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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Warehouses
1510 1st N Ave Saint Petersburg, FL 33705-1510
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5524422
Property summary
AI-generated overview
This exceptional St. Petersburg, FL property presents a unique redevelopment opportunity or a prime retail/restaurant/bank location. Situated on a 11,400 sq ft lot at 1510 1st Ave N, this 4,520 sq ft building offers significant potential. Built in 1949 by Florida Power, the structure boasts impressive features including a 16-inch thick Art Deco facade, double-door entryways, generous retail windows, and high (at least 11 ft) ceilings. The interior comprises approximately 4,090 sq ft of showroom, office, and warehouse space, plus a 430 sq ft basement and a loft area. Ample parking (30 spaces) is provided. The property benefits from superior DC-1 zoning, allowing for a 3.0 FAR, with bonus potential up to 5.0 or even 8.0 FAR with appropriate approvals. Maximum building heights range from 125 ft to 200 ft, depending on approvals. This location is ideally situated near three vibrant downtown shopping and dining districts (The Edge District, Warehouse Arts District, and Grand Central District), Tropicana Field, and major thoroughfares. The asking price is $3,999,000. A separate marine business currently operating within the building is also available for purchase.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1949
Construction
CONCRETE BLOCKS
Total area
4,520 SF
Lot
0.27 ac (11,927 SF)
APN
24-31-16-14544-000-0570
UPID
US18-5524422
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
Current use
Occupant on record · Public records
-
Yacht Power Products Inc Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.62M
Owner & transaction history
Michael Lloyd Enterprises · 3 yrs held
Michael Lloyd Enterprises
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+44.7%
Neighborhood: shopping center
$1.4M
+31.8%
Office building
$1.3M
+23.2%
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
Refine your cap rate
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)
Refine in 60 seconds, get exact suggested price
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,090,000
Current use
AUTO REPAIR, GARAGE
$1,575,000
Change: +45% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,435,000
Change: +32% · Conversion: Moderate
OFFICE BUILDING
$1,345,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$1,065,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$357 / SF
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
$12,960
Tax year 2023
Assessed value
$1,150,000
Assessed 2023
Previous assessed
$1,050,000
+9.5% YoY
Effective rate
1.13%
On assessed value
Land market value
$943,619
Improvement market value
$206,381
Total market value
$1,150,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1949
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
4,520 SF
Lot
0.27 ac (11,927 SF)
APN
24-31-16-14544-000-0570
UPID
US18-5524422
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1949
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Michael Lloyd Enterprises
Entity
Free & Clear · 3 yrs held
Mailing address
1510 1ST AVE N, ST PETERSBURG, FL 33705-1510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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 17, 2023
—
Michael Lloyd Enterprises
Lloyd Enterprises INC
Quit Claim Deed
related
—
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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