Multi-Building Flex
201 TARPON INDUSTRIAL DRIVE 3 Tarpon Springs, FL 34689
201 TARPON INDUSTRIAL DRIVE 3, Tarpon Springs, FL, 34689
$1,300,000
Pending
For Sale
$1,300,000
Pending
One-story flex warehouse with multiple separate buildings, roll-up doors, private entries, and several 3-phase power units.
Property Size7,760 SF
Days on Market470
Property Features for 201 TARPON INDUSTRIAL DRIVE 3
General Information
- Standard status
- Pending
- Size
- 7,760 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1988
Listing agency
DALTON WADE INC
(727) 236-7203
Listed by
Stacey Muller · License #3424542
(727) 236-7203
Source
Exitrealty
Added: Apr 9, 2025 Updated: Jul 22 at 1:09PM Checked: Jul 22 at 1:09PM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This one-story flex warehouse totals 7,760 heated square feet and is served by multiple separate buildings. The property includes 2 lots, with Building 1 on Lot 1 and space to build a duplicate building on Lot 2. There are three phase units mentioned in the remarks, and the site features garage bays, roll-up doors, double work bays, and insulated ceilings.
The configuration is supported by six separate buildings with separate electric meters. On-site amenities include an on-site conference area, bathrooms with showers, a deck in the back area, exterior lighting, security, and fire extinguishers throughout. Parking is described as available on the west side on Lot 2, and the property includes private entry access.
Additional operational details provided include “plenty of storage” and garage space such as “Garage 5,” with one “3 Phase Unit” specifically noted in the remarks. The property is also described as diversified for renting out and for adding additional space.
The configuration is supported by six separate buildings with separate electric meters. On-site amenities include an on-site conference area, bathrooms with showers, a deck in the back area, exterior lighting, security, and fire extinguishers throughout. Parking is described as available on the west side on Lot 2, and the property includes private entry access.
Additional operational details provided include “plenty of storage” and garage space such as “Garage 5,” with one “3 Phase Unit” specifically noted in the remarks. The property is also described as diversified for renting out and for adding additional space.
Key Highlights
- One‑story flex warehouse built in 1988 with 7,760 heated SF on 2 lots
- Includes multiple separate buildings with 6 separate electric meters
- Space on Lot 2 for potential expansion, including room to build a duplicate building
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 | $139.7k | $18.00 |
| − Vacancy | −$11.2k | −$1.44 |
| EGI | $128.5k | $16.56 |
| − OpEx | −$45.0k | −$5.80 |
| NOI | $83.5k | $10.76 |
7,760 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.19M
$1.04M – $1.39M
NOI $83,529 @ 7.0% cap · market cap 6.43%
Second Best
Warehouse
$1.08M
$945.1K – $1.26M
NOI $75,607 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,738 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - One-story flex warehouse with multiple separate buildings, roll-up doors, private entries, and several 3-phase power units.
Where is this flex space located?
The property is located at 201 TARPON INDUSTRIAL DRIVE 3 Tarpon Springs, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: One‑story flex warehouse built in 1988 with 7,760 heated SF on 2 lots; Includes multiple separate buildings with 6 separate electric meters; Space on Lot 2 for potential expansion, including room to build a duplicate building
