Climate-Controlled Self-Storage
For Sale
$350,000
1111 N 34th St Unit 102, Tampa, FL 33605
Vehicle storage space includes lift-ready flooring and a pre-engineered loft option.
Property Size1,000 SF
Price / SF$350
Days on Market21
Property Features for 1111 N 34th St Unit 102
General Information
Standard status
Active
Size
1,000 SF
Warehouse & Industrial
Drive-In Doors
1
Conditioned Warehouse
Yes
Amenities
gated facility
enhanced security
owners-only paddock
Building Details
Year Built
2023
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL
(813) 727-5597
Listed By:
John Morgan · License #3427976
Source:
Fulcrum-residential
Added: Aug 9
Changed: Aug 29
Last Checked: Aug 29 at 11:34AM
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 CENTRAL
Investment Insights
Based on property information with market context.
This 1,000-square-foot climate-controlled self-storage unit is configured for car, boat, and RV storage. Features include a wide garage door, ample ceiling height, and a reinforced concrete slab designed to accommodate vehicle lifts. The space is pre-engineered for a future loft, adding flexibility for storage or workspace.
Built in 2023, the gated facility provides 50-foot drive aisles for access by larger vehicles, trailers, and RVs. Ownership includes access to the 3,000-square-foot owners-only Paddock, a shared area for meetings, work, and community events. The unit is located at 1111 N 34th St Unit 102 in Tampa, Florida.
Built in 2023, the gated facility provides 50-foot drive aisles for access by larger vehicles, trailers, and RVs. Ownership includes access to the 3,000-square-foot owners-only Paddock, a shared area for meetings, work, and community events. The unit is located at 1111 N 34th St Unit 102 in Tampa, Florida.
Key Highlights
- 1,000 square feet of climate‑controlled storage
- Wide garage door and ample ceiling height
- Reinforced concrete slab suitable for vehicle lifts
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
$14,748
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
4.21%
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%
$294,960
$295.0K
Cap Rate 7%
$210,686
$210.7K
Cap Rate 9%
$163,867
$163.9K
Market Conditions
NOI Build-Up for 1,000 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
$18.4K $18.36/SF
− Vacancy
−$1.0K −$1.01/SF
EGI
$17.4K $17.35/SF
− OpEx
−$2.6K −$2.60/SF
NOI
$14.7K $14.75/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
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%
$294,960
Cap Rate 7%
$210,686
Cap Rate 9%
$163,867
Alternative Uses
Best Use
Warehouse
$210.7K
$184.4K – $245.8K
NOI $14,748 @ 7.0% cap · market cap 4.21%
Second Best
Self Storage
$132.5K
$115.9K – $154.6K
NOI $9,274 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$233.0K
$203.9K – $271.8K
NOI $16,308 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 33605, FL
18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
Median Home Value
Market
Vacancy Rate% for Industrial in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Vehicle storage space includes lift-ready flooring and a pre-engineered loft option.
Where is this self storage facility located?
The property is located at 1111 N 34th St Unit 102 Tampa, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,000 square feet of climate‑controlled storage; Wide garage door and ample ceiling height; Reinforced concrete slab suitable for vehicle lifts
