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Property profile & analytics
FOR LEASE
Community centers
3501 49Th St North St Petersburg, FL 33710
Entity Owned
Free & Clear
Property ID
US18-2676032
For Lease
1 / 6
$27,730,000
3501 49Th St North, St Petersburg, FL 33710
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Property summary
AI-generated overview
Disston Plaza, located at 3501 49th St N in St. Petersburg, Florida, presents a compelling retail investment opportunity. This 114,132 square foot plaza, situated on 10.45 acres in Pinellas County (zip code 33710), boasts a prime location within a densely populated area of St. Petersburg. Built in 1954 and extensively renovated in 2018, the property offers ample parking with 700 spaces. The plaza is zoned CG and features a strong tenant mix, anchored by Publix and including national brands such as Bealls, Dollar Tree, and Pet Supermarket. Available spaces range from 1,200 to 4,954 square feet, providing flexibility for various retail concepts. Benefiting from high visibility and pylon signage opportunities on 49th Street, Disston Plaza enjoys exceptional foot traffic, generating approximately 1.5 million visits annually (Placer.ai, 2023). This established center offers a rare chance to acquire a well-positioned retail property in a thriving market.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2018
Construction
CONCRETE BLOCKS
Total area
46,855 SF
Lot
12.03 ac (524,018 SF)
APN
09-31-16-20628-000-0010
UPID
US18-2676032
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
-
City National Bank - Presto ATM Atm
-
Publix Pharmacy at Disston Plaza Pharmacy
-
Western Union Bank Credit Union
-
Presto! ATM at Publix® Atm
-
higi Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.02M
Blend (final)
Blend
$27.73M
Owner & transaction history
Disston Plaza Owner LLC
Disston Plaza Owner LLC
since 2025
Last sale
$31.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$28.8M
+93.1%
Commercial (general)
$28.1M
+88.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs St Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St Petersburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$28,765,000
Change: +93% · Conversion: Difficult
COMMERCIAL (GENERAL)
$28,135,000
Change: +89% · Conversion: Easy
Blend value · Realmo final
$27.73M
Range $24.96M – $30.50M · ±10% · vs last sale $31.44M (Jul 31 2025)
Last sale anchor
$31.44M
Jul 31 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$592 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$358,052
Tax year 2023
Assessed value
$18,030,000
Assessed 2023
Previous assessed
$17,120,000
+5.3% YoY
Effective rate
1.99%
On assessed value
Land market value
$4,933,634
Improvement market value
$13,096,366
Total market value
$18,030,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2018
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
7
Stories
1
Bathrooms
39
Total area
46,855 SF
Lot
12.03 ac (524,018 SF)
APN
09-31-16-20628-000-0010
UPID
US18-2676032
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$28.8M
COMMERCIAL (GENERAL)
Est. value
$28.1M
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Bathrooms
39
Lot
12.03 ac
Current owner
From public records · entity-resolved
Disston Plaza Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
$31,440,000
Disston Plaza Owner LLC
New Market Disston LLC
Special Warranty Deed
—
Jan 16, 2025
—
Hibachi Express Of St Petersburg In
New Market Disston LLC
Deed
—
Jun 19, 2019
$27,750,000
New Market-disston LLC
Frep Hi Disston Plaza LLC
Trustees Deed
$18,037,500 · Thrivent Fin'l/lutherans
Jun 9, 2017
—
Frep III-disston Plaza LLC
—
Deed
related
$10,500,000 · Wells Fargo Bk
Sep 17, 2015
$14,550,000
Frep III-disston Plaza LLC
Disston Pete Sc Co LLP
Grant Deed
related
$10,150,000 · Wells Fargo Bk
Jan 29, 2009
—
Disston Pete Sc Co
—
Trustees Deed
related
$3,010,917 · Independent Order/foresters
—
—
Frep III-disston Plaza LLC
—
Loan Modification
related
$10,500,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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