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    1745 1st S Ave Saint Petersburg, FL 33712-1303
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    Property profile & analytics

    1745 1st S Ave, Saint Petersburg, FL 33712-1303

    View on Map
    • Retail space
    • 2,440 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US18-2148952
    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
    $670,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1745 1st S Ave

    Year built
    1949
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property type
    Retail space
    APN
    24-31-16-29718-017-0110
    APU
    243116297180170110

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 13, 2022 — Maple Multi Family Land Se LP Jrz Properties LLC Agreement Of Sale —
    Apr 23, 2019 — Jrz Properties LLC — Deed · related $150k · Wells Fargo Bk
    Feb 18, 2019 $100 Jrz Properties LLC Proscenium LLC Quit Claim Deed · related —
    Oct 19, 2005 $250,000 Proscenium LLC Hh 1 LLC Other $200k · Wachovia Bank NA
    — — Jrz Properties LLC — Loan Modification · related $150k · Wells Fargo Bk
    — — Michael J Noble — Deed Of Trust · related $200k · First Commercial Bank Of Tampa
    — — Machael Noble — Deed Of Trust · related $29k · Marine Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $670,000
      Market price range: $341k - $870k
      AI Estimate
      $670,000
      Market price range: $341k - $870k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $575,000
      Current use
      WAREHOUSE, STORAGE
      $865,000
      Change: +50% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $850,000
      Change: +48% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $775,000
      Change: +35% Conversion: Moderate
      OFFICE BUILDING
      $725,000
      Change: +26% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6573
    Latitude
    27.7705
    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
    $7,957
    $0.00
    $0.00
    $455,000
    -
    $366,940
    $88,060
    $455,000

    Comparable in this City

    • Value Estimation
      $820,000
      2,304 SF

      2060 1st S Ave

      RETAIL STORES (PERSONAL SERVICES)
      2060 1st S Ave, Saint Petersburg, FL 33712-1202
      View Details
    • Value Estimation
      $1,040,000
      2,910 SF

      2662 Central Ave

      RETAIL STORES (PERSONAL SERVICES)
      2662 Central Ave, Saint Petersburg, FL 33712-1152
      View Details
    • Value Estimation
      $915,000
      3,750 SF

      3301 Pinellas Pt S Dr

      RETAIL STORES (PERSONAL SERVICES)
      3301 Pinellas Pt S Dr, Saint Petersburg, FL 33712-5421
      View Details
    • Value Estimation by Request
      1,512 SF

      1940 22nd S Ave

      RETAIL STORES (PERSONAL SERVICES)
      1940 22nd S Ave, Saint Petersburg, FL 33712-3156
      View Details
    • Value Estimation by Request
      2,435 SF

      2200 22nd S Ave

      RETAIL STORES (PERSONAL SERVICES)
      2200 22nd S Ave, Saint Petersburg, FL 33712-3126
      View Details
    • Value Estimation by Request
      3,200 SF

      1228 28th S St

      RETAIL STORES (PERSONAL SERVICES)
      1228 28th S St, Saint Petersburg, FL 33712-1910
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,695 SF

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      Single tenant, net lease investment in St. Petersburg's Arts District.
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    • $449,000
      1,740 SF

      Freestanding Commercial Building Near Downtown

      Corner-lot property with flexible layout, suitable for retail/service uses.
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      St. Pete Mixed-Use Development Opportunity

      Prime mixed-use development site in the Warehouse Arts District.
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      Pending

      Commercial Building in Grand Central

      Commercial building in downtown St. Petersburg's Grand Central District.
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      1,320 SF

      Restaurant Opportunity on Central Ave

      Existing restaurant property with parking in a prime location.
      2950 Central Ave, St Petersburg, FL 33712
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      1,740 SF

      Freestanding Commercial Building Near Downtown

      Corner-lot property near downtown St. Petersburg with retail/service potential.
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    Similar Nearby for Lease

    • Contact for pricing
      11,356 SF

      Retail Space in St Petersburg

      Retail space available for lease in St Petersburg, Florida.
      2232 2Nd Ave South, St Petersburg, FL 33712
      View Details
    • Contact for pricing
      5,800 SF

      Retail Space Near Gas Plant

      Retail space adjacent to planned historic district redevelopment.
      201 17Th St S, St Petersburg, FL 33712
      View Details
    • Contact for pricing

      St. Petersburg's Dynamic Mixed-Use Facility

      Thriving creative community with retail, office, and entertainment spaces.
      2606 Fairfield Ave S, St Petersburg, FL 33712
      View Details
    • Contact for pricing

      Warehouse Arts District Flex Space

      Renovated building in St. Pete's Warehouse Arts District.
      2200 2Nd Ave S, St Petersburg, FL 33712
      View Details
    • Contact for pricing

      Retail Shopping Center on Central

      19,016 SF retail shopping center in St. Petersburg, FL.
      3270 Central Ave, St Petersburg, FL 33712
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Near Publix

      Retail space adjacent to Publix in St. Petersburg, Florida.
      2810-3030 54Th Ave S, St Petersburg, FL 33712
      View Details
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    1745 1st S Ave
    Saint Petersburg, FL 33712-1303
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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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