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Property profile & analytics
OFF-MARKET Estimated value $2,880,000
Warehouses

3291 40th N Ave Saint Petersburg, FL 33714-4512

15,625 SF 0.56 ac lot Built 2003
Individually Owned 28-yr Hold Absentee Owner Free & Clear
Property ID
US18-3247438
Property summary
AI-generated overview

This exceptional industrial property, located at 3291 40th Ave N in St. Petersburg, Florida (zip code 33714), presents a compelling investment opportunity. The property encompasses two metal frame warehouse buildings totaling 20,425 square feet, situated on a 24,357 square foot lot. Building A offers 16,675 square feet, including 14,575 square feet of warehouse space and 2,100 square feet of office space. Building B provides an additional 3,750 square feet, with 2,500 square feet of warehouse space and 1,250 square feet of office space. Constructed in 2003 and renovated in 2008, the property boasts impressive features including 14- to 16-foot clear heights, grade-level loading with 14' x 14' and 10' x 12' doors, and exceptional 2,400-amp 3-phase power. The property is zoned CN and benefits from a convenient location near Joe's Creek Industrial Park, providing easy access to both I-275 and US-19. The asking price for this two-story, Class C industrial property is $2,549,000. This property is ideal for a variety of manufacturing and warehousing operations. The combination of size, features, and location makes this a highly desirable asset in the competitive St. Petersburg market.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2003
Construction STEEL FRAME
Total area 15,625 SF
Lot 0.56 ac (24,337 SF)
APN 02-31-16-55314-001-0130
UPID US18-3247438
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
  • The Burg Auto and Body Auto Repair Shop
  • Architectural Woodworking General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.88M
Blend (final) Blend
$2.88M
Owner & transaction history
Architectual Design · 28 yrs held
Architectual Design
since 1998
2 recorded transactions
1998
$54,500
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $4.6M +39.9%
Apartment house (5+ units) $4.5M +36.0%
Retail stores $3.7M +11.1%
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