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Flex/Warehouse Building For Sale

4612 N 56TH STREET Tampa, FL 33610

4612 N 56TH STREET, Tampa, FL, 33610
$4,550,000
For Sale
Claim this Listing
$4,550,000

Centrally located flex/warehouse building with multiple grade level doors.

Property Size26,107 SF
Lot Size2.87 Acres
Price / SF$174.28
AddedJun 18, 2024
Days on Market758
Last RefreshApr 6 at 3:04 am

Property Features for 4612 N 56TH STREET

General Information

Standard status
Active
Size
26,107 SF
Lot size
2.87 Acres
Property subtype
Commercial/Industrial

Building Details

Year Built
1989

Listing office SMITH & ASSOCIATES REAL ESTATE

Listing date Jun 18, 2024

Source Exitrealty

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 SMITH & ASSOCIATES REAL ESTATE


Investment Insights

Based on property information with market context.

This centrally located flex/warehouse building is designed to accommodate multiple occupants. The building is currently owner-occupied and features 13 electric meters and 10 grade-level doors, each measuring 10'x10'. The warehouse area offers a 14' clear height and tilt-wall construction. The current design includes roughly 2/3 office A/C space. Abundant surface parking is available. The property has a size of 26107 square feet.

Key Highlights

  • Centrally located flex/warehouse building.
  • Designed for multiple occupants with 13 electric meters.
  • Features 10 grade level doors (10'x10').

Local 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 $438.6k $16.80
− Vacancy −$30.7k −$1.18
EGI $407.9k $15.62
− OpEx −$142.8k −$5.47
NOI $265.1k $10.16
26,107 SF · lease $16.80/SF/yr · vacancy 7.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$3.79M
$3.31M – $4.42M (±1% cap)
NOI $265,132 @ 7.0% cap · market cap 5.83%
Second Best
Warehouse
$2.91M
$2.55M – $3.40M (±1% cap)
NOI $203,833 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$6.02M
$5.27M – $7.02M (±1% cap)
NOI $421,492 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Agency for Community Treatment ... Social Service Agency Joynes-Whidden Lara J Foster Care Service Werthmann Constance M Foster Care Service Gibbons Richard B Counselor Anthia Casanova, CAP Physician

Suggested Use

Real Estate Agency Gym & Fitness Center Pharmacy (Bike/Boat/Book/etc) Store Garden Center (Bike/Boat/Book/etc) Store Bakery (Bike/Boat/Book/etc) Store Pet Store Law Firm

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

Similar Off Market Nearby

  • motivated organized brothers — 3012 Dodge St, Tampa, FL 33605
  • The Triple Threat Truck — 4914 E Broadway Ave, Tampa, FL 33605
  • Mother Shuckers 813 — 4914 E Broadway Ave, Tampa, FL 33605

FAQs

What type of property is this?
Flex space - Centrally located flex/warehouse building with multiple grade level doors.
Where is this flex space located?
The property is located at 4612 N 56TH STREET Tampa, FL.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: Centrally located flex/warehouse building.; Designed for multiple occupants with **13 electric meters**.; Features **10 grade level doors (10'x10')**.
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