445 99th N Ave Saint Petersburg, FL 33702-2220
Property profile & analytics
445 99th N Ave, Saint Petersburg, FL 33702-2220
- Strip malls
- 6,000 SF
- 1.01 lot acres
Property ID
US18-8449871
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.
Location Intelligence
Current Use by Public Records
- Tire Choice Auto Service Centers / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 445 99th N Ave
- Year built
- 2016
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.01 lot acres
- Property size
- 6,000 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 19-30-17-97311-001-0011
- APU
- 193017973110010011
Description
This exceptional investment opportunity presents a fee-simple, 11,220-square-foot retail property in St. Petersburg, Florida, boasting a 6.45% cap rate and a strong NOI of $253,455. The property, built in 2016, is situated on a 1.9-acre lot and features a single building housing three tenants, including a Monro Muffler Brake (dba Tire Choice) anchor tenant. The property enjoys 100% occupancy with a corporate guarantee from Monro, a publicly traded company (NYSE: MNRO). Each tenant benefits from a lease structure including 3% annual rent increases and a significant 10% increase every five years, ensuring consistent income growth. The property offers 60 parking spaces and excellent visibility and access due to its location near Gandy Boulevard and 4th Street North, with prominent pylon signage. The location benefits from a high daytime population, proximate to major employers such as Jabil, American Strategic Insurance, Home Shopping Network, and the Baypoint Commerce Center. This presents a compelling investment in a rapidly growing Florida market with no state income tax. The property's efficient layout and strong tenant mix make it an attractive and stable investment opportunity. The current leases include a new 10-year agreement with iConcierge Medspa, further solidifying the property's long-term financial performance. This is a rare opportunity to acquire a high-performing, triple-net leased retail property in a prime St. Petersburg location. The address is 445 99th Ave N, St. Petersburg, FL 33702.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,847,000
- AI Estimate
- $2,847,000
Market price range: $983k - $3.08MMarket price range: $983k - $3.08M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $3,685,000
- COMMERCIAL (GENERAL)
- $3,605,000
- AUTO REPAIR, GARAGE
- $2,095,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Saint Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6403
- Latitude
- 27.8626
- 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
$33,760
$0.00
$0.00
$1,700,000
-
$767,030
$932,970
$1,700,000
