Flex Space with
New
For Sale
$3,750,000
11644 URADCO, San Antonio, FL 33576
Integrated showroom, finished offices, and adaptable warehouse areas support a range of commercial operations.
Property Size11,105 SF
Price / SF$340.91
Days on Market2
Property Features for 11644 URADCO
General Information
Standard status
Active
Size
11,105 SF
Property subtype
Industrial
Warehouse & Industrial
Warehouse Space
4,100 SF
Office Build-Out
2,700 SF
Taxes and HOA fees
Annual Taxes
$20,539
Building Details
Building Size
11,105 SF
Year Built
2005
Listed By:
Debbie Selph · License #369365
(352) 650-9457
Source:
Elliman
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 7:10AM
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 Debbie Selph
Investment Insights
Based on property information with market context.
Built in 2005, this flex property brings together distinct areas for customer-facing activity, administration, and storage or production. The interior includes 4,200 square feet of showroom space, 2,700 square feet of finished offices, and 4,100 square feet of flexible warehouse area.
The configuration is suited to operations such as medical technology, building products, specialty contracting, light manufacturing, corporate distribution, and climate-controlled production. The property is currently occupied, with the tenant scheduled to vacate following 90 days' notice.
The configuration is suited to operations such as medical technology, building products, specialty contracting, light manufacturing, corporate distribution, and climate-controlled production. The property is currently occupied, with the tenant scheduled to vacate following 90 days' notice.
Key Highlights
- 4,200 square feet of showroom space
- 2,700 square feet of finished offices
- 4,100 square feet of flexible warehouse area
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
$118,404
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
3.16%
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%
$2,368,080
$2.4M
Cap Rate 7%
$1,691,486
$1.7M
Cap Rate 9%
$1,315,600
$1.3M
Market Conditions
NOI Build-Up for 11,000 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
$198.0K $18.00/SF
− Vacancy
−$15.8K −$1.44/SF
EGI
$182.2K $16.56/SF
− OpEx
−$63.8K −$5.80/SF
NOI
$118.4K $10.76/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,368,080
Cap Rate 7%
$1,691,486
Cap Rate 9%
$1,315,600
Alternative Uses
Best Use
Flex RnD
$1.69M
$1.48M – $1.97M
NOI $118,404 @ 7.0% cap · market cap 3.16%
Second Best
Retail
$1.54M
$1.35M – $1.80M
NOI $107,993 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,402 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33576, FL
4,879
Population
3,067
Households
1.6
Avg Household Size
64
Median Age
33%
College-Educated
95%
High-School Grad
20.7 sq mi
ZIP Area
236
Density / Sq Mi
$77,950
Median Household Income
$46,624
Median Earnings
$1,199
Median Rent
$330,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Integrated showroom, finished offices, and adaptable warehouse areas support a range of commercial operations.
Where is this flex space located?
The property is located at 11644 URADCO San Antonio, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 4,200 square feet of showroom space; 2,700 square feet of finished offices; 4,100 square feet of flexible warehouse area
