Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3501 1St Ave S St Petersburg, FL 33711
    Property profile & analytics

    3501 1St Ave S, St Petersburg, FL 33711

    View on Map
    • Office buildings
    • 2,628 SF
    • 0.48 lot acres
    For Sale
    $999,000
    View Listing →
    Veterinary Hospital NNN Investment Opportunity For Sale
    $999,000
    2,628 SF

    Veterinary Hospital NNN Investment Opportunity

    NNN leased commercial building in St. Petersburg, fully leased.

    3501 1ST AVENUE S, St Petersburg, FL 33711
    View Listing
    Property ID
    US18-2397519
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oksana Koreckaya, AP / Alternative Medicine Practice / Acupuncture
    • St. Pete Veterinary Hospital / Veterinary Clinic
    • St. Pete Pet Euthanasia / Pet Funeral Service

    Property Details for 3501 1St Ave S

    Year built
    1978
    Construction
    CONCRETE BLOCKS
    Lot size
    0.48 lot acres
    Property type
    Office buildings
    APN
    22-31-16-96219-002-0010
    APU
    223116962190020010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 11, 2005 $200,000 Isra Homes INC American Medicorp Dev Grant Deed —
    May 11, 2005 $462,000 Olivia Realty Holdings LLC Isra Homes INC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $723,000
      Market price range: $528k - $1.12M
      AI Estimate
      $723,000
      Market price range: $528k - $1.12M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $780,000
      Current use
      AUTO REPAIR, GARAGE
      $915,000
      Change: +17% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $835,000
      Change: +7% Conversion: Difficult
      WAREHOUSE, STORAGE
      $635,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6811
    Latitude
    27.7703
    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
    $8,264
    $0.00
    $0.00
    $440,000
    -
    $230,122
    $209,878
    $440,000

    Comparable in this City

    • Value Estimation
      $1,495,000
      4,368 SF

      4134 Central Ave

      OFFICE BUILDING
      4134 Central Ave, Saint Petersburg, FL 33711-1113
      View Details
    • Value Estimation
      $525,000
      1,960 SF

      3738 Central Ave

      OFFICE BUILDING
      3738 Central Ave, Saint Petersburg, FL 33711-1236
      View Details
    • Value Estimation
      $1,160,000
      4,276 SF

      3695 50th S Ave

      PROFESSIONAL BUILDING
      3695 50th S Ave, Saint Petersburg, FL 33711-4526
      View Details
    • Value Estimation
      $555,000
      2,155 SF

      4464 Central Ave

      PROFESSIONAL BUILDING
      4464 Central Ave, Saint Petersburg, FL 33711-1137
      View Details
    • Value Estimation by Request
      942 SF

      3836 Central Ave

      OFFICE BUILDING
      3836 Central Ave, Saint Petersburg, FL 33711-1237
      View Details
    • Value Estimation
      $540,000
      1,978 SF

      4300 Central Ave

      OFFICE BUILDING
      4300 Central Ave, Saint Petersburg, FL 33711-1141
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,796 SF

      St. Petersburg Warehouse with Leased Unit

      Two-unit warehouse with income and owner-user potential in St. Petersburg.
      4055 7Th Ter, St Petersburg, FL 33711
      View Details
    • $799,000

      Salon Ready Commercial Opportunity

      Flexible commercial space in St. Petersburg's revitalization district.
      3425 22Nd Ave S, St Petersburg, FL 33711
      View Details
    • Contact for pricing

      Waterfront Lot with Bay Views

      Vacant deep water lot with newer seawall and stunning views.
      4771 Baywood Point Dr, Gulfport, FL 33711
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,788 SF

      St. Petersburg Boutique Office Space

      Modern office with parking, security, and convenient location.
      3848 Central Ave, St Petersburg, FL 33711
      View Details
    • $20 SF/Yr
      8,681 SF

      Prime Central Avenue Mixed-Use Space

      Four units available in a high-traffic St. Petersburg location.
      4200 Central Ave S, St Petersburg, FL 33711
      View Details
    • Contact for pricing

      Retail/Office Space on 34th Street

      Well-maintained 600 SF unit with excellent visibility on 34th.
      5000 34Th St S, St Petersburg, FL 33711
      View Details
    • $4,470 /Mo
      1,788 SF

      St. Petersburg Boutique Office Space

      Modern office with parking, security, and convenient location.
      3848 Central Ave, St Petersburg, FL 33711
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Publix-Anchored Center

      Retail space in high-traffic St. Petersburg location near I-275.
      5001-5075 34Th St S, St Petersburg, FL 33711
      View Details
    View Listing
    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.
    3501 1St Ave S
    St Petersburg, FL 33711
    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
    3501 1St Ave S, St Petersburg, FL, 33711
    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!