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    Tarpon Springs Warehouse with Spray Booth Title is generated by Realmo AI

    1468 L AND R INDUSTRIAL Blvd Bldg. B, Tarpon Springs, FL 34689

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    For Lease
    $144,000 SF/Yr $144,000,000/Mo (calc)

    Flexible warehouse space with paint spray booth, ideal for auto repair.

    Type:Commercial
    Property size:
    12,000 SF
    Added:
    May 12, 2026
    Days on Market:
    16
    Last Refresh:
    May 12 at 9:18 pm

    Property Features for 1468 L AND R INDUSTRIAL Blvd Bldg. B

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1983

    We can help!

    Listing Contact
    Mark Ganier
    Mark Ganier

    Listing agent Mark Ganier License #201

    Listing office RE/MAX REALTEC GROUP INC

    Listing date May 12, 2026

    Source Elliman

    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 RE/MAX REALTEC GROUP INC

    HighLights

    • 12,000 SF of flexible warehouse space, divisible into two 6,000 SF bays.
    • Located in the established Tarpon Springs Industrial Park with easy access from L and R Industrial Boulevard.
    • Zoned IR (Industrial Restricted District).
    • Includes a paint spray booth, suitable for auto repair and/or body shop.
    • 14‑foot clear height with 6 grade‑level loading doors.
    • 24‑hour access and paved parking.

    Overview

    Located in the Tarpon Springs Industrial Park, Building B offers 12,000 square feet of flexible warehouse space, divisible into two 6,000 square foot bays. The property features a paint spray booth, making it suitable for uses such as auto repair and body shops. The building has a 14-foot clear height and includes 6 grade-level loading doors. The property benefits from 24-hour access and paved parking. It is zoned IR (Industrial Restricted District). The location provides easy access from L and R Industrial Boulevard within a highly industrialized area of Tarpon Springs. Additional spaces are available in this industrial park, including 1,625 to 3,250 square feet in Building A and 10,000 to 20,000 square feet in Building D. The location has a walk score of 73, indicating it is very walkable, a bike score of 58, indicating it is bikeable, and a transit score of 26, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Belle Harbour Marina — 307 Anclote Rd, Tarpon Springs, FL 34689
    • Mar-Marina — 761 Anclote Rd, Tarpon Springs, FL 34689
    • Carefree Boat Club — 527 Anclote Rd #130, Tarpon Springs, FL 34689
    • Anclote Road Commercial and Rental — 500 Anclote Rd, Tarpon Springs, FL 34689
    • Anclote Harbors Marina — 523 Anclote Rd, Tarpon Springs, FL 34689

    Location Insight

    • Map
    • Local Demand
    City
    Tarpon Springs
    County
    Pasco
    State
    Florida
    Longitude
    -82.765236
    Latitude
    28.165997

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    FAQs

    What type of property is this?
    Warehouse - Flexible warehouse space with paint spray booth, ideal for auto repair.
    Where is this warehouse located?
    The property is located at 1468 L AND R INDUSTRIAL Blvd Bldg. B Tarpon Springs, FL.
    What is the lease rate?
    The lease rate is $144,000.
    What are key features of this property?
    This property features: 12,000 SF of flexible warehouse space, divisible into two 6,000 SF bays.; Located in the established Tarpon Springs Industrial Park with easy access from L and R Industrial Boulevard.; Zoned IR (Industrial Restricted District).
    (727) 403-5611
    We can help!
    Listing Contact
    Mark Ganier
    Mark Ganier
    Real Estate License ID: 201
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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