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Property profile & analytics
OFF-MARKET Estimated value $1,830,000
Specialty properties

655 31st S St Saint Petersburg, FL 33712-1805

15,620 SF 0.79 ac lot Built 1987
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-2978216
Property summary
AI-generated overview

This exceptional 15,620 square foot mixed-use building in Pinellas County, Florida, presents a unique investment opportunity. Built in 1987 and extensively renovated in 2019 ($1.7M investment), the property boasts a blend of executive office space and warehouse areas, ideal for a variety of businesses. The building features a welcoming reception area, five finished offices, and two spacious locker rooms with showers. The warehouse component comprises four large units, each with high ceilings (13'5" to 15'5"), ample natural light, and significant square footage (ranging from 1,564 to 2,464 sq ft). Two units include 10' x 14' and 10' x 11' roll-up doors, leading to a loading dock. The property also includes a large mechanical room housing a new 3-phase power service (1600 Amps), a state-of-the-art fire safety system, and a substantial "hot water on demand" system. The 0.8-acre lot provides over 30 parking spaces, with additional space available for outdoor amenities. The building's prime location in St. Petersburg, near 5th Avenue South, the Warehouse Arts District, and major highways (I- and US 19), offers unparalleled accessibility and visibility. This meticulously maintained property, with its modern finishes and extensive upgrades, is ready for immediate occupancy. The previous tenant operated a fitness and wellness center, including a coffee cafe, showcasing the building's versatility. This is a truly one-of-a-kind opportunity in a thriving market.

Property profile
Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1987
Construction FRAME
Total area 15,620 SF
Lot 0.79 ac (34,290 SF)
APN 23-31-16-76590-019-0100
UPID US18-2978216
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hensley Group Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.83M
Blend (final) Blend
$1.83M
Owner & transaction history
Florida First Cap Fin Corp · 6 yrs held
Florida First Cap Fin Corp
since 2020
7 recorded transactions
2020
$1.1M
2020
Price N/A
2019
$840,000
2016
$800,000
2002
$390,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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