Warehouse Building with Roof
New
For Sale
$3,000,000
6301 N 82nd Ave, Pinellas Park, FL 33781
The asset combines recent building upgrades with existing full-service gross occupancy.
Property Size25,309 SF
Days on Market5
Property Features for 6301 N 82nd Ave
General Information
Standard status
Active
Size
25,309 SF
Property subtype
Commercial
Occupancy
82%
Additional Details
Highway Access
Yes
Building Details
Building Size
25,309 SF
Units
18
Listing Agency:
Matthews Real Estate Investment Services | Fort Lauderdale
(727) 579-8449
Listed By:
Nick Watson · License #SL3469703 (FL)
(727) 579-8449
Source:
Matthews
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 4:38AM
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 Matthews Real Estate Investment Services | Fort Lauderdale
Investment Insights
Based on property information with market context.
This warehouse property is leased on a full-service gross basis with short-term commitments. Approximately two-thirds of the building’s roof has been replaced, providing a documented capital improvement to the existing facility. The property is located at 6301 N 82nd Ave in Pinellas Park, Florida, within the South Pinellas Industrial Submarket of the Tampa MSA.
The site sits between US Highway 19 and Interstate 275, offering connections to major regional transportation routes. US Highway 19 carries approximately 78,500 AADT, while Interstate 275 carries approximately 152,000 AADT. The property’s location places it within Pinellas County and the broader Tampa metropolitan area.
The site sits between US Highway 19 and Interstate 275, offering connections to major regional transportation routes. US Highway 19 carries approximately 78,500 AADT, while Interstate 275 carries approximately 152,000 AADT. The property’s location places it within Pinellas County and the broader Tampa metropolitan area.
Key Highlights
- Approximately two‑thirds of the building’s roof has been replaced
- Leased on a full‑service gross basis with short‑term commitments
- Located at 6301 N 82nd Ave, Pinellas Park, FL 33781
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
$213,138
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
7.10%
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%
$4,262,760
$4.3M
Cap Rate 7%
$3,044,829
$3.0M
Cap Rate 9%
$2,368,200
$2.4M
Market Conditions
NOI Build-Up for 25,309 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
$264.2K $10.44/SF
− Vacancy
−$13.5K −$0.53/SF
EGI
$250.8K $9.91/SF
− OpEx
−$37.6K −$1.49/SF
NOI
$213.1K $8.42/SF
Area
Pinellas County, FL
Vacancy
5.10%
Lease Rate
$10.44 /SF/Yr
Expense Ratio
15.00%
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%
$4,262,760
Cap Rate 7%
$3,044,829
Cap Rate 9%
$2,368,200
Alternative Uses
Best Use
Warehouse
$3.04M
$2.66M – $3.55M
NOI $213,138 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.58M
$5.76M – $7.68M
NOI $460,815 @ 7.0% cap · market cap 15.36%
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
762
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33781, FL
27,349
Population
12,370
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
82%
High-School Grad
6.6 sq mi
ZIP Area
4,144
Density / Sq Mi
$55,378
Median Household Income
$37,039
Median Earnings
$1,197
Median Rent
$251,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Economy Storage Warehouse — 6581 47th St N, Pinellas Park, FL 33781
- FLORIDIAN MOVERS — U.S. Hwy 19, PINELLAS PARK, FL 33781
- Eight Brothers Moving Company, Inc. — 7240 62nd Way N, Pinellas Park, FL 33781
- Extra Space Storage — 8610 66th St N, Pinellas Park, FL 33782
- Extra Space Storage — 6901 Park Blvd, Pinellas Park, FL 33781
Frequently Asked Questions
What type of property is this?
Warehouse - The asset combines recent building upgrades with existing full-service gross occupancy.
Where is this warehouse located?
The property is located at 6301 N 82nd Ave Pinellas Park, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Approximately two‑thirds of the building’s roof has been replaced; Leased on a full‑service gross basis with short‑term commitments; Located at 6301 N 82nd Ave, Pinellas Park, FL 33781
