Manufacturing Facility with Office
110-114 E Douglas Rd, Oldsmar, FL 34677
For Sale
Contact for pricing
Air-conditioned manufacturing areas include divisible workspace, office areas, loading access, and substantial three-phase power.
Property Size61,295 SF
Price / SF$179.46
Days on Market214
Property Features for 110-114 E Douglas Rd
General Information
Standard status
Size
Property subtype
Listing Agency:
Klein & Heuchan, Inc.
(727) 441-1951
Listed By:
Lawrence D Gilbert
(727) 580-8446
Source:
Moodyscre
Added: Apr 10
Changed: Oct 26
Last Checked: Nov 8 at 7:15AM
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 Klein & Heuchan, Inc.
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Investment Insights
Based on property information with market context.
The 61,295-square-foot industrial building occupies 3.78 acres at 110-114 E Douglas Rd in Oldsmar, Florida. A 44,862-square-foot manufacturing area was completely renovated in 2020 and can be divided. The fully air-conditioned space includes more than 6,000 square feet of office space, painted epoxy workspace floors, a 25 KVA three-phase transformer, a 2-inch water main, one loading dock, and two grade-level overhead doors. A new roof was installed in 2024.
An existing tenant leases 16,433 square feet of fully air-conditioned warehouse space with 18'8" clear height, 3,000 amps of three-phase power, two dock-high doors, and one grade-level door. The lease has 8 years remaining and provides current income. The property is located in North Pinellas County and is also available for lease.
An existing tenant leases 16,433 square feet of fully air-conditioned warehouse space with 18'8" clear height, 3,000 amps of three-phase power, two dock-high doors, and one grade-level door. The lease has 8 years remaining and provides current income. The property is located in North Pinellas County and is also available for lease.
Key Highlights
- 61,295 SF industrial building on 3.78 acres
- 44,862 SF manufacturing space renovated in 2020 and divisible
- New roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$516,191
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,323,820
$10.3M
Cap Rate 7%
$7,374,157
$7.4M
Cap Rate 9%
$5,735,456
$5.7M
Market Conditions
NOI Build-Up for 61,295 SF
Gross rent
$639.9K $10.44/SF
− Vacancy
−$32.6K −$0.53/SF
EGI
$607.3K $9.91/SF
− OpEx
−$91.1K −$1.49/SF
NOI
$516.2K $8.42/SF
Area
Pinellas County, FL
Vacancy
5.10%
Lease Rate
$10.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,323,820
Cap Rate 7%
$7,374,157
Cap Rate 9%
$5,735,456
Alternative Uses
Best Use
Warehouse
$7.37M
$6.45M – $8.60M
NOI $516,191 @ 7.0% cap · market cap 4.69%
Second Best
Industrial
$6.42M
$5.62M – $7.49M
NOI $449,530 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$15.94M
$13.95M – $18.60M
NOI $1,116,032 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,309
Businesses Nearby
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Business Placement
Demographics for 34677, FL
22,524
Population
10,056
Households
2.2
Avg Household Size
46
Median Age
41%
College-Educated
95%
High-School Grad
12.7 sq mi
ZIP Area
1,774
Density / Sq Mi
$85,389
Median Household Income
$46,404
Median Earnings
$1,484
Median Rent
$352,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Air-conditioned manufacturing areas include divisible workspace, office areas, loading access, and substantial three-phase power.
Where is this manufacturing property located?
The property is located at 110-114 E Douglas Rd Oldsmar, FL.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: 61,295 SF industrial building on 3.78 acres; 44,862 SF manufacturing space renovated in 2020 and divisible; New roof installed in 2024
