Warehouse with Office
For Sale
$1,150,000
4001 7TH Terrace S, St Petersburg, FL 33711
Commercial Sale, ST PETERSBURG, FL
Property Size5,796 SF
Lot Size0.24 Acres
Price / SF$198.41
Days on Market11
Property Features for 4001 7TH Terrace S
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Refrigerator
Subdivision
FULLERS GARDEN HOMES TENCO REP
Directions
From I-275 S: Take Exit 19 (22nd Ave S). Turn right onto 22nd Ave S, then right on 34th St S, left on 18th Ave S, and right on 40th St S. The property is on the corner of 40th St S and 7th Terrace S. From I-275 N: Take Exit 18 (26th Ave S). Head west on 26th Ave S to 34th St S, turn right, then left on 18th Ave S and right on 40th St S. The property is on the corner of 40th St S and 7th Terrace S.
Standard status
Active
APN
27-31-16-29772-000-0090
Size
5,796 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FULLERS GARDEN HOMES TENCO REPLAT LOT 9
Tax Annual Amount
6959
Legal Description
FULLERS GARDEN HOMES TENCO REPLAT LOT 9
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1974
Floors in Building
1
Flooring type
Tile - Ceramic, Concrete
Building materials
Block, Concrete
Listing Agency:
LESLIE WELLS REALTY, INC.
(941) 776-5571
Listed By:
Cynthia Disharoon · License #3575116
(941) 290-2808
Added: Sep 22
Changed: Oct 2
Last Checked: Oct 2 at 4:06AM
MLS# A4707655
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,796-square-foot warehouse property occupies a 0.24-acre corner parcel. The building was renovated and has concrete block construction with approximately 20 feet of clear height. Warehouse space includes roll-up door access, while the office area has ceramic tile flooring. Improvements also include an updated kitchen, renovated restrooms, and new central air conditioning throughout.
The property fronts 40th Street S in St. Petersburg’s 7th Terrace commerce corridor, with access to I-275. It is vacant and available for immediate occupancy.
The property fronts 40th Street S in St. Petersburg’s 7th Terrace commerce corridor, with access to I-275. It is vacant and available for immediate occupancy.
Key Highlights
- 5,796‑square‑foot building on a 0.24‑acre corner lot
- Approximately 20 feet of clear height
- Warehouse area with roll‑up door access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,437
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,048,740
$1.0M
Cap Rate 7%
$749,100
$749.1K
Cap Rate 9%
$582,633
$582.6K
Market Conditions
NOI Build-Up for 5,796 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$85.5K $14.76/SF
− Vacancy
−$4.9K −$0.84/SF
EGI
$80.7K $13.92/SF
− OpEx
−$28.2K −$4.87/SF
NOI
$52.4K $9.05/SF
Area
Pinellas County, FL
Vacancy
5.70%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,048,740
Cap Rate 7%
$749,100
Cap Rate 9%
$582,633
Alternative Uses
Best Use
Flex RnD
$749.1K
$655.5K – $874.0K
NOI $52,437 @ 7.0% cap · market cap 4.56%
Second Best
Warehouse
$697.3K
$610.1K – $813.5K
NOI $48,811 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,531 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33711, FL
20,121
Population
9,522
Households
2.1
Avg Household Size
41
Median Age
32%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
4,281
Density / Sq Mi
$68,295
Median Household Income
$27,156
Median Earnings
$1,819
Median Rent
$253,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant industrial property features updated restrooms, a kitchen, and central air conditioning.
Where is this warehouse located?
The property is located at 4001 7TH Terrace S St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5,796‑square‑foot building on a 0.24‑acre corner lot; Approximately 20 feet of clear height; Warehouse area with roll‑up door access
