Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1200 16th N St Saint Petersburg, FL 33705-1033
    Property profile & analytics

    1200 16th N St, Saint Petersburg, FL 33705-1033

    View on Map
    • Office buildings
    • 3,008 SF
    • 0.25 lot acres
    Off-Market
    Last Sale Jan 3, 2025
    $718,000
    Property ID
    US18-8061296
    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.
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    8.3%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Corporate Fitness Works / Business Management Consultant / Gym

    Property Details for 1200 16th N St

    Year built
    1976
    Construction
    CONCRETE BLOCKS
    Lot size
    0.25 lot acres
    Property type
    Office buildings
    APN
    13-31-16-51390-000-0060
    APU
    133116513900000060

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 3, 2025 $718,000 Key Surgical LLC Mbvivco2 LLC Warranty Deed $572k · The Bank Of Tampa
    May 5, 2022 $580,000 Mbvivco2 LLC Marrband Warranty Deed $450k · Truist Bank
    Jan 4, 2010 $345,000 Marrband 16th Street Bull Pen Props INC Warranty Deed —
    Apr 9, 2005 $290,000 16th Street Bull Pen Props INC Pinellas Orthotics & Prostheti Warranty Deed $233k · Amsouth Bank
    — — Marrband LLP — Deed Of Trust · related $500k · Branch Bk&tr
    — — Orthotics Pinellas — Deed Of Trust · related $90k · Individual

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $605,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $830,000
      6.5%
      $765,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $796,000
      Market price range: $604k - $1.29M
      AI Estimate
      $796,000
      Market price range: $604k - $1.29M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $895,000
      Current use
      AUTO REPAIR, GARAGE
      $1,050,000
      Change: +17% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $955,000
      Change: +7% Conversion: Difficult
      WAREHOUSE, STORAGE
      $725,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6552
    Latitude
    27.7838
    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
    $9,631
    $0.00
    $0.00
    $485,000
    -
    $247,049
    $237,951
    $485,000

    Comparable in this City

    • Value Estimation by Request
      2,120 SF

      1401 9th N Ave

      OFFICE BUILDING
      1401 9th N Ave, Saint Petersburg, FL 33705-1222
      View Details
    • Value Estimation by Request
      1,028 SF

      1033 7th N Ave

      PROFESSIONAL BUILDING
      1033 7th N Ave, Saint Petersburg, FL 33705-1305
      View Details
    • Value Estimation by Request
      746 SF

      1015 7th N Ave

      OFFICE BUILDING
      1015 7th N Ave, Saint Petersburg, FL 33705-1307
      View Details
    • Value Estimation by Request
      1,800 SF

      1757 16th S St

      OFFICE BUILDING
      1757 16th S St, Saint Petersburg, FL 33705-2531
      View Details
    • Value Estimation by Request
      768 SF

      730 16th N St

      OFFICE BUILDING
      730 16th N St, Saint Petersburg, FL 33705-1335
      View Details
    • Value Estimation by Request
      1,328 SF

      920 16th N St

      OFFICE BUILDING
      920 16th N St, Saint Petersburg, FL 33705-1211
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,126 SF

      Vacant Office Building with Development Potential

      Vacant office building or development opportunity for townhomes.
      1213 N 16Th St, St Petersburg, FL 33705
      View Details
    • Contact for pricing
      2,120 SF

      Freestanding Office Building Near Downtown

      2,120 SF office building in St. Petersburg for sale.
      1401 9Th Ave N, St Petersburg, FL 33705
      View Details
    • Contact for pricing
      2,496 SF

      Turnkey Medical Office in St. Petersburg

      Fully built-out medical office ready for new owners/users.
      1152 62Nd Ave S, St Petersburg, FL 33705
      View Details
    • Contact for pricing
      2,378 SF

      Medical Office Near St. Anthony's

      Medical office space near hospital with easy highway access.
      721 11Th St N, Saint Petersburg, FL 33705
      View Details
    • Contact for pricing
      1,028 SF

      Free Standing Medical Office Building

      Medical office building near St. Anthony's Hospital with parking.
      1033 7Th Ave N, St Petersburg, FL 33705
      View Details
    • Contact for pricing
      8,376 SF

      Mixed-Use Buildings with Parking

      Three buildings with parking near downtown St. Petersburg.
      1315 9Th Ave N, St Petersburg, FL 33705
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      EDGE District Mixed-Use Building

      Renovated mixed-use building with retail and office space for lease.
      1246 Central Ave, St Petersburg, FL 33705
      View Details
    • Contact for pricing
      2,847 SF

      Medical Office Space Downtown St.

      Prime downtown location near hospitals, ideal for healthcare professionals.
      501 Dr Martin Luther King Jr St S, Saint Petersburg, FL 33705
      View Details
    • New
      $1,800 /Mo
      3,079 SF

      Renovated Flex Space with ADA Access

      Renovated mixed-use space with an open layout, epoxy floors, and an ADA bathroom for flexible office or light industrial use.
      313 18Th Ave S, St Petersburg, FL 33705
      View Details
    • Contact for pricing

      Central Avenue Commercial Space Available

      Retail and office spaces for rent on Central Avenue.
      900 Central Ave, St Petersburg, FL 33705
      View Details
    • Contact for pricing

      Second Floor Office Space

      Office space available for rent on the second floor.
      25 Dr. M.l.k. Jr St S, St Petersburg, FL 33705
      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.
    1200 16th N St
    Saint Petersburg, FL 33705-1033
    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

    Thank You for Inquiry
    1200 16th N St, Saint Petersburg, FL, 33705
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!