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

    120 Carillon Pkwy Saint Petersburg, FL 33716-1201

    • Grocery and convenience stores
    • 34,224 SF
    • 2.44 lot acres
    OFF-MARKET
    Value Estimations
    $7,740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2706324
    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

    • Charles V. Platania, RPH / Pharmacy
    • City National Bank - Presto ATM / Atm
    • Publix Liquors at Carillon Town Center / (Bike/Boat/Book/etc) Store
    • Publix Pharmacy at Carillon Town Center / Pharmacy
    • Publix Super Market at Carillon Town Center / Specialty Food Shop / Supermarket

    Property Details for 120 Carillon Pkwy

    Year built
    2003
    Construction
    CONCRETE BLOCKS
    Lot size
    2.44 lot acres
    Property size
    34,224 SF
    Property type
    Grocery and convenience stores
    APN
    12-30-16-13183-000-0010
    APU
    123016131830000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,739,000
      Market price range: $4.79M - $12.2M
      AI Estimate
      $7,739,000
      Market price range: $4.79M - $12.2M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $8,080,000
      Current use
      AUTO REPAIR, GARAGE
      $11,945,000
      Change: +48% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $10,885,000
      Change: +35% Conversion: Moderate
      OFFICE BUILDING
      $10,170,000
      Change: +26% Conversion: Easy
      WAREHOUSE, STORAGE
      $8,255,000
      Change: +2% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $6,585,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6621
    Latitude
    27.893
    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
    $104,258
    $0.00
    $0.00
    $5,250,000
    -
    $1,842,201
    $3,407,799
    $5,250,000

    Comparable in this City

    • Value Estimation
      $2,570,000
      2,976 SF

      11590 4th N St

      CONVENIENCE STORE • 2,976 SF
      11590 4th N St, Saint Petersburg, FL 33716-2943
      View Details
    • Value Estimation
      $7,300,000
      4,717 SF

      10600 Roosevelt N Blvd

      CONVENIENCE STORE • 4,717 SF
      10600 Roosevelt N Blvd, Saint Petersburg, FL 33716-3802
      View Details
    • Value Estimation
      $3,600,000
      5,239 SF

      130 Fountain N Pkwy

      FINANCIAL BUILDING • 5,239 SF
      130 Fountain N Pkwy, Saint Petersburg, FL 33716-1205
      View Details
    • Value Estimation
      $5,320,000
      16,574 SF

      10801 Roosevelt N Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,574 SF
      10801 Roosevelt N Blvd, Saint Petersburg, FL 33716-2341
      View Details
    • Value Estimation by Request
      101,035 SF

      11002 4Th St

      Individual retail properties • 101,035 SF
      11002 4Th St, St. Petersburg, FL 33716
      View Details
    • Value Estimation
      $1,645,000
      3,806 SF

      140 Carillon Pkwy

      FINANCIAL BUILDING • 3,806 SF
      140 Carillon Pkwy, Saint Petersburg, FL 33716-1201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      67,521 SF

      TopGolf Investment Opportunity in St. Petersburg, FL

      Brand-new, NNN-leased TopGolf building.
      220 N Carillon Pky, Saint Petersburg, FL 33716
      View Details
    • $4,000,000
      18,850 SF

      St. Petersburg Condo Portfolio

      24 Units, High ROI, Seller Financing
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    • $11,250,000
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      Saint Petersburg Industrial Gem

      85,558 SF building, 4.22 acres, lease-option
      3051 Tech Dr, Saint Petersburg, FL 33716
      View Details
    • Contact for pricing
      67,521 SF

      220 Carillon Pkwy

      Specialty properties • 67,521 SF
      220 Carillon Pkwy, St. Petersburg, FL 33716
      View Details
    • Contact for pricing

      Cleared Land in St. Petersburg

      Cleared and paved land suitable for retail, commercial, or multifamily.
      36th 112Th Ave, St Petersburg, FL 33716
      View Details

    Similar Nearby for Lease

    • $44 SF/Yr
      15,087 SF

      Echelon City Center Retail Space

      Prime Tampa Bay retail, restaurant space available.
      210 Fountain Pkwy, St. Petersburg, FL 33716
      View Details
    • Contact for pricing
      101,035 SF

      Bayview Shopping Center: Retail Space

      St. Petersburg Retail Center: High-Visibility Location
      11002 4Th St, St. Petersburg, FL 33716
      View Details
    • $35 SF/Yr
      27,700 SF

      New Retail and Office Space

      New retail and office spaces available for lease.
      221 Fountain Pkwy N, St Petersburg, FL 33716
      View Details
    • $25 SF/Yr
      1,000 SF

      Retail Space in Saint Petersburg

      Retail space available in a busy Saint Petersburg shopping center.
      10410-10496 Roosevelt Blvd N, Saint Petersburg, FL 33716
      View Details
    • Contact for pricing

      Carillon Parkway Retail Opportunity

      Retail and automotive property available for rent in St. Petersburg.
      220 Carillon Pkwy N, St Petersburg, FL 33716
      View Details
    • Contact for pricing
      700,000 SF

      Baypoint Commerce Center: St. Pete Retail

      Prime St. Petersburg retail space, multiple units available.
      0 Baypoint Commerce Ctr St, St. Petersburg, FL 33716
      View Details

    Property Visit Statistics

    • Visits by month
      59.7k
    • Visitors by month
      29.1k
    • Avg Time on site
      17 min
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    120 Carillon Pkwy
    Saint Petersburg, FL 33716-1201
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    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
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