Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4948 Central Ave Saint Petersburg, FL 33707-1941

    • Specialty properties
    • 2,220 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2317389
    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.

    Current Use by Public Records

    • Bay Area Legal Services / Law Firm

    Property Details for 4948 Central Ave

    Year built
    1952
    Construction
    CONCRETE BLOCKS
    Lot size
    0.23 lot acres
    Property size
    2,220 SF
    Property type
    Specialty properties
    APN
    21-31-16-00000-130-0100
    APU
    213116000001300100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $521,000
      Market price range: $260k - $813k
      AI Estimate
      $521,000
      Market price range: $260k - $813k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $490,000
      Current use
      AUTO REPAIR, GARAGE
      $775,000
      Change: +57% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $705,000
      Change: +43% Conversion: Difficult
      WAREHOUSE, STORAGE
      $535,000
      Change: +9% Conversion: Difficult
      OFFICE BUILDING
      $530,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $525,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7009
    Latitude
    27.7707
    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
    $0.00
    $0.00
    $0.00
    $392,173
    -
    $272,000
    $120,173
    $392,173

    Comparable in this City

    • Value Estimation
      $905,000
      7,744 SF

      6440 5th S Ave

      CHARITABLE ORGANIZATION • 7,744 SF
      6440 5th S Ave, Saint Petersburg, FL 33707-2333
      View Details
    • Value Estimation
      $880,000
      3,959 SF

      5601 Gulfport S Blvd

      CREMATORIUM, MORTUARY • 3,959 SF
      5601 Gulfport S Blvd, Gulfport, FL 33707-4828
      View Details
    • Value Estimation by Request
      1,912 SF

      101 55th S St

      CREMATORIUM, MORTUARY • 1,912 SF
      101 55th S St, Saint Petersburg, FL 33707-6122
      View Details
    • Value Estimation by Request
      2,999 SF

      5730 15th S Ave

      CREMATORIUM, MORTUARY • 2,999 SF
      5730 15th S Ave, Gulfport, FL 33707-3423
      View Details
    • Value Estimation by Request
      3,600 SF

      1780 49th S St

      CHARITABLE ORGANIZATION • 3,600 SF
      1780 49th S St, Gulfport, FL 33707-4343
      View Details
    • Value Estimation
      $830,000
      5,076 SF

      330 49th S St

      CHARITABLE ORGANIZATION • 5,076 SF
      330 49th S St, Saint Petersburg, FL 33707-1928
      View Details

    Similar Nearby for Sale

    • $675,000

      Gulfport Specialty Property For Sale

      Specialty property available in Gulfport, Florida.
      2624 54Th St S, Gulfport, FL 33707
      View Details
    • $870,000
      0.17 Acres

      Waterfront Redevelopment Opportunity

      Waterfront homesite ready for custom build with Gulf access.
      7932 2Nd Ave S, St Petersburg, FL 33707
      View Details
    • $899,000
      3,972 SF

      Gulfport Property: Redevelopment Opportunity

      Prime Gulfport location, ideal for residential or educational use.
      2624 54Th St, Gulfport, FL 33707
      View Details
    • $549,900

      Gulfport Specialty Property For Sale

      Specialty property available in Gulfport, Florida.
      5501 18Th Ave S, Gulfport, FL 33707
      View Details
    • $785,000

      Gulfport Commercial Property for Sale

      Commercial property available in Gulfport, Florida.
      5713 23Rd Ave S, Gulfport, FL 33707
      View Details
    • $625,000
      1,496 SF

      Updated Office on Central Avenue

      Updated office space with a new 36-month lease.
      5500 Central Ave, St Petersburg, FL 33707
      View Details

    Similar Nearby for Lease

    • $101,640

      Gulfport Specialty Property for Rent

      Specialty property available for rent in Gulfport, Florida.
      5101 8Th Ave S, Gulfport, FL 33707
      View Details
    • $18 SF/Yr
      6,328 SF

      Hudson's Plaza: St. Pete Medical Office

      St. Petersburg medical office building, multiple suites available.
      4900 1St Ave, St. Petersburg, FL 33707
      View Details
    • Contact for pricing
      163,746 SF

      South Pasadena Retail Center

      Prime Retail Space Available in South Pasadena
      0 S & Pasadena Ave, South Pasadena, FL 33707
      View Details
    • New
      $2,500 /Mo
      Pending

      Prime Downtown Gulfport Retail Space

      Exceptional retail space in the heart of Gulfport's downtown.
      3125 Beach Blvd S, Gulfport, FL 33707
      View Details
    • Contact for pricing
      4,954 SF

      Retail Space in St Petersburg

      Retail spaces available in high-volume, Publix-anchored shopping center.
      3431-3455 49Th St N, St Petersburg, FL 33707
      View Details
    • $28 SF/Yr
      6,700 SF

      Pasadena Ave Office Suites

      South Pasadena, FL: Prime Office Space
      1420 Pasadena Ave, South Pasadena, FL 33707
      View Details
    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.
    4948 Central Ave
    Saint Petersburg, FL 33707-1941
    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

    Google sign-in failed. Please try again or use another login method.