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    2033 54th N Ave Saint Petersburg, FL 33714-2002
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    Property profile & analytics

    2033 54th N Ave, Saint Petersburg, FL 33714-2002

    View on Map
    • Office buildings
    • 7,185 SF
    • 0.38 lot acres
    Off-Market
    Last Sale Sep 2, 2021
    $950,000
    Property ID
    US18-4396494
    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
    $1,315,000
    Show details
    Cap Rate Potential
    9.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Tampa Bay Capoeira - St.Pete / Training Center / Sports School
    • Estate Planning Blog / Consultant
    • Vaughan Law Firm, PLLC / Law Firm
    • Short2Long Hair Extensions / Cosmetic Store / Big Box & Wholesale Store
    • RIOTOUS COLOR / (Bike/Boat/Book/etc) Store

    Property Details for 2033 54th N Ave

    Year built
    1986
    Construction
    CONCRETE BLOCKS
    Lot size
    0.38 lot acres
    Property type
    Office buildings
    APN
    36-30-16-63720-000-0160
    APU
    363016637200000160

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 2, 2021 $950,000 Fuma Group LLC Hill Properties Of Pinellas INC Warranty Deed $760k · Iberiabank
    Feb 21, 2005 $640,000 Hill Properties Of Pinellas INC Frank C Hughes III Warranty Deed $580k · Northern Trust Bank Of Florida NA
    Feb 2, 2005 — Fjh Land Trust Hughes,frank C III & Judith L Warranty Deed · related —
    — — Hill Properties Of Pinellas INC — Deed Of Trust · related $451k · Regions Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,985,000
      6.5%
      $1,830,000
      7%
      $1,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,446,000
      Market price range: $1.44M - $3.07M
      AI Estimate
      $1,446,000
      Market price range: $1.44M - $3.07M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,135,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,075,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6609
    Latitude
    27.8214
    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
    $19,213
    $0.00
    $0.00
    $880,000
    -
    $135,276
    $744,724
    $880,000

    Comparable in this City

    • Value Estimation by Request
      1,656 SF

      2114 54th N Ave

      OFFICE BUILDING
      2114 54th N Ave, Saint Petersburg, FL 33714-2047
      View Details
    • Value Estimation by Request
      1,200 SF

      5300 Haines N Rd

      OFFICE BUILDING
      5300 Haines N Rd, Saint Petersburg, FL 33714-1953
      View Details
    • Value Estimation by Request
      2,846 SF

      3215 46th N Ave

      PROFESSIONAL BUILDING
      3215 46th N Ave, Saint Petersburg, FL 33714-3819
      View Details
    • Value Estimation
      $1,060,000
      2,868 SF

      4128 28th N St

      OFFICE BUILDING
      4128 28th N St, Saint Petersburg, FL 33714-3920
      View Details
    • Value Estimation
      $1,675,000
      5,559 SF

      5861 Haines N Rd

      OFFICE BUILDING
      5861 Haines N Rd, Saint Petersburg, FL 33714-1438
      View Details
    • Value Estimation by Request
      780 SF

      6000 Haines N Rd

      OFFICE BUILDING
      6000 Haines N Rd, Saint Petersburg, FL 33714-1442
      View Details

    Similar Nearby for Sale

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      Pending

      High-Visibility Corner Office Building

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      1,885 SF

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      Versatile Commercial Property in St. Pete

      Commercial property suitable for warehouse, retail, distribution, storage, or live-work.
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    • Contact for pricing

      Redevelopment Opportunity on 54th Avenue

      Land parcel in booming area with new zoning.
      3990 54Th Ave N, St Petersburg, FL 33714
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    Similar Nearby for Lease

    • $7,000 /Mo
      1,800 SF

      Corner Lot with High Visibility

      Corner lot with high visibility, ideal for various commercial uses.
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    • $45,600

      Versatile Commercial Space in St. Petersburg

      Commercial space ideal for office, retail, service, or light commercial.
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      Flex Space Near I-275

      Flex space available near I-275 in St. Petersburg, Florida.
      5601 Haines Rd N, St Petersburg, FL 33714
      View Details
    • Contact for pricing
      3,014 SF

      Shell Condition Office Space Available

      Customizable office space in St. Petersburg, FL for lease.
      3801 N 49Th St, St Petersburg, FL 33714
      View Details
    • Contact for pricing
      13,185 SF

      Community Shopping Center For Rent

      Community shopping center with recent renovations and high-traffic location.
      1846 N 62Nd St, St Petersburg, FL 33714
      View Details
    • Contact for pricing

      Prime Outparcel for Lease

      0.5-acre outparcel for ground lease or build-to-suit.
      2575 54Th Ave N, St Petersburg, FL 33714
      View Details
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    Saint Petersburg, FL 33714-2002
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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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