Industrial Warehouse
For Sale
Contact for pricing
1444 20th St N, St Petersburg, FL 33713
IT-zoned warehouse offering convenient connections to major regional routes and surrounding residential areas.
Property Size5,954 SF
Price / SF$197.35
Days on Market155
Property Features for 1444 20th St N
General Information
Standard status
Active
Size
5,954 SF
Class
B
Property subtype
Industrial
Zoning
IT
Additional Details
Highway Access
Yes
Building Details
Year Built
1989
Buildings
1
Stories
2
Units
1
Listing Agency:
The Stroud Corporation
Listed By:
J. Mark Stroud · License #FL 3270977
Source:
Crexi
Added: Mar 31
Changed: Aug 29
Last Checked: Aug 29 at 10:59PM
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 The Stroud Corporation
Investment Insights
Based on property information with market context.
This industrial warehouse property contains 5,954 square feet and was built in 1989. The building is identified as an industrial asset and carries IT zoning, supporting evaluation for warehouse-oriented commercial use within the stated classification.
Located at 1444 20th St N in St. Petersburg, the property provides access to I-275 and US 19. Its setting also connects with surrounding residential neighborhoods, placing the warehouse within an established urban area.
Located at 1444 20th St N in St. Petersburg, the property provides access to I-275 and US 19. Its setting also connects with surrounding residential neighborhoods, placing the warehouse within an established urban area.
Key Highlights
- 5,954‑square‑foot industrial warehouse
- IT zoning
- Built in 1989
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
$43,666
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
3.72%
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%
$873,320
$873.3K
Cap Rate 7%
$623,800
$623.8K
Cap Rate 9%
$485,178
$485.2K
Market Conditions
NOI Build-Up for 5,954 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
$65.7K $11.04/SF
− Vacancy
−$3.4K −$0.56/SF
EGI
$62.4K $10.48/SF
− OpEx
−$18.7K −$3.14/SF
NOI
$43.7K $7.33/SF
Area
Pinellas County, FL
Vacancy
5.10%
Lease Rate
$11.04 /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%
$873,320
Cap Rate 7%
$623,800
Cap Rate 9%
$485,178
Alternative Uses
Best Use
Industrial
$623.8K
$545.8K – $727.8K
NOI $43,666 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,408 @ 7.0% cap · market cap 9.23%
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
1,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
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?
Industrial property - IT-zoned warehouse offering convenient connections to major regional routes and surrounding residential areas.
Where is this industrial property located?
The property is located at 1444 20th St N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 5,954‑square‑foot industrial warehouse; IT zoning; Built in 1989
