New Industrial Building on State
For Sale
$7,900,000
10012 State Road 52, Hudson, FL 34669
Newly constructed, fully air-conditioned 45,000 SF industrial building for sale.
Property Size45,000 SF
Lot Size4.05 Acres
Price / SF$175.56
Days on Market566
Property Features for 10012 State Road 52
General Information
Standard status
Active
Size
45,000 SF
Lot size
4.05 Acres
Taxes and HOA fees
Annual Taxes
$6,244
Listing Agency:
florida luxury realty inc
(727) 372-6611
Listed By:
Alex Fitchett · License #3603091
(727) 372-6611
Source:
Exprealty
Added: Feb 4, 2025
Changed: Aug 20
Last Checked: Aug 24 at 11:59AM
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 florida luxury realty inc
Investment Insights
Based on property information with market context.
This is a newly constructed, fully air-conditioned and insulated steel building, completed in 2024, offering 45,000 square feet of space. The commercial property is situated on a single parcel spanning 4.05+ acres, featuring landscaping. It is located directly on State Road 52, approximately 3 miles east of U.S. Highway 19 and approximately 6 miles west of the Suncoast Parkway. The property includes 3-phase electricity. The building features steel framing and metal construction with a steel frame/truss roof, complete with full wall and ceiling insulation. Interior finishes consist of concrete flooring and automatic fluorescent lighting. A sprinkler system is installed throughout the building. The building has 12-foot eave heights and a central ridge/building peak at approximately 20 feet. The air conditioning system includes four 20-ton units, providing a total of 80 tons of A/C. The front entrance features double glass doors, with five additional exit doors located throughout the building. There are four bay/overhead doors, with two on the rear side and two on the west side of the building. The property includes four accessible restrooms with epoxy floors, a water closet, and a fire sprinkler room. A paved road extends around the building to the back, providing an expanded parking area. The driveway entrance is accessible from the eastbound direction of travel along State Road 52.
Key Highlights
- Brand new (2024) 45,000 SF fully air‑conditioned and insulated steel building.
- Prime commercial location directly on State Road 52 with 4.05+ acres of landscaped land.
- Equipped with 3‑phase electricity and an 80‑TON A/C system (4 x 20‑ton units).
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
$438,441
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
5.55%
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%
$8,768,820
$8.8M
Cap Rate 7%
$6,263,443
$6.3M
Cap Rate 9%
$4,871,567
$4.9M
Market Conditions
NOI Build-Up for 45,000 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
$562.5K $12.50/SF
− Vacancy
−$46.7K −$1.04/SF
EGI
$515.8K $11.46/SF
− OpEx
−$77.4K −$1.72/SF
NOI
$438.4K $9.74/SF
Area
Pasco County, FL
Vacancy
8.30%
Lease Rate
$12.50 /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%
$8,768,820
Cap Rate 7%
$6,263,443
Cap Rate 9%
$4,871,567
Alternative Uses
Best Use
Warehouse
$6.26M
$5.48M – $7.31M
NOI $438,441 @ 7.0% cap · market cap 5.55%
Second Best
Industrial
$5.16M
$4.51M – $6.02M
NOI $361,069 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$10.25M
$8.97M – $11.96M
NOI $717,552 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34669, FL
15,089
Population
6,747
Households
2.2
Avg Household Size
47
Median Age
14%
College-Educated
87%
High-School Grad
18.7 sq mi
ZIP Area
807
Density / Sq Mi
$52,648
Median Household Income
$44,566
Median Earnings
$1,285
Median Rent
$219,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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 - Newly constructed, fully air-conditioned 45,000 SF industrial building for sale.
Where is this warehouse located?
The property is located at 10012 State Road 52 Hudson, FL.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Brand new (2024) 45,000 SF fully air‑conditioned and insulated steel building.; Prime commercial location directly on State Road 52 with 4.05+ acres of landscaped land.; Equipped with 3‑phase electricity and an 80‑TON A/C system (4 x 20‑ton units).
