Freestanding Industrial Warehouse in Safety
For Sale
$1,100,000
1060 HARBOR LAKE Dr, Safety Harbor, FL 34695
Industrial warehouse in Safety Harbor with upgraded mechanical infrastructure.
Property Size4,720 SF
Price / SF$233.05
Days on Market100
Property Features for 1060 HARBOR LAKE Dr
General Information
Standard status
Active
Size
4,720 SF
Property subtype
Industrial
Building Details
Year Built
1985
Listing Agency:
KELLER WILLIAMS TAMPA PROP.
(727) 410-2896
Listed By:
Alexander Lucke · License #3351552
(727) 410-2896
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 31 at 10:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS TAMPA PROP.
Investment Insights
Based on property information with market context.
Located at 1060 Harbor Lake Drive, Safety Harbor, FL 34695, this freestanding industrial warehouse offers a rare opportunity within the desirable Harbor Lake Industrial Park. Constructed in 1985, the pre-engineered metal building spans approximately 4,720 square feet (40’ x 118’). The building features steel truss and purlin roof framing, a slab-on-grade foundation, spread/monolithic footings, and corrugated metal roofing. The interior is entirely warehouse space, aside from a single restroom, maximizing usable square footage. The open-span layout is suited for fabrication, manufacturing, storage, or contractor-based businesses. It includes two 14-foot grade-level roll-up doors and 16-foot clear heights. Electrical service is robust, featuring a 150-amp panel and a 250-amp, 3-phase panel. A mechanical ventilation system includes three 10 HP, 36-inch Hartzell ceiling exhaust fans with interior air plenum distribution, along with five 3 HP, 36-inch Hartzell intake fans along the south wall. The property has a wide concrete apron for parking and loading, with additional exterior area for equipment staging or material storage. This property is located in a stable industrial park environment.
Key Highlights
- Rare freestanding industrial warehouse in the highly desirable Harbor Lake Industrial Park, Safety Harbor.
- Efficient, open‑span warehouse space (4,720 sq ft) with 16‑foot clear heights, ideal for various industrial uses.
- Equipped with two 14‑foot grade‑level roll‑up doors and robust electrical service (150‑amp and 250‑amp 3‑phase panels).
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 | $49.3k | $10.44 |
| − Vacancy | −$2.5k | −$0.53 |
| EGI | $46.8k | $9.91 |
| − OpEx | −$7.0k | −$1.49 |
| NOI | $39.7k | $8.42 |
4,720 SF · lease $10.44/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$567.8K
$496.9K – $662.5K
NOI $39,749 @ 7.0% cap · market cap 3.61%
Second Best
Industrial
$494.5K
$432.7K – $576.9K
NOI $34,616 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,940 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34695, FL
17,927
Population
8,025
Households
2.2
Avg Household Size
52
Median Age
46%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
3,201
Density / Sq Mi
$96,138
Median Household Income
$53,436
Median Earnings
$1,680
Median Rent
$418,200
Median Home Value
Market
Properties on Market for Warehouses in Pinellas County
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Craftsman's Corner — Harbor Lake Dr, Safety Harbor, FL 34695
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse in Safety Harbor with upgraded mechanical infrastructure.
Where is this warehouse located?
The property is located at 1060 HARBOR LAKE Dr Safety Harbor, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Rare freestanding industrial warehouse in the highly desirable Harbor Lake Industrial Park, Safety Harbor.; Efficient, open‑span warehouse space (4,720 sq ft) with **16‑foot clear heights**, ideal for various industrial uses.; Equipped with **two 14‑foot grade‑level roll‑up doors** and robust electrical service (150‑amp and 250‑amp 3‑phase panels).
