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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5767 38th N Ave Saint Petersburg, FL 33710-1925

    • Retail space
    • 15,708 SF
    • 1.58 lot acres
    OFF-MARKET
    Last Sale
    Dec 02, 2022
    $5,796,000
    Value Estimations
    $5,075,000
    Show details
    Cap Rate Potential
    3.1%
    Retail space
    Location Intelligence
    Property ID
    US18-5604290
    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

    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • Walgreens Pharmacy / Pharmacy
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • FedEx OnSite / Postal Service / Courier Service
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 5767 38th N Ave

    Year built
    2003
    Construction
    CONCRETE BLOCKS
    Lot size
    1.58 lot acres
    Property size
    15,708 SF
    Property type
    Retail space
    APN
    04-31-16-17533-001-0011
    APU
    43116175330010011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,414,000
      Market price range: $2.20M - $5.60M
      AI Estimate
      $4,414,000
      Market price range: $2.20M - $5.60M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,710,000
      Current use
      AUTO REPAIR, GARAGE
      $5,480,000
      Change: +48% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,995,000
      Change: +35% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $4,775,000
      Change: +29% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,790,000
      Change: +2% Conversion: Difficult
      OFFICE BUILDING
      $3,690,000
      Change: -0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7112
    Latitude
    27.8069
    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
    $59,477
    $0.00
    $0.00
    $2,995,000
    -
    $916,737
    $2,078,263
    $2,995,000

    Comparable in this City

    • Value Estimation by Request
      1,342 SF

      5222 1st N Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,342 SF
      5222 1st N Ave, Saint Petersburg, FL 33710-8104
      View Details
    • Value Estimation by Request
      2,160 SF

      4925 38th N Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      4925 38th N Ave, Saint Petersburg, FL 33710-2139
      View Details
    • Value Estimation
      $515,000
      1,610 SF

      5800 9th N Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,610 SF
      5800 9th N Ave, Saint Petersburg, FL 33710-6319
      View Details
    • Value Estimation
      $3,265,000
      10,960 SF

      4901 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,960 SF
      4901 Central Ave, Saint Petersburg, FL 33710-8239
      View Details
    • Value Estimation by Request
      1,372 SF

      521 49th N St

      RETAIL STORES (PERSONAL SERVICES) • 1,372 SF
      521 49th N St, Saint Petersburg, FL 33710-7319
      View Details
    • Value Estimation
      $4,420,000
      14,488 SF

      2195 66th N St

      RETAIL STORES (PERSONAL SERVICES) • 14,488 SF
      2195 66th N St, Saint Petersburg, FL 33710-4711
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      851 SF building on 0.52 acres with drive-thru.
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      Land For Sale

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      0.49 Acres

      St. Petersburg Medical Office Building

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      Turnkey Triplex Investment Opportunity

      Renovated triplex in St. Petersburg with modern upgrades and high income.
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      St. Petersburg Retail/Office Building

      Single-story retail/office building with updated signage and active tenants.
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    Similar Nearby for Lease

    • Contact for pricing
      2,234 SF

      Retail Space in Saint Petersburg

      Retail space available for lease in Saint Petersburg, Florida.
      1402 66Th St N, Saint Petersburg, FL 33710
      View Details
    • Contact for pricing
      851 SF

      St. Pete Retail Space For Lease

      Prime 851 SF Retail Building, 13 Parking Spaces
      3775 66Th St, St. Petersburg, FL 33710
      View Details
    • Contact for pricing
      3,692 SF

      Retail Space in St. Petersburg

      Retail space available for lease in St. Petersburg, Florida.
      2030 66Th St N, St Petersburg, FL 33710
      View Details
    • $30 SF/Yr
      6,684 SF

      Retail Space at Tyrone Square

      Retail space available in a shopping center connected to Tyrone Square Mall.
      6665 22Nd Ave N, Saint Petersburg, FL 33710
      View Details
    • $54,336

      Retail Space Available For Rent

      Retail space available for lease in St. Petersburg, Florida.
      4950 1St Ave N, St Petersburg, FL 33710
      View Details
    • Contact for pricing
      4,625 SF

      Former Restaurant with Drive-Thru

      Former restaurant space available for lease with drive-thru opportunity.
      2471 Tyrone Blvd N, St Petersburg, FL 33710
      View Details
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    5767 38th N Ave
    Saint Petersburg, FL 33710-1925
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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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