Manufacturing Facility with Office
For Sale
Contact for pricing
110-114 E Douglas Rd, Oldsmar, FL 34677
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 Market114
Property Features for 110-114 E Douglas Rd
General Information
Standard status
Active
Size
61,295 SF
Property subtype
INDUSTRIAL
Listing Agency:
Klein & Heuchan, Inc.
(727) 580-8446
Listed By:
Lawrence D Gilbert
(727) 580-8446
Source:
Moodyscre
Added: Apr 10
Changed: Jul 31
Last Checked: Jul 31 at 6:47PM
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.
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 For Office B
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 | $1.60M | $26.04 |
| − Vacancy | −$327.2k | −$5.34 |
| EGI | $1.27M | $20.70 |
| − OpEx | −$317.2k | −$5.18 |
| NOI | $951.7k | $15.53 |
61,295 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$13.60M
$11.90M – $15.86M
NOI $951,688 @ 7.0% cap · market cap 8.65%
Second Best
Warehouse
$7.37M
$6.45M – $8.60M
NOI $516,191 @ 7.0% cap · market cap 4.69%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
