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Property profile & analytics
OFF-MARKET Estimated value $8,175,000
Strip malls

4020 Park N St Saint Petersburg, FL 33709-4030

15,953 SF 3.67 ac lot Built 1988
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-5322599
Property summary
AI-generated overview

This exceptional three-story Class B medical office building, located at 4020 Park St N in St. Petersburg, Florida (zip code 33709), offers a unique investment opportunity. The property, known as Lighthouse Point, totals 23,451 square feet and sits on 3.67 acres of land in the desirable Tyrone Mall submarket. Currently, there is 6,645 square feet of vacant space available, divisible into units as small as 3,099 square feet and up to a contiguous 6,645 square feet. The building features a two-story lobby atrium, ample parking (4 spaces per 1,000 square feet), and pylon signage opportunities. Built in 1989, the building includes elevators and benefits from a highly visible location at the signalized intersection of Tyrone Boulevard and Park Street. The property's tenant mix includes a deli, salon, and Glory Days Grill, ensuring a vibrant and established commercial environment. Turn-key build-outs are available for prospective tenants. This property presents a rare chance to acquire a well-maintained, strategically located medical office building with significant upside potential in a stable, long-term ownership environment. The former Mattress Firm space (6,645 sq ft) is also available. An additional 1,796 square feet of office space is available on the second floor.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Construction CONCRETE BLOCKS
Total area 15,953 SF
Lot 3.67 ac (159,660 SF)
APN 01-31-15-66870-001-0040
UPID US18-5322599
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
  • Justin C. Johnson & Associates, P.A. Law Firm
  • Legendary Marketer Marketing & Advertising
  • GreatFlorida Insurance - Anthony B. Loschiavo Insurance Agency
  • RE/MAX Capital Realty (St. Petersburg) Real Estate Agency
  • The Florida Law Group Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.18M
Blend (final) Blend
$8.18M
Owner & transaction history
Lighthouse Joint Venture · 4 yrs held
Lighthouse Joint Venture
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $9.8M +93.1%
Commercial (general) $9.6M +88.9%
Auto repair, garage $5.6M +9.8%
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