Small Warehouse with Large
For Sale
Contact for pricing
Pending
12790 49th Street N, Clearwater, FL 33762
Warehouse for sale with sizable yard and frontage on 49th Street N, offering practical space for an owner-operator.
Property Size3,750 SF
Days on Market103
Property Features for 12790 49th Street N
General Information
Standard status
Pending
Size
3,750 SF
Property subtype
Retail, Office, Industrial
Zoning
E-1 Employment (Unincorporated Pinellas County)
Lease Type
Modified Gross
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1970
Year Renovated
2016
Stories
1
Tenancy
Single
Listing Agency:
Sauter & Associates
Listed By:
Buddy Sauter · License #FL 3123039
Source:
Crexi
Added: May 28
Changed: Aug 10
Last Checked: Aug 9 at 3:28PM
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 Sauter & Associates
Investment Insights
Based on property information with market context.
This offering is a small warehouse property complemented by a large yard, configured to support day-to-day storage and work needs for an owner-user. The building totals 3,750 square feet, and the site is described as having big yard space alongside prime street frontage on 49th Street N.
Access is provided from US Hwy 19 (34th Street) in Pinellas County. Directions in the listing indicate taking the Ulmerton Road (FL-688) exit, traveling west approximately 2 miles, then turning north on 49th Street North and proceeding about 0.3 miles to the property on the right at 12790 49th Street North.
For tenants or buyers looking for an industrial-style setup, the combination of warehouse space and yard area can fit a range of owner-operator uses where outside storage and straightforward access matter. The prominent frontage on 49th Street N adds visibility for businesses that benefit from being readily located from the main roadway.
Access is provided from US Hwy 19 (34th Street) in Pinellas County. Directions in the listing indicate taking the Ulmerton Road (FL-688) exit, traveling west approximately 2 miles, then turning north on 49th Street North and proceeding about 0.3 miles to the property on the right at 12790 49th Street North.
For tenants or buyers looking for an industrial-style setup, the combination of warehouse space and yard area can fit a range of owner-operator uses where outside storage and straightforward access matter. The prominent frontage on 49th Street N adds visibility for businesses that benefit from being readily located from the main roadway.
Key Highlights
- Small warehouse built in 1970
- Sizable yard included with the warehouse
- Prime frontage on 49th Street N
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
$44,888
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
3.90%
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%
$897,760
$897.8K
Cap Rate 7%
$641,257
$641.3K
Cap Rate 9%
$498,756
$498.8K
Market Conditions
NOI Build-Up for 3,750 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
$67.5K $18.00/SF
− Vacancy
−$3.4K −$0.90/SF
EGI
$64.1K $17.10/SF
− OpEx
−$19.2K −$5.13/SF
NOI
$44.9K $11.97/SF
Area
Clearwater, FL
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$897,760
Cap Rate 7%
$641,257
Cap Rate 9%
$498,756
Alternative Uses
Best Use
Retail
$641.3K
$561.1K – $748.1K
NOI $44,888 @ 7.0% cap · market cap 3.90%
Second Best
Warehouse
$451.1K
$394.8K – $526.3K
NOI $31,580 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.05M
$920.6K – $1.23M
NOI $73,647 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33762, FL
5,572
Population
3,117
Households
1.8
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
7.1 sq mi
ZIP Area
785
Density / Sq Mi
$91,024
Median Household Income
$51,596
Median Earnings
$1,711
Median Rent
$332,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse for sale with sizable yard and frontage on 49th Street N, offering practical space for an owner-operator.
Where is this warehouse located?
The property is located at 12790 49th Street N Clearwater, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Small warehouse built in 1970; Sizable yard included with the warehouse; Prime frontage on 49th Street N
