St. Petersburg Warehouse with Leased
4055 7TH TERRACE St Petersburg, FL 33711
4055 7TH TERRACE, St Petersburg, FL, 33711
$1,095,000
For Sale
$1,095,000
Warehouse - ST PETERSBURG, FL
Property Size5,796 SF
Lot Size0.21 Acres
Price / SF$188.92
Days on Market96
Property Features for 4055 7TH TERRACE
General Information
- Property type
- Commercial Sale
- Property subtype
- Single Family Residence
- Zoning
- IT
- Exterior features
- Paved
- Standard status
- Active
- APN
- 27-31-16-29772-000-0060
- Size
- 5,796 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6480
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1977
- Number of units
- 2
- Flooring type
- Concrete
- Building materials
- Concrete
- Roof type
- Built-Up
- Architectural style
- Other
Listing Agency
CHARLES RUTENBERG REALTY INC
(727) 538-9200
1545 S Belcher Rd, Clearwater, FL
Listed by
Victoria Roese · License #3097497
(813) 956-5160
Added: Apr 13 Checked: Jul 17 at 4:06 am
MLS# TB8497121
Listing URL
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 two-unit industrial/warehouse property is located in central St. Petersburg. The concrete block building has approximately 5,796 square feet, configured as two bays of roughly 2,880 square feet each, and is situated on a 0.21-0.22 acre lot. The property has convenient access to I-275 and major St. Pete corridors. One unit is currently leased at 2,880 square feet on a triple-net (NNN) basis at $2,900 per month, with the tenant reimbursing taxes, insurance, and maintenance. The second approximately 2,900 square foot unit is recently renovated and available for lease or for an owner-occupant. Each bay features an office area with a dedicated window A/C unit, renovated restroom with slop sink, front and rear entry doors, and an oversized roll-up commercial garage door. The warehouse is constructed of reinforced concrete block with steel rafters and benefits from a newer roof and 200-amp electric service. On-site parking accommodates approximately 6–8 vehicles, and 24-hour access plus available building signage are available. Recent renovations include updated interiors, fresh paint, improved office finishes, and clean move-in ready warehouse space. The property is suitable for a wide range of light industrial, service, storage, or small business uses.
Key Highlights
- Immediate cash flow from existing NNN lease, covering taxes, insurance, and maintenance.
- Opportunity for owner‑user to occupy the recently renovated ±2,900 SF unit while benefiting from rental income.
- Prime central St. Petersburg location with easy access to I‑275 and major corridors.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.5k | $10.44 |
| − Vacancy | −$3.1k | −$0.53 |
| EGI | $57.4k | $9.91 |
| − OpEx | −$8.6k | −$1.49 |
| NOI | $48.8k | $8.42 |
5,796 SF · lease $10.44/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$697.3K
$610.1K – $813.5K
NOI $48,811 @ 7.0% cap · market cap 4.46%
Second Best
Industrial
$607.2K
$531.3K – $708.5K
NOI $42,507 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,531 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Public Storage — 1400 34th St S, St. Petersburg, FL 33711
- Truck Spot LLC — 700 40th St S, St. Petersburg, FL 33711
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- Cabessa Storage & Warehouse — 4039 8th Ave S, St. Petersburg, FL 33711
- The Storage house — 1219 49th St S, Gulfport, FL 33707
FAQs
What type of property is this?
Warehouse - Two-unit warehouse with income and upside for owner-user or investor.
Where is this warehouse located?
The property is located at 4055 7TH TERRACE St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Immediate cash flow from existing NNN lease, covering taxes, insurance, and maintenance.; Opportunity for owner‑user to occupy the recently renovated ±2,900 SF unit while benefiting from rental income.; Prime central St. Petersburg location with easy access to I‑275 and major corridors.
