Tenant-Occupied Warehouse
For Sale
Contact for pricing
13195 49th Street North, Clearwater, FL 33762
Approximately 20,000 square feet with tenants in place at a Clearwater commercial address.
Property Size20,000 SF
Price / SF$180
Days on Market16
Property Features for 13195 49th Street North
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Industrial
Listing Agency:
Matthews
Listed By:
Nick Watson · License #3469703
Source:
Crexi
Added: Aug 31
Changed: Sep 9
Last Checked: Sep 15 at 4:44AM
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
Investment Insights
Based on property information with market context.
This warehouse property contains approximately 20,000 square feet and is available for purchase with tenants already in place. The asset is located at 13195 49th Street North in Clearwater, Florida 33762.
Key Highlights
- Approximately 20,000 SF of warehouse space
- Tenants are already in place
- 13195 49th Street North, Clearwater, FL 33762
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
$168,429
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
4.68%
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%
$3,368,580
$3.4M
Cap Rate 7%
$2,406,129
$2.4M
Cap Rate 9%
$1,871,433
$1.9M
Market Conditions
NOI Build-Up for 20,000 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
$208.8K $10.44/SF
− Vacancy
−$10.6K −$0.53/SF
EGI
$198.2K $9.91/SF
− OpEx
−$29.7K −$1.49/SF
NOI
$168.4K $8.42/SF
Area
Clearwater, 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%
$3,368,580
Cap Rate 7%
$2,406,129
Cap Rate 9%
$1,871,433
Alternative Uses
Best Use
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,429 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.61M
$4.91M – $6.55M
NOI $392,782 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,223
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Approximately 20,000 square feet with tenants in place at a Clearwater commercial address.
Where is this warehouse located?
The property is located at 13195 49th Street North Clearwater, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Approximately 20,000 SF of warehouse space; Tenants are already in place; 13195 49th Street North, Clearwater, FL 33762
