Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3315 58th S Ave, Unit 601 Saint Petersburg, FL 33712-4567

    • Residential income homes
    • 887 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5451480
    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

    • The Wave Condos / Condominium Complex
    • Back to the Basics / Carpet Cleaning Service
    • Home / Condominium Complex

    Property Details for 3315 58th S Ave

    Year built
    1962
    Construction
    WOOD FRAME
    Property size
    887 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    11-32-16-95203-000-6010
    APU
    113216952030006010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6781
    Latitude
    27.7161
    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
    $310
    $0.00
    $0.00
    $40,631
    -
    $0.00
    $108,340
    $108,340

    Comparable in this City

    • Value Estimation by Request
      870 SF

      5525 21st S St, Unit 204

      APARTMENT HOUSE (UNDER 5 UNITS) • 870 SF
      5525 21st S St, St Petersburg, FL 33712-4873
      View Details
    • Value Estimation by Request
      780 SF

      5515 21st S St, Unit 206

      APARTMENT HOUSE (UNDER 5 UNITS) • 780 SF
      5515 21st S St, St Petersburg, FL 33712-4802
      View Details
    • Value Estimation by Request
      1,200 SF

      2175 57th S Ave, Unit 2105

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,200 SF
      2175 57th S Ave, St Petersburg, FL 33712-4819
      View Details
    • Value Estimation by Request
      870 SF

      5540 21st S Way, Unit 906

      APARTMENT HOUSE (UNDER 5 UNITS) • 870 SF
      5540 21st S Way, St Petersburg, FL 33712-4810
      View Details
    • Value Estimation by Request
      910 SF

      3001 58th S Ave, Unit 907

      APARTMENT HOUSE (UNDER 5 UNITS) • 910 SF
      3001 58th S Ave, Saint Petersburg, FL 33712-4624
      View Details
    • Value Estimation by Request
      870 SF

      5520 21st S Way, Unit 909

      APARTMENT HOUSE (UNDER 5 UNITS) • 870 SF
      5520 21st S Way, St Petersburg, FL 33712-4808
      View Details

    Similar Nearby for Sale

    • $1,300,000
      3,589 SF

      Renovated Multifamily Property Near Central Ave

      Completely renovated 6-unit property near Central Ave in St. Petersburg.
      2745 2Nd Ave S, St Petersburg, FL 33712
      View Details
    • $489,900
      1,880 SF

      Updated Duplex with Detached ADU

      Two residences on one lot, perfect for rental income.
      1430 29Th St S, St Petersburg, FL 33712
      View Details
    • New
      $425,000
      1,786 SF

      St. Petersburg Duplex Opportunity

      Well-maintained duplex in Campbell Park, St. Petersburg. Great investment!
      901 12Th St S, St Petersburg, FL 33712
      View Details
    • $449,000
      1,656 SF

      Renovated St. Petersburg Duplex

      Income-generating duplex with two units, renovated in 2021.
      1743 Yale St S, St Petersburg, FL 33712
      View Details
    • $475,000
      1,304 SF

      Updated Duplex Near Arts District

      Two-unit property near St. Petersburg's vibrant entertainment corridor.
      2834 Freemont Ter S, St Petersburg, FL 33712
      View Details
    • New
      $1,340,900
      5,143 SF

      St. Petersburg Multifamily Investment Opportunity

      Cash-flowing multifamily property with development potential in St. Petersburg, FL.
      2722 14Th Ave S, St Petersburg, FL 33712
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      18,588 SF

      St. Pete Factory Space Available

      Creative Office/Warehouse Suites, 1,772-7,529 SF
      2606 Fairfield Ave, St. Petersburg, FL 33712
      View Details
    • $2,850,000
      8,370 SF

      Warehouse in Central Arts District

      Warehouse space in a rapidly developing urban area.
      1922 Central Ave, Saint Petersburg, FL 33712
      View Details
    • $32 SF/Yr
      1,200 SF

      3270 Central Ave

      Shopping centers
      3270 Central Ave, St. Petersburg, FL 33712
      View Details
    • $29 SF/Yr
      3,656 SF

      Restaurant Space with Kitchen

      Restaurant space featuring a hood and Ansul system.
      1847 1St Ave N, St Petersburg, FL 33712
      View Details
    • $16 SF/Yr
      27,758 SF

      Warehouse Arts District Gem

      St. Pete industrial space, flexible options
      2233 3Rd Ave, St. Petersburg, FL 33712
      View Details
    • $15,600 /Mo

      St. Petersburg Specialty Property Available

      Specialty property for rent in St. Petersburg, Florida.
      1709 18Th Ave S 1, St Petersburg, FL 33712
      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.
    3315 58th S Ave, Unit 601
    Saint Petersburg, FL 33712-4567
    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

    Google sign-in failed. Please try again or use another login method.