Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1500 L And R Industrial Blvd, Unit D Tarpon Springs, FL 34689

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $240,000

    20,000 SF warehouse with paint booth and storage.

    Lot size:
    7.84 Acres

    Property Features for 1500 L And R Industrial Blvd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    7.84 Acres

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Mark Ganier
    Mark Ganier
    Source: Elliman

    Listing Agency: RE/MAX REALTEC GROUP INC Listing Agent: Mark Ganier

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Tarpon Springs Warehouse with Paint Booth

    Located in the Tarpon Springs Industrial Park, this warehouse space offers convenient access from L&R Industrial Boulevard within a highly industrialized area. Designated as Building D, the property was constructed in 2007. It features 20,000 square feet of flexible space, complemented by a 17-foot clear height and 15 grade-level loading doors. The layout includes 1,200 square feet of office area and a 2,000 square foot industrial paint booth. The lease provides access to approximately 0.83 acres of outdoor storage adjacent to the building. The base building lease rate is $12.00 per square foot, with CAM at $4.00 per square foot annually. The property is suitable for warehouse, industrial, office, manufacturing, and other commercial real estate uses.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Belle Harbour Marina, Mar-Marina, Carefree Boat Club, Anclote Road Commercial and Rental, Anclote Harbors Marina

    Location Insight

    • Map
    • Local Demand
    City
    Tarpon Springs
    County
    Pasco
    State
    Florida
    Longitude
    -82.765238
    Latitude
    28.166172

    Nearby Similar for Lease

    • $13 SF/Yr
      24,000 SF

      New Warehouse Near Downtown Tarpon

      Clean, well-maintained warehouse space near downtown Tarpon Springs, Florida.
      535 Brady Rd, Tarpon Springs, FL 34689
      View Details
    • $12 SF/Yr
      23,000 SF

      Mixed-Use Facility Near Downtown

      Well-maintained mixed-use facility near downtown Tarpon Springs. Ample parking.
      140 Oscar Hill Rd, Tarpon Springs, FL 34689
      View Details
    • $5,305 /Mo

      Retail Space on US 19

      Retail space for rent with high traffic and great parking.
      39930 Us Highway 19 N, Tarpon Springs, FL 34689
      View Details
    • $5,305 /Mo

      Retail Space on US 19

      Retail space with high traffic and great parking available forrent.
      39930 Us Highway 19 N, Tarpon Springs, FL 34689
      View Details
    • $25 SF/Yr
      700 SF

      Renovated Office Space Available

      Turn-key office space in Tarpon Springs, ideal for small business.
      1888 S Pinellas Ave, Tarpon Springs, FL 34689
      View Details
    • $13 SF/Yr
      800 SF

      Professional Office Space Available

      800 SF office space in Tarpon Professional Center.
      1501 S Pinellas Ave, Tarpon Springs, FL 34689
      View Details
    • $1,000 /Mo
      600 SF

      Retail/Office Space on US Hwy

      Two 600 SF units available in well-maintained Tarpon Springs center.
      40417 Us Highway 19 N, Tarpon Springs, FL 34689
      View Details
    • $44,000

      Prime Office Space For Lease

      Spacious office space near Advent Health North Pinellas Hospital.
      1744 S Pinellas Ave, Tarpon Springs, FL 34689
      View Details
    • $19,500 /Mo

      New Warehouse Space For Rent

      Warehouse space near Downtown Tarpon Springs and Pinellas Trail.
      495 Brady Rd, Tarpon Springs, FL 34689
      View Details
    • $144,000

      Tarpon Springs Warehouse Space Available

      Warehouse space in industrial park with flexible layout.
      1468 L And R Industrial Blvd, Tarpon Springs, FL 34689
      View Details
    • $240,000

      Tarpon Springs Warehouse with Storage

      20,000 SF warehouse with office and outdoor storage.
      1500 L And R Industrial Blvd, Tarpon Springs, FL 34689
      View Details
    • Contact for pricing
      1,744 SF

      Warehouse/Garage Space Available

      Warehouse/Garage space available immediately in Tarpon Springs, Florida.
      1845 Pinellas Ave, Tarpon Springs, FL 34689
      View Details

    FAQs

    What type of property is this?
    Warehouse - 20,000 SF warehouse with paint booth and storage.
    Where is this warehouse located?
    The property is located at 1500 L And R Industrial Blvd, Unit D Tarpon Springs, FL.
    What is the lease rate?
    The lease rate is $240,000.
    What are key features of this property?
    This property features: - 20,000 SF of flexible warehouse space.; - Access to 0.83 acres MOL of outdoor storage.; - Features a 2,000 SF industrial paint booth.
    (727) 403-5611
    Request Owner's contact information
    1500 L And R Industrial Blvd, Unit D Tarpon Springs, FL 34689
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1500 L And R Industrial Blvd, Unit D
    Tarpon Springs, FL 34689
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1500 L And R Industrial Blvd, Unit D Tarpon Springs, FL 34689
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mark Ganier
    Mark Ganier
    Real Estate License ID: 201
    (727) 403-5611 (727) 789-5555
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!