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Property profile & analytics
FOR LEASE
Office buildings
6880 46Th Ave N St Petersburg, FL 33709
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US18-2694190
For Lease
1 / 3
$9,900/Mo
6880 46Th Ave N, St Petersburg, FL 33709
View Listing →
Property summary
AI-generated overview
This exceptional two-story, 10,632-square-foot office and retail building in St. Petersburg, Florida, presents a fantastic investment opportunity. Situated on a spacious 26,646-square-foot lot at 6880 46th Ave N, 33709, this property boasts ample parking and is conveniently located outside of a flood zone. The building, constructed in 1982, is zoned C-1 and offers multiple suites for lease, with the smallest divisible space at 616 square feet and a maximum contiguous space of 616 square feet. Currently, four suites are available, ranging from 700 to 1,836 square feet. Suite 100/110 (1,836 sq ft) has an estimated monthly rent of $2,450
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
CONCRETE BLOCKS
Total area
10,632 SF
Lot
0.61 ac (26,646 SF)
APN
06-31-16-00000-420-0300
UPID
US18-2694190
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
-
Legally Modern Law Group Consultant
-
Top Point Property Management Property Management Company
-
Metrotek Production Facility
-
FL Expert Pest Control Garden Center
-
Autism Acceptance All Stars Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.14M
Owner & transaction history
Metrotek Psp · 18 yrs held
Metrotek Psp
since 2008
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.4M
+7.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs St Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St Petersburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,160,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,380,000
Change: +7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,070,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$2,565,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.14M
Range $1.92M – $2.35M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$201 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,436
Tax year 2023
Assessed value
$760,000
Assessed 2023
Previous assessed
$700,000
+8.6% YoY
Effective rate
2.03%
On assessed value
Land market value
$237,871
Improvement market value
$522,129
Total market value
$760,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1982
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
6
Total area
10,632 SF
Lot
0.61 ac (26,646 SF)
APN
06-31-16-00000-420-0300
UPID
US18-2694190
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
6
Lot
0.61 ac
Current owner
From public records · entity-resolved
Metrotek Psp
Individual
Mailing address
6880 46TH AVE N STE #200, SAINT PETERSBURG, FL 33709-4752
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2008
$937,500
Metrotek Psp
Asr Plaza INC
Warranty Deed
$275,000 · Cornerstone Community Bank
Mar 24, 2003
$146,500
Asr Plaza INC
Asr Construction INC
Grant Deed
related
—
—
—
Asr Plaza INC
—
Deed Of Trust
related
$200,000 · Cornerstone Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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