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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2180 4Th St St. Petersburg, FL 33704

    • Banks
    • 4,148 SF
    • 0.46 lot acres
    For Sale
    View listing
    $4,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2152693
    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.

    Current Use by Public Records

    • Kona Phanly, Mortgage Sales Manager, Lake Michigan Credit Union, NMLS#860950 / Loan Service / Bank
    • LMCU / Credit Union

    Property Details for 2180 4Th St

    Year built
    1974
    Construction
    CONCRETE BLOCKS
    Lot size
    0.46 lot acres
    Property size
    4,148 SF
    Property type
    Banks
    APN
    18-31-17-18792-001-0010
    APU
    183117187920010010

    Description

    This exceptional investment opportunity presents a 4,148 square foot bank building located at 2180 4th St N, St. Petersburg, Florida, 33704, in Pinellas County. The property sits on a 0.46-acre lot and offers a strong net lease (NNN) structure with a credit-rated tenant. The current asking price is $4,400,000, yielding a compelling 3.96% cap rate. The building boasts a high net operating income (NOI) of $174,453. The tenant, Lake Michigan Credit Union, has a proven track record and has recently exercised a five-year lease option renewal, ensuring long-term stability. The lease includes annual rent bumps of 3%, providing consistent growth in rental income. The initial occupancy date was November 1, 2018, and the lease includes two five-year renewal options. This prominent corner location on 4th Street and 22nd Avenue offers excellent visibility and accessibility. The property's strong financials, secure lease terms, and prime location make it an ideal addition to any investment portfolio. This is a true NNN lease, minimizing landlord responsibilities and maximizing passive income potential. Don't miss this chance to acquire a high-performing, low-maintenance investment property in a thriving Florida market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,651,000
      Market price range: $1.03M - $3.01M
      AI Estimate
      $2,651,000
      Market price range: $1.03M - $3.01M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $2,010,000
      Current use
      COMMERCIAL (GENERAL)
      $2,490,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.639
    Latitude
    27.7919
    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
    $31,575
    $0.00
    $0.00
    $1,590,000
    -
    $1,108,378
    $481,622
    $1,590,000

    Comparable in this City

    • Value Estimation
      $2,045,000
      3,752 SF

      3505 4th N St

      FINANCIAL BUILDING • 3,752 SF
      3505 4th N St, Saint Petersburg, FL 33704-1309
      View Details
    • Value Estimation
      $1,795,000
      3,096 SF

      3400 4th N St

      FINANCIAL BUILDING • 3,096 SF
      3400 4th N St, Saint Petersburg, FL 33704-1308
      View Details
    • Value Estimation
      $2,885,000
      4,524 SF

      3740 4th N St

      FINANCIAL BUILDING • 4,524 SF
      3740 4th N St, Saint Petersburg, FL 33704-1314
      View Details
    • Value Estimation
      $2,875,000
      4,010 SF

      2646 4th N St

      FINANCIAL BUILDING • 4,010 SF
      2646 4th N St, Saint Petersburg, FL 33704-2808
      View Details
    • Value Estimation
      $2,195,000
      7,371 SF

      301 38th N Ave

      FINANCIAL BUILDING • 7,371 SF
      301 38th N Ave, Saint Petersburg, FL 33704-1331
      View Details
    • Value Estimation
      $2,710,000
      5,781 SF

      182 37th N Ave

      FINANCIAL BUILDING • 5,781 SF
      182 37th N Ave, Saint Petersburg, FL 33704-1401
      View Details

    Similar Nearby for Sale

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      Prime St. Pete Bank Investment

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    Similar Nearby for Lease

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      Available Office Space Near Hospital

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    • Contact for pricing
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      St. Petersburg Office Space for Lease

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      View Details
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    St. Petersburg, FL 33704
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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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