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Property profile & analytics
OFF-MARKET
Retail space
1201 Central Ave Saint Petersburg, FL 33705-1652
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-7335585
Property summary
AI-generated overview
This exceptional 750-square-foot retail space, located at 1201 Central Avenue in St. Petersburg, Florida's vibrant EDGE District, presents a unique opportunity for a food and beverage establishment. Built in 1940 and completely renovated in 2023, this Class A property boasts a single-story building on a 2,800-square-foot lot. The property is zoned DC-1 and benefits from high foot traffic due to its proximity to popular restaurants and entertainment venues such as Intermezzo, Hawkers, Sourdough Co., Bodega, Green Bench Brewery, and a candle-making experience. The single-tenancy building offers ample space for a restaurant concept seeking to capitalize on the area's bustling culinary and entertainment scene. The property features no elevators. This is an ideal location for a business looking to establish itself in one of St. Petersburg's most desirable and sought-after districts. The entire 750 square feet is currently vacant and ready for immediate occupancy. This prime retail space offers a chance to become part of St. Petersburg's thriving downtown area.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
CONCRETE BLOCKS
Total area
720 SF
Lot
0.06 ac (2,779 SF)
APN
24-31-16-14544-000-1080
UPID
US18-7335585
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ee 1201 Ctrl Ave Holdings LLC · 8 yrs held
Ee 1201 Ctrl Ave Holdings LLC
since 2018
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saint Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Petersburg submarket · NOI estimate · typical band, median & reading
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8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,296
Tax year 2023
Assessed value
$575,100
Assessed 2023
Previous assessed
$538,050
+6.9% YoY
Effective rate
1.44%
On assessed value
Land market value
$559,322
Improvement market value
$15,778
Total market value
$575,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
720 SF
Lot
0.06 ac (2,779 SF)
APN
24-31-16-14544-000-1080
UPID
US18-7335585
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1940
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Ee 1201 Ctrl Ave Holdings LLC
Entity
Free & Clear · 8 yrs held
Mailing address
200 2ND AVE S #466, SAINT PETERSBURG, FL 33701-4313
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2018
$250,000
Ee 1201 Ctrl Ave Holdings LLC
Warhitch INC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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