Two-Unit Industrial Flex
1170 Gould Street CLEARWATER Clearwater, FL 33756
For Sale
$1,050,000
Two fully leased warehouse units offer office space, controlled-environment interiors, and ample on-site parking.
Property Size4,942 SF
Price / SF$212.46
Days on Market23
Property Features for 1170 Gould Street CLEARWATER
General Information
- Standard status
- Active
- Size
- 4,942 SF
Building Details
- Year Built
- 1988
Listing Agency:
(407) 890-1354
Listed By:
Matthew Kester
(407) 890-1354
Source:
Therealestatecollection
Added: Jul 3
Changed: Jul 23
Last Checked: Jul 25 at 3:18AM
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 Matthew Kester
Investment Insights
Based on property information with market context.
This industrial flex warehouse includes two separate leased units. Unit 1 is the larger space and features three private offices, two restrooms, a reception area, and oversized storage leading to a large open warehouse/studio area with approximately 30-foot ceilings. Unit 2 includes a private office, kitchenette, restroom, and an open warehouse footprint suitable for a range of service-based, distribution, or flex industrial uses.
The property provides fully air-conditioned warehouse and office areas and includes approximately 20+ on-site parking spaces. The space has no bay doors, which may make it a better fit for controlled-environment operations such as studios, specialty uses, or showroom-style applications.
Situated at 1170 Gould Street in Clearwater, the building is positioned as a two-tenant income-producing asset with immediate occupancy based on the existing leases.
The property provides fully air-conditioned warehouse and office areas and includes approximately 20+ on-site parking spaces. The space has no bay doors, which may make it a better fit for controlled-environment operations such as studios, specialty uses, or showroom-style applications.
Situated at 1170 Gould Street in Clearwater, the building is positioned as a two-tenant income-producing asset with immediate occupancy based on the existing leases.
Key Highlights
- Two fully leased industrial warehouse units with office and warehouse space; ownership can retain both tenants or deliver the larger unit vacant at closing
- Large unit includes three private offices, two restrooms, reception area, oversized storage, and open warehouse/studio space with ~30‑foot ceilings
- Second unit features a private office, kitchenette, restroom, and open warehouse footprint for service, distribution, or flex industrial use
Financial Insights For Flex RnD
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 | $72.9k | $14.76 |
| − Vacancy | −$4.2k | −$0.84 |
| EGI | $68.8k | $13.92 |
| − OpEx | −$24.1k | −$4.87 |
| NOI | $44.7k | $9.05 |
4,942 SF · lease $14.76/SF/yr · vacancy 5.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$638.7K
$558.9K – $745.2K
NOI $44,711 @ 7.0% cap · market cap 4.26%
Second Best
Warehouse
$594.6K
$520.2K – $693.7K
NOI $41,619 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,056 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Windows BY Zager
Hardware & Home Improvement
Second Amendment Gun ...
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Flex space - Two fully leased warehouse units offer office space, controlled-environment interiors, and ample on-site parking.
Where is this flex space located?
The property is located at 1170 Gould Street CLEARWATER Clearwater, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two fully leased industrial warehouse units with office and warehouse space; ownership can retain both tenants or deliver the larger unit vacant at closing; Large unit includes three private offices, two restrooms, reception area, oversized storage, and open warehouse/studio space with ~30‑foot ceilings; Second unit features a private office, kitchenette, restroom, and open warehouse footprint for service, distribution, or flex industrial use
