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    4450 Park N St Saint Petersburg, FL 33709-4020
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    Property profile & analytics

    4450 Park N St, Saint Petersburg, FL 33709-4020

    View on Map
    • Grocery and convenience stores
    • 131,419 SF
    • 14.83 lot acres
    Off-Market
    Property ID
    US18-5094970
    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
    $18,375,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pizza Hut Express / Restaurant
    • Target Grocery / Grocery & Convenience Store / Food Market
    • Starbucks / Cafe & Coffee Shop
    • Target Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Cardtronics ATM / Atm

    Property Details for 4450 Park N St

    Year built
    1996
    Construction
    CONCRETE BLOCKS
    Lot size
    14.83 lot acres
    Property size
    131,419 SF
    Property type
    Grocery and convenience stores
    APN
    01-31-15-93074-000-0050
    APU
    13115930740000050

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,375,000
      Market price range: $18.4M - $46.9M
      AI Estimate
      $18,375,000
      Market price range: $18.4M - $46.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7563
    Latitude
    27.8124
    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
    $194,810
    $0.00
    $0.00
    $12,275,000
    -
    $4,751,736
    $7,523,264
    $12,275,000

    Comparable in this City

    • Value Estimation
      $3,545,000
      5,559 SF

      5390 66th N St

      CONVENIENCE STORE • 5,559 SF
      5390 66th N St, Saint Petersburg, FL 33709-3126
      View Details
    • Value Estimation
      $7,300,000
      5,900 SF

      6661 54th N Ave

      CONVENIENCE STORE • 5,900 SF
      6661 54th N Ave, Saint Petersburg, FL 33709-1502
      View Details
    • Value Estimation
      $6,700,000
      115,900 SF

      3993 Tyrone N Blvd

      GROCERY, SUPERMARKET • 115,900 SF
      3993 Tyrone N Blvd, Saint Petersburg, FL 33709-4106
      View Details
    • Value Estimation
      $1,910,000
      2,908 SF

      5399 Park N St

      CONVENIENCE STORE • 2,908 SF
      5399 Park N St, Saint Petersburg, FL 33709-1042
      View Details
    • Value Estimation by Request
      636 SF

      4595 49th N St

      CONVENIENCE STORE • 636 SF
      4595 49th N St, Saint Petersburg, FL 33709-5531
      View Details
    • Value Estimation
      $7,685,000
      54,960 SF

      3900 66th N St

      GROCERY, SUPERMARKET • 54,960 SF
      3900 66th N St, Saint Petersburg, FL 33709-4912
      View Details

    Similar Nearby for Sale

    • $275,000
      720 SF

      Retail Building on Active Corridor

      Versatile commercial building with high visibility and unmatched signage potential.
      4498 49Th St N, St Petersburg, FL 33709
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    • Contact for pricing

      Retail Space in St. Petersburg

      Retail leasing opportunity near Tyrone Square Mall, St. Petersburg, Florida.
      3993 Tyrone Blvd, St Petersburg, FL 33709
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    • Contact for pricing
      1,935 SF

      Turn-Key Restaurant with Drive-Thru

      Renovated quick-service restaurant with drive-thru, fully equipped and furnished.
      5804 54Th Ave N, Saint Petersburg, FL 33709
      View Details
    • $1,000,000

      Prime Commercial Property on 66th Street

      High-visibility commercial property with two buildings and ample parking.
      4900 66Th St N, Saint Petersburg, FL 33709
      View Details
    • $1,200,000
      0.86 Acres

      Mixed-Use Redevelopment Opportunity

      Prime commercial real estate with redevelopment options in St. Petersburg, FL.
      5201 66Th St N, St Petersburg, FL 33709
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,250 SF

      Retail/Office Space on Tyrone Blvd

      Retail or office space available in St. Petersburg, Florida.
      3951 N Tyrone Blvd, St Petersburg, FL 33709
      View Details
    • $18 SF/Yr
      51,964 SF

      Prime Retail Space on 54th

      High-traffic retail space in Winn-Dixie anchored shopping center.
      5802 54Th Ave N, Kenneth City, FL 33709
      View Details
    • $181,332

      Prime Retail Space on 54th

      High-traffic retail space in Winn-Dixie anchored shopping center.
      5802 54Th Ave N, Kenneth City, FL 33709
      View Details
    • $3 SF/Yr

      Retail/Office Space on Tyrone Blvd

      637 SF retail or office space available for lease.
      3805 Tyrone Blvd N 3805, St Petersburg, FL 33709
      View Details
    • Contact for pricing

      Large Customizable Space in St. Petersburg

      148,100 SF single-tenant shell on 11 acres for lease.
      4600 Park St N, St Petersburg, FL 33709
      View Details

    Property Visit Statistics

    • Visits by month
      163.7k
    • Visitors by month
      108.3k
    • Avg Time on site
      30 min
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    Saint Petersburg, FL 33709-4020
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    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
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    4450 Park N St, Saint Petersburg, FL, 33709
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