5344 16Th St N St Petersburg, FL 33703
Property profile & analytics
5344 16Th St N, St Petersburg, FL 33703
- Auto shops
- 6,160 SF
- 0.38 lot acres
Property ID
US18-3644426
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
- On Call Plumbers / Plumbing Service / General Contractor
- Tire Kingdom / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 5344 16Th St N
- Year built
- 1962
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.38 lot acres
- Property type
- Auto shops
- APN
- 01-31-16-58356-000-0630
- APU
- 13116583560000630
Description
This exceptional investment opportunity presents a 6,316 square foot Tire Kingdom located at 5344 16th St N, St. Petersburg, FL 33703, Pinellas County. The property, built in 1962 on a 0.49-acre lot, boasts a strong Net Lease (NNN) structure with a credit-rated tenant. The current lease, expiring November 30, 2029, offers a remaining term of five years with a 10% rent increase at each option period. The current NOI is $70,922, with a pro-forma NOI of $78,014, reflecting a current cap rate of 2.40% and a pro-forma cap rate of 2.64%. The asking price is $2,950,000, translating to $467.07 per square foot and $83.16 per square foot for land value. The property has been 100% occupied since January 1, 1989, and benefits from the financial strength of Mavis Discount Tire, the guarantor of the lease. This presents a compelling opportunity for passive income generation with significant upside potential for future rent increases. The property's location in St. Petersburg, Florida, offers excellent visibility and access to a thriving market. This is a single-tenant, retail auto shop investment with a proven track record of success.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,209,000
- AI Estimate
- $1,209,000
Market price range: $1.21M - $4.14MMarket price range: $1.21M - $4.14M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,960,000
- OFFICE BUILDING
- $1,830,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Saint Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6553
- Latitude
- 27.8207
- 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
$11,170
$0.00
$0.00
$615,000
-
$339,126
$275,874
$615,000
