Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2235 16th N Ave Saint Petersburg, FL 33713-5623
    Property profile & analytics

    2235 16th N Ave, Saint Petersburg, FL 33713-5623

    View on Map
    • Warehouses
    • 4,802 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Apr 26, 2024
    $1,000,000
    Property ID
    US18-3144410
    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
    $1,000,000
    Show details
    Cap Rate Potential
    4%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Bayprint / Marketing & Advertising / Printing Service

    Property Details for 2235 16th N Ave

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.21 lot acres
    Property type
    Warehouses
    APN
    14-31-16-27954-002-0090
    APU
    143116279540020090

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 26, 2024 $1,000,000 Bayfront 16th Ave North LLC Karnavicius LLC Warranty Deed $1.2M · Td Bank NA
    Oct 29, 2018 — Karnavicius LLC — Deed · related $30k · Freedom Bank
    Apr 3, 2007 — Parsons Quentin C Living Trust Parsons,quentin C Quit Claim Deed · related —
    Apr 3, 2007 $570,000 Karnavicius LLC Quentin C Parsons Deed $600k · Freedom Bank Of America
    — — Karnavicius LLC — Deed Of Trust · related $75k · Freedom Bank America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,000,000
      ML approach
      $1,000,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $675,000
      6.5%
      $620,000
      7%
      $580,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,176,000
      Market price range: $737k - $1.58M
      AI Estimate
      $1,176,000
      Market price range: $737k - $1.58M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,235,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,525,000
      Change: +24% Conversion: Moderate
      OFFICE BUILDING
      $1,415,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $1,135,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6638
    Latitude
    27.7874
    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
    $7,554
    $0.00
    $0.00
    $445,000
    -
    $137,324
    $307,676
    $445,000

    Comparable in this City

    • Value Estimation
      $3,410,000
      22,217 SF

      2600 22nd N St

      WAREHOUSE, STORAGE
      2600 22nd N St, Saint Petersburg, FL 33713-4012
      View Details
    • Value Estimation
      $765,000
      3,840 SF

      2826 23rd N Ave

      WAREHOUSE, STORAGE
      2826 23rd N Ave, Saint Petersburg, FL 33713-4211
      View Details
    • Value Estimation by Request
      1,080 SF

      3118 23rd N Ave

      WAREHOUSE, STORAGE
      3118 23rd N Ave, Saint Petersburg, FL 33713-3707
      View Details
    • Value Estimation
      $1,800,000
      10,750 SF

      2860 23rd N Ave

      WAREHOUSE, STORAGE
      2860 23rd N Ave, Saint Petersburg, FL 33713-4211
      View Details
    • Value Estimation
      $4,060,000
      26,448 SF

      2540 26th N Ave

      STORAGE YARD, OPEN STORAGE
      2540 26th N Ave, Saint Petersburg, FL 33713-3929
      View Details
    • Value Estimation by Request
      2,040 SF

      2520 27th N Ave

      WAREHOUSE, STORAGE
      2520 27th N Ave, Saint Petersburg, FL 33713-3935
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,557 SF

      Fully Conditioned Industrial Flex Asset

      Rare, fully air-conditioned industrial asset with exceptional flexibility in St. Petersburg.
      3662 Morris St N, St Petersburg, FL 33713
      View Details
    • Contact for pricing
      4,488 SF

      St. Petersburg Flex Space Building

      4,488 SF flex building with warehouse and residential unit.
      2254 16Th Ave N, St Petersburg, FL 33713
      View Details
    • Contact for pricing
      83,000 SF

      Warehouse Space in St. Petersburg

      83,000 SF warehouse space available for lease.
      1301 34Th St N, St Petersburg, FL 33713
      View Details
    • Contact for pricing

      Approved Multifamily Development Opportunity

      Land for 33 new construction rental apartments in St. Petersburg.
      1750 2Nd Ave N, St Petersburg, FL 33713
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,984 SF

      Prime Retail Space For Rent

      High-traffic retail space near home improvement stores.
      2599 N 22Nd Ave, St Petersburg, FL 33713
      View Details
    • Contact for pricing

      Flex Office and Clear-Span Warehouse

      Lease finished office space with a fully insulated, air-conditioned warehouse and fenced yard for secure operations.
      1363 22Nd St North, St Petersburg, FL 33713
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 250 square feet.
      1725 28Th St N, St Petersburg, FL 33713
      View Details
    • Contact for pricing

      Central Avenue Retail Opportunity

      Prime retail spaces available on vibrant Central Avenue.
      2817 Central Ave, St Petersburg, FL 33713
      View Details
    • Contact for pricing
      2,135 SF

      Adaptable Office Space Available

      Flexible office space with ample parking and high visibility.
      2958 1St Ave N, Saint Petersburg, FL 33713
      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.
    2235 16th N Ave
    Saint Petersburg, FL 33713-5623
    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
    2235 16th N Ave, Saint Petersburg, FL, 33713
    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!