9550 16Th StSt. Petersburg, FL 33716

Property Details for 9550 16Th St

Year built

1998

Construction

CONCRETE BLOCKS

Lot size

2.31 AC

Property size (Sq ft)

10,285 SF

Property type

Office buildings

APN

24-30-16-57482-001-0010

APU

243016574820010010

Description

This exceptional Class A office building, situated within the Metropointe Commerce Park at the intersection of Commerce Ave N and 16th St N, offers immediate occupancy in two available suites. The property boasts a total of 4,860 square feet, with 3,600 square feet currently vacant and divisible into spaces ranging from 1,260 to 3,600 contiguous square feet. One suite is a 1,260 square foot building featuring general office space and a utility garage with overhead door access, currently available for $1,627.50 per month on a modified gross lease, plus utilities (electric, janitorial, and telephone). The larger, 3,600 square foot free-standing building is fully furnished and move-in ready, offering a modified gross rental rate of $19.50 per square foot, plus suite janitorial, telephone, and electric. The property sits on 1.5 acres of land and includes 54 parking spaces, providing ample parking for tenants and visitors. The building features 24-hour security and is zoned EC-1, Employment Center. This is a rare opportunity to secure high-quality, immediately available office space in a desirable Pinellas Park location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,005,040

  6.5%

  $1,850,806

  7%

  $1,718,606

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,134,230

  Geo Method

  $1,134,230

• Alternative Use

  Use

  Valuation

  Residential

  $2,295,000

  Hospitality

  $2,102,207

  Educational

  $1,749,012

  Medical

  $1,809,163

  Retail

  $2,720,685

Location Insight

City

Saint Petersburg

County

Pinellas

State

Florida

Latitude

27.8586

Longitude

-82.6559

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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