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    Property profile & analytics

    6880 46Th Ave St. Petersburg, FL 33709

    • Office buildings
    • 10,632 SF
    • 0.61 lot acres
    For Lease
    View listing
    $9,900 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2694190
    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

    • 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

    Property Details for 6880 46Th Ave

    Year built
    1982
    Construction
    CONCRETE BLOCKS
    Lot size
    0.61 lot acres
    Property size
    10,632 SF
    Property type
    Office buildings
    APN
    06-31-16-00000-420-0300
    APU
    63116000004200300

    Description

    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

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,135,000
      Market price range: $2.14M - $4.55M
      AI Estimate
      $2,135,000
      Market price range: $2.14M - $4.55M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.734
    Latitude
    27.8133
    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
    $15,436
    $0.00
    $0.00
    $760,000
    -
    $237,871
    $522,129
    $760,000

    Comparable in this City

    • Value Estimation
      $1,330,000
      5,084 SF

      6125 54th N Ave

      PROFESSIONAL BUILDING • 5,084 SF
      6125 54th N Ave, Kenneth City, FL 33709-1830
      View Details
    • Value Estimation by Request
      960 SF

      5748 54th N Ave, Unit 2

      OFFICE BUILDING • 960 SF
      5748 54th N Ave, Kenneth City, FL 33709-2006
      View Details
    • Value Estimation
      $16,200,000
      80,653 SF

      5000 Park N St

      OFFICE BUILDING • 80,653 SF
      5000 Park N St, Saint Petersburg, FL 33709-2221
      View Details
    • Value Estimation
      $1,175,000
      5,856 SF

      6185 54th N Ave

      PROFESSIONAL BUILDING • 5,856 SF
      6185 54th N Ave, Kenneth City, FL 33709-1807
      View Details
    • Value Estimation by Request
      1,317 SF

      4900 48th N Ave

      OFFICE BUILDING • 1,317 SF
      4900 48th N Ave, Saint Petersburg, FL 33709-3828
      View Details
    • Value Estimation
      $4,440,000
      22,094 SF

      5501 49th N St

      OFFICE BUILDING • 22,094 SF
      5501 49th N St, Saint Petersburg, FL 33709-2103
      View Details

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    Similar Nearby for Lease

    • $11 SF/Yr
      95,253 SF

      Plaza 66 Retail Space Available

      Kenneth City, FL retail center with high traffic.
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    • $9,900 /Mo
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      St. Petersburg Office/Retail Space

      Prime St. Pete location, multiple suites available.
      6880 46Th Ave, St. Petersburg, FL 33709
      View Details
    • $20 SF/Yr
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      Shell Condition Office Space Available

      Customizable office space in St. Petersburg, FL for lease.
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    • $44,660

      Office Space For Rent

      Office space available for rent in St. Petersburg, Florida.
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    • $22 SF/Yr
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      Medical/Office Space For Rent

      Medical or office suites available with recent renovations and included services.
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    • Contact for pricing
      3,826 SF

      St. Pete Medical Office Space

      Prime Medical Office, Two Suites Available
      3831 Tyrone Blvd, St. Petersburg, FL 33709
      View Details
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    St. Petersburg, FL 33709
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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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