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Property profile & analytics
OFF-MARKET Estimated value $4,175,000
Manufacturing properties

2233 3rd S Ave Saint Petersburg, FL 33712-1217

26,922 SF 1.14 ac lot Built 1959
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US18-4584054
Property summary
AI-generated overview

This exceptional 27,758-square-foot industrial property in St. Petersburg's Warehouse Arts District offers flexible lease options ranging from 8,000 to 27,758 square feet. Located at 2233 3rd Ave S, this single-story, 1959 building underwent a complete renovation in 2020, boasting 14-foot ceilings, two dock-high doors, and ample parking (50 spaces). The property features 4,800 square feet of modern, air-conditioned office space with a chic industrial design, including ADA-compliant restrooms, a glass-walled conference room, and private offices. The remaining 21,458 square feet comprises a fully air-conditioned warehouse. An additional 1,500 square feet of warehouse space with four more dock-high roll-up doors will be available in Q1 2024, with a right of first refusal offered at the same rate. The property is zoned IT (Industrial Traditional), allowing for diverse uses such as creative studios, breweries, light and heavy manufacturing, warehousing, distribution, and more. It benefits from 1200 AMPS of 3-phase power and convenient loading/unloading. The 0.97-acre lot offers the potential for expansion, with the possibility of combining this space with an adjacent 40,000-square-foot property for a single tenant. This prime location is minutes from I-275 and downtown St. Petersburg, offering excellent access and visibility within a thriving, eclectic district. The APN is 23-31-16-78390-030-0090.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 26,922 SF
Lot 1.14 ac (49,850 SF)
APN 23-31-16-78390-030-0090
UPID US18-4584054
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
  • Engineered Fluids, Inc. Chemical Plant Factory
  • Gulf & Bay Dock Works, LLC Construction Company General Contractor
  • Gulf and Bay Dock Works, LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.04M
Comparable Approach Comparable
$5.68M
Blend (final) Blend
$4.18M
Owner & transaction history
Trisland Holdings INC
Trisland Holdings INC
since 2025
Last sale
$2.7M
7 recorded transactions
2025
$2.7M
2022
$4.1M
2019
$2.1M
2013
$1.0M
2008
$990,000
2004
$770,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $6.4M +32.9%
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