Freestanding Warehouse with
For Sale
Contact for pricing
13311 60th St N, Clearwater, FL 33760
Freestanding warehouse includes slab-on-grade space, approximately 870 sf of office, and two 12-foot front-load grade doors.
Property Size6,000 SF
Price / SF$200
Days on Market220
Property Features for 13311 60th St N
General Information
Standard status
Active
Size
6,000 SF
Class
B
Property subtype
Industrial
Zoning
M-1
Building Details
Year Built
1984
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
John Burpee & Associates
Listed By:
John Burpee · License #FL cq1057398
(727) 585-2070
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Jul 22 at 5:27AM
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 John Burpee & Associates
Investment Insights
Based on property information with market context.
This freestanding warehouse property offers approximately 6,000 square feet of slab-on-grade industrial space with a prefinished engineered metal structure and about 14-foot clear span. Approximately 870 square feet of office space is included. The building features a pitched metal pan roof with gutters and includes a small rear outside storage yard. Two grade level 12-foot front-load doors provide access, and the property could be split into two separate units.
The asset is located in the Clearwater industrial corridor and is being offered for sale. The building is currently leased to a multinational firm through July 31, 2026.
The configuration supports both operational flexibility and continued tenancy, with dock-height frontage via two front-load doors and dedicated office area within the warehouse footprint.
The asset is located in the Clearwater industrial corridor and is being offered for sale. The building is currently leased to a multinational firm through July 31, 2026.
The configuration supports both operational flexibility and continued tenancy, with dock-height frontage via two front-load doors and dedicated office area within the warehouse footprint.
Key Highlights
- Free‑standing 6,000 SF warehouse in Clearwater’s industrial corridor, built in 1984
- Includes approximately 870 SF office space per public records
- Slab‑on‑grade structure with prefinished engineered metal construction and ~14‑foot clear span
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
$50,529
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
4.21%
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%
$1,010,580
$1.0M
Cap Rate 7%
$721,843
$721.8K
Cap Rate 9%
$561,433
$561.4K
Market Conditions
NOI Build-Up for 6,000 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
$62.6K $10.44/SF
− Vacancy
−$3.2K −$0.53/SF
EGI
$59.4K $9.91/SF
− OpEx
−$8.9K −$1.49/SF
NOI
$50.5K $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%
$1,010,580
Cap Rate 7%
$721,843
Cap Rate 9%
$561,433
Alternative Uses
Best Use
Warehouse
$721.8K
$631.6K – $842.2K
NOI $50,529 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,835 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,421
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33760, FL
19,565
Population
8,779
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
5.6 sq mi
ZIP Area
3,494
Density / Sq Mi
$59,489
Median Household Income
$39,509
Median Earnings
$1,446
Median Rent
$245,800
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse includes slab-on-grade space, approximately 870 sf of office, and two 12-foot front-load grade doors.
Where is this warehouse located?
The property is located at 13311 60th St N Clearwater, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Free‑standing 6,000 SF warehouse in Clearwater’s industrial corridor, built in 1984; Includes approximately 870 SF office space per public records; Slab‑on‑grade structure with prefinished engineered metal construction and ~14‑foot clear span
