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    5450 4th N St Saint Petersburg, FL 33703-2250
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    Property profile & analytics

    5450 4th N St, Saint Petersburg, FL 33703-2250

    View on Map
    • Retail space
    • 4,250 SF
    • 0.55 lot acres
    Off-Market
    Property ID
    US18-5472639
    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
    $1,215,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Crown Air Duct Cleaning Service / Hardware & Home Improvement / Home Appliance Store

    Property Details for 5450 4th N St

    Year built
    2000
    Construction
    CONCRETE BLOCKS
    Lot size
    0.55 lot acres
    Property type
    Retail space
    APN
    31-30-17-24288-001-0010
    APU
    313017242880010010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 4, 2016 — Brown Family Trust — Deed · related $10.8M · Miscellaneous Ins Co
    Sep 25, 2000 $525,000 Brown Trust Barger,joann E Grant Deed —
    — — Brown Family Trust — Loan Modification · related $10.8M · Miscellaneous Ins Co

    Description

    This exceptional 4,250-square-foot free-standing medical office building is ideally situated at 5450 4th Street North in St. Petersburg, Florida, within Pinellas County. Built in 1998, the property boasts a single-tenant occupancy, offering 4,250 square feet of vacant space ready for immediate use. Its prime location along heavily traveled 4th Street North ensures excellent visibility and accessibility for patients and staff. The building features a wide-open floor plan, providing flexibility for various medical practices or healthcare-related businesses. Benefit from the stability of a property under the same ownership and management since 1999. This presents a unique opportunity for a medical professional or healthcare organization seeking a well-maintained, highly visible space with flexible lease terms and rates. The property is classified as both retail and office space, and its free-standing nature offers significant advantages in terms of branding and accessibility. The property's zip code is 33703. This presents a compelling investment opportunity in a thriving Florida market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,216,000
      Market price range: $594k - $1.52M
      AI Estimate
      $1,216,000
      Market price range: $594k - $1.52M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,005,000
      Current use
      AUTO REPAIR, GARAGE
      $1,485,000
      Change: +48% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,350,000
      Change: +35% Conversion: Moderate
      OFFICE BUILDING
      $1,265,000
      Change: +26% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,025,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.639
    Latitude
    27.8223
    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
    $16,383
    $0.00
    $0.00
    $825,000
    -
    $537,462
    $287,538
    $825,000

    Comparable in this City

    • Value Estimation
      $1,585,000
      6,820 SF

      5515 4th N St

      RETAIL STORES (PERSONAL SERVICES)
      5515 4th N St, Saint Petersburg, FL 33703-2251
      View Details
    • Value Estimation
      $3,240,000
      9,088 SF

      5811 4th N St

      RETAIL STORES (PERSONAL SERVICES)
      5811 4th N St, Saint Petersburg, FL 33703-1401
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    • Value Estimation by Request
      1,500 SF

      6111 10th N St

      RETAIL STORES (PERSONAL SERVICES)
      6111 10th N St, Saint Petersburg, FL 33703-1109
      View Details
    • Value Estimation
      $500,000
      2,640 SF

      4121 16th N St

      RETAIL STORES (PERSONAL SERVICES)
      4121 16th N St, Saint Petersburg, FL 33703-5607
      View Details
    • Value Estimation by Request
      1,088 SF

      343 39th N Ave

      RETAIL STORES (PERSONAL SERVICES)
      343 39th N Ave, Saint Petersburg, FL 33703-6122
      View Details
    • Value Estimation
      $825,000
      2,680 SF

      4336 4th N St

      RETAIL STORES (PERSONAL SERVICES)
      4336 4th N St, Saint Petersburg, FL 33703-4701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,316 SF

      Tire Kingdom NNN Property

      Single-tenant Tire Kingdom property in St. Petersburg, Florida.
      5344 16Th St N, St Petersburg, FL 33703
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    • $1,595,000
      0.27 Acres

      Waterfront Land with Deep Water Access

      Expansive waterfront land with deep water access and boat lift.
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      Waterfront Lot in Shore Acres

      Direct canal frontage with no bridge restrictions to Tampa Bay.
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      Vacant Lot Ready to Build

      Vacant 9,052 SF lot ready for new construction.
      4543 Indianapolis St Northeast, St Petersburg, FL 33703
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    • $699,000
      0.19 Acres

      Waterfront Land with Canal Frontage

      Rare waterfront land with direct access to Tampa Bay.
      1809 Bayou Grande Blvd NE, St Petersburg, FL 33703
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    • New
      $500,000
      Pending

      Residential Development Land with Two Parcels

      Build-ready residential land with a completed demo and two parcels in SFR zoning.
      1535 Connecticut Ave NE, St Petersburg, FL 33703
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,856 SF

      Retail Space on 9th Street

      Former Baskin Robbins with excellent visibility, access, and parking.
      6132 9Th Ave N, St Petersburg, FL 33703
      View Details
    • $23 SF/Yr
      1,415 SF

      Corner Office Suite in St. Petersburg

      Spacious suite ideal for offices, medical, spa, or salon.
      5001 4Th St N, St Petersburg, FL 33703
      View Details
    • $1,350 /Mo
      8,046 SF

      High-Visibility St. Petersburg Retail Space

      Prime commercial space with high traffic and flexible zoning.
      4201 4Th St N, St Petersburg, FL 33703
      View Details
    • Contact for pricing

      St. Petersburg Office Space Available

      712 SF office space for rent in St. Petersburg.
      5355 Dr M.l.k. Jr St N, St Petersburg, FL 33703
      View Details
    • $16,200 /Mo
      8,046 SF

      St. Petersburg Commercial Space Available

      Commercial space for rent in St. Petersburg, Florida.
      4201 4Th St N, St Petersburg, FL 33703
      View Details
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    5450 4th N St
    Saint Petersburg, FL 33703-2250
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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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    5450 4th N St, Saint Petersburg, FL, 33703
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