Air-Conditioned Warehouse
For Sale
$549,900
11665 TIMBER RIDGE, Tampa, FL 33625
One-acre site with an existing warehouse, electrical service, well water, and approved plans.
Property Size1,200 SF
Lot Size1.00 Acre
Price / SF$458.25
Days on Market9
Property Features for 11665 TIMBER RIDGE
General Information
Standard status
Active
Size
1,200 SF
Lot size
1.00 Acre
Property subtype
Land
Warehouse & Industrial
Warehouse Space
1,200 SF
Conditioned Warehouse
Yes
Additional Details
Utilities to Site
Yes
Entitled
Yes
Taxes and HOA fees
Annual Taxes
$1,891
Building Details
Buildings
1
Building Size
1,200 SF
Listing Agency:
(813) 817-8803
Listed By:
Esther Fleitas Padron
(813) 817-8803
Source:
Elliman
Added: Aug 21
Changed: Aug 26
Last Checked: Aug 29 at 11:42AM
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 Esther Fleitas Padron
Investment Insights
Based on property information with market context.
This warehouse property includes a 30' x 40' structure totaling approximately 1,200 square feet. The building is air-conditioned and has electricity, providing an existing enclosed improvement for storage, workspace, or equipment-related needs. Well water is also available on the property, and approved plans are included.
The site encompasses approximately 1 acre at 11665 Timber Ridge in Tampa, Florida. Lot dimensions are approximately 132 x 330, providing substantial outdoor area alongside the warehouse. The property is located in the 33625 ZIP code and includes the existing warehouse improvement together with the listed utility features and plans.
The site encompasses approximately 1 acre at 11665 Timber Ridge in Tampa, Florida. Lot dimensions are approximately 132 x 330, providing substantial outdoor area alongside the warehouse. The property is located in the 33625 ZIP code and includes the existing warehouse improvement together with the listed utility features and plans.
Key Highlights
- Approximately 1‑acre warehouse property at 11665 Timber Ridge, Tampa, FL 33625
- Existing 30' x 40' warehouse totaling approximately 1,200 sq. ft.
- Air conditioning and electricity are installed in the warehouse
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
$17,697
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
3.22%
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%
$353,940
$353.9K
Cap Rate 7%
$252,814
$252.8K
Cap Rate 9%
$196,633
$196.6K
Market Conditions
NOI Build-Up for 1,200 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
$22.0K $18.36/SF
− Vacancy
−$1.2K −$1.01/SF
EGI
$20.8K $17.35/SF
− OpEx
−$3.1K −$2.60/SF
NOI
$17.7K $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%
$353,940
Cap Rate 7%
$252,814
Cap Rate 9%
$196,633
Alternative Uses
Best Use
Warehouse
$252.8K
$221.2K – $295.0K
NOI $17,697 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$279.6K
$244.6K – $326.2K
NOI $19,570 @ 7.0% cap · market cap 3.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33625, FL
28,704
Population
12,025
Households
2.4
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
9.0 sq mi
ZIP Area
3,189
Density / Sq Mi
$83,907
Median Household Income
$46,483
Median Earnings
$1,797
Median Rent
$341,600
Median Home Value
Market
Vacancy Rate% for Industrial in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - One-acre site with an existing warehouse, electrical service, well water, and approved plans.
Where is this warehouse located?
The property is located at 11665 TIMBER RIDGE Tampa, FL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Approximately 1‑acre warehouse property at 11665 Timber Ridge, Tampa, FL 33625; Existing 30' x 40' warehouse totaling approximately 1,200 sq. ft.; Air conditioning and electricity are installed in the warehouse
