sale

    • $495,000
      Pending

      Retail Building in North St. Pete

      Income-producing retail building with prime location and development potential.
      3186 62Nd Ave N, St Petersburg, FL 33702
      View Details
    • $3,929,540
      11,220 SF

      St. Petersburg Retail Investment

      High-yield, triple-net leased auto shop.
      445 99Th Ave, St. Petersburg, FL 33702
      View Details
    • $420,000
      987 SF

      Luxury Garage Condo for Automotive Storage

      Rare 987 SF garage condo for vehicle or RV storage.
      2051 Gandy Blvd N, St Petersburg, FL 33702
      View Details
    • $200,000
      0.18 Acres

      St. Petersburg Land Opportunity

      Prime lot for custom home in St. Petersburg location.
      753 63Rd Ave N, St Petersburg, FL 33702
      View Details
    • Contact for pricing
      Pending

      Vacant Lot in 55+ Community

      Vacant lot in 55+ community with many amenities.
      636 Mount Piney Ave NE, St Petersburg, FL 33702
      View Details
    • $199,000

      Residential Property in St. Petersburg

      Residential property for sale in St. Petersburg, Florida.
      7225 Mount Fairfield Rd NE 541, St Petersburg, FL 33702
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      66,662 SF

      St. Petersburg Retail Center Opportunity

      Prime Retail Space Available, 13,185 SF
      1846 62Nd Ave, St. Petersburg, FL 33702
      View Details
    • Contact for pricing
      1,960 SF

      Prime Retail Building with Land

      1,960 SF retail building with 0.66-acre lot for lease.
      8520 N 4Th St, St Petersburg, FL 33702
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in Winn-Dixie Center

      Retail space available in Winn-Dixie anchored shopping center.
      1035-1173 62Nd Ave N, St Petersburg, FL 33702
      View Details
    • Contact for pricing
      25,806 SF

      Baypoint Retail: St. Petersburg, FL

      Prime Retail Space: St. Petersburg, Florida.
      805 Executive Center Dr, St. Petersburg, FL 33702
      View Details
    • Contact for pricing
      684,425 SF

      St. Petersburg Retail Space for Lease

      Prime Retail, Multiple Units Available
      9450 Koger Blvd, St. Petersburg, FL 33702
      View Details
    • Contact for pricing
      2,725 SF

      Retail Space with High Visibility

      Retail space with easy access to major transportation routes.
      11270 N 4Th St, St Petersburg, FL 33702
      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.
    10568 Gandy N Blvd
    Saint Petersburg, FL 33702-1422
    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.
    Sign Up Successful!
    You now have access to more from Realmo!