Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1661 Commerce N Ave Saint Petersburg, FL 33716-4205
    Back to Search
    Property profile & analytics

    1661 Commerce N Ave, Saint Petersburg, FL 33716-4205

    View on Map
    • Warehouses
    • 9,256 SF
    • 3.56 lot acres
    Off-Market
    Property ID
    US18-3324073
    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
    $3,305,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • STS International Inc / Engineering Consultant
    • Low Slope Solutions / Corporate Office

    Property Details for 1661 Commerce N Ave

    Year built
    1986
    Construction
    CONCRETE BLOCKS
    Lot size
    3.56 lot acres
    Property type
    Warehouses
    APN
    24-30-16-57482-002-0200
    APU
    243016574820020200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 30, 2019 — Hupp Metropointe LLC — Loan Modification · related $5.3M · Td Bk NA
    Aug 3, 2017 $6,555,000 Hupp Metropointe LLC Tampa Industrial II Associates LLC Special Warranty Deed $4.6M · Td Bank NA
    Apr 18, 2016 $5,513,300 Tampa Industrial II Assocs LLC Evergreen Propco Vi LLC Grant Deed —
    Aug 11, 2015 $15,000,000 Evergreen Propco Vi LLC Fleeman,jeffrey & John Grant Deed $50.8M · Miscellaneous Ins Co
    Jun 15, 2001 $7,250,000 3 Jg Trust Carlyle/fr Investors LLC Grant Deed $6.1M · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,303,000
      Market price range: $1.34M - $3.30M
      AI Estimate
      $3,303,000
      Market price range: $1.34M - $3.30M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,235,000
      Current use
      AUTO REPAIR, GARAGE
      $3,230,000
      Change: +45% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,945,000
      Change: +32% Conversion: Moderate
      OFFICE BUILDING
      $2,750,000
      Change: +23% Conversion: Difficult
      RETAIL STORES
      $2,185,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.656
    Latitude
    27.8597
    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
    $40,241
    $0.00
    $0.00
    $2,380,000
    -
    $709,435
    $1,670,565
    $2,380,000

    Comparable in this City

    • Value Estimation
      $1,980,000
      8,224 SF

      1700 Commerce N Ave

      WAREHOUSE, STORAGE
      1700 Commerce N Ave, Saint Petersburg, FL 33716-4206
      View Details
    • Value Estimation
      $980,000
      6,000 SF

      3153 118th N Ave

      WAREHOUSE, STORAGE
      3153 118th N Ave, Saint Petersburg, FL 33716-1865
      View Details
    • Value Estimation
      $2,295,000
      8,645 SF

      12100 31st N Ct

      WAREHOUSE, STORAGE
      12100 31st N Ct, Saint Petersburg, FL 33716-1827
      View Details
    • Value Estimation
      $1,515,000
      4,250 SF

      10465 Oak NE St

      MINI-WAREHOUSE, STORAGE
      10465 Oak NE St, Saint Petersburg, FL 33716
      View Details
    • Value Estimation
      $1,800,000
      5,040 SF

      10891 Oak NE St

      MINI-WAREHOUSE, STORAGE
      10891 Oak NE St, Saint Petersburg, FL 33716-3303
      View Details
    • Value Estimation
      $11,305,000
      47,489 SF

      9965 18th N St

      WAREHOUSE, STORAGE
      9965 18th N St, Saint Petersburg, FL 33716-4225
      View Details

    Similar Nearby for Sale

    • $20,460,000

      St. Petersburg Office/Warehouse Facility

      124,000 SF office/warehouse with heavy power and parking.
      2400 118Th Ave North, St Petersburg, FL 33716
      View Details
    • Contact for pricing

      Flex Industrial Park For Sale

      Modern, flexible flex industrial park with customizable spaces.
      2810-2860 Scherer Dr N, Saint Petersburg, FL 33716
      View Details
    • Contact for pricing
      67,521 SF

      Carillon Parkway Entertainment Property

      Entertainment property available for sale on Carillon Parkway.
      220 Carillon Pkwy, St Petersburg, FL 33716
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      119,477 SF

      Available Industrial Space Near Highway

      Industrial property with highway access, near airports and downtown.
      2590 Gateway Center Pkwy, Saint Petersburg, FL 33716
      View Details
    • Contact for pricing
      146,539 SF

      Saint Petersburg Warehouse Space Available

      Available warehouse space near major transportation routes in Saint Petersburg.
      2795 Gateway Center Pkwy, Saint Petersburg, FL 33716
      View Details
    • Contact for pricing
      119,477 SF

      Industrial Space Near Transportation Hubs

      Spacious industrial property with convenient access to major transportation routes.
      2580 Gateway Center Pkwy, Saint Petersburg, FL 33716
      View Details
    • Contact for pricing
      25,223 SF

      Air-Conditioned Warehouse with Mezzanine

      25,223 SF warehouse with office and mezzanine space.
      2540 118Th Ave N, Saint Petersburg, FL 33716
      View Details
    • Contact for pricing
      92,838 SF

      St. Petersburg Warehouse Space Available

      92,838 SF warehouse near major transportation routes.
      2690 Gateway Center Pkwy, St Petersburg, FL 33716
      View Details
    • Contact for pricing

      St. Petersburg Industrial Building For Rent

      12,418 SF industrial building with office space in St. Petersburg.
      11801 28Th St, St Petersburg, FL 33716
      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.
    1661 Commerce N Ave
    Saint Petersburg, FL 33716-4205
    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
    1661 Commerce N Ave, Saint Petersburg, FL, 33716
    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!