Historic Flex Building with Rail
For Sale
$1,050,000
1258 19th Street North Saint, Saint Petersburg, FL 33713
Mostly open industrial space with offices, showrooms, truck-accessible roll-ups, and rail-side dock loading.
Property Size10,320 SF
Lot Size0.32 Acres
Price / SF$101.74
Days on Market15
Property Features for 1258 19th Street North Saint
General Information
Standard status
Active
Size
10,320 SF
Lot size
0.32 Acres
Property subtype
Warehouse
Zoning
Industrial traditional
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
14 ft
Dock-High Doors
3
Drive-In Doors
4
Rail Access
Yes
Amenities
rail access
roll-up doors
dock-high loading
sign options
Building Details
Building Size
10,320 SF
Year Built
1926
Buildings
1
Construction
wood frame
Properties For Sale
at 1258 19th Street North Saint Contact us- Size
- 10,302 SF
- Lease Type
- NNN
Entire Building
Listing Agency:
KW Commercial
(727) 510-1921
Listed By:
Jon LaBudde
(727) 510-1921
Source:
Thebrokerlist
Added: Aug 16
Changed: Aug 30
Last Checked: Aug 30 at 3:11AM
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 KW Commercial
Investment Insights
Based on property information with market context.
Constructed in 1926, this flex property contains a 10,320-square-foot building on a 14,000 SF site. The interior is predominantly open, with separated office and showroom areas, approximately 14-foot clear height, and portions reaching 18 feet. Recent exterior and interior renovations have been completed. Loading includes 4 roll-up doors and 3 dock-high positions along the railroad side, with the roll-ups accommodating large trucks. Front and rear parking areas and signage opportunities are also provided.
The property is located at 1258 19th Street North near 13th Avenue North in Saint Petersburg, within Mack's Industrial Zone. It is 3 minutes from the Interstate, 4 minutes from US HWY 19 North, and 5 minutes from 4th Street North. Downtown, hospitals, and universities are 6 minutes away. Industrial traditional zoning supports uses identified in the source, including assembly, manufacturing, showroom office, distribution, flex, and equipment storage, with other uses potentially requiring accessory-use approval or a special variance.
The property is located at 1258 19th Street North near 13th Avenue North in Saint Petersburg, within Mack's Industrial Zone. It is 3 minutes from the Interstate, 4 minutes from US HWY 19 North, and 5 minutes from 4th Street North. Downtown, hospitals, and universities are 6 minutes away. Industrial traditional zoning supports uses identified in the source, including assembly, manufacturing, showroom office, distribution, flex, and equipment storage, with other uses potentially requiring accessory-use approval or a special variance.
Key Highlights
- 10,320 sf building on a 14,000 SF site
- Approximately 14 ft clear height, with some areas reaching 18 ft
- 4 truck‑accessible roll‑ups and 3 dock‑high railroad‑side loading positions
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
$93,367
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
8.89%
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%
$1,867,340
$1.9M
Cap Rate 7%
$1,333,814
$1.3M
Cap Rate 9%
$1,037,411
$1.0M
Market Conditions
NOI Build-Up for 10,320 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
$152.3K $14.76/SF
− Vacancy
−$8.7K −$0.84/SF
EGI
$143.6K $13.92/SF
− OpEx
−$50.3K −$4.87/SF
NOI
$93.4K $9.05/SF
Area
Pinellas County, FL
Vacancy
5.70%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
35.00%
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%
$1,867,340
Cap Rate 7%
$1,333,814
Cap Rate 9%
$1,037,411
Alternative Uses
Best Use
Office B
$2.29M
$2.00M – $2.67M
NOI $160,232 @ 7.0% cap · market cap 15.26%
Second Best
Flex RnD
$1.33M
$1.17M – $1.56M
NOI $93,367 @ 7.0% cap · market cap 8.89%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,902 @ 7.0% cap · market cap 17.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
3
Dock-high doors
4
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,319
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Mostly open industrial space with offices, showrooms, truck-accessible roll-ups, and rail-side dock loading.
Where is this flex space located?
The property is located at 1258 19th Street North Saint Saint Petersburg, 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: 10,320 sf building on a 14,000 SF site; Approximately 14 ft clear height, with some areas reaching 18 ft; 4 truck‑accessible roll‑ups and 3 dock‑high railroad‑side loading positions
