Warehouse For
1540 12th St E Palmetto, FL 34221
1540 12th St E, Palmetto, FL, 34221
Contact for pricing
For Sale
Contact for pricing
For sale warehouse property in Palmetto, Florida, offering 10,540 square feet of space.
Property Size10,540 SF
Price / SF$175.52
Days on Market91
Property Features for 1540 12th St E
General Information
- Standard status
- Active
- Size
- 10,540 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1994
Listing agency
Matthews
Listed by
Nick Watson · License #3469703
Source
Crexi
Added: Apr 22 Updated: Jul 21 at 1:59PM Checked: Jul 21 at 1:59PM
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 Matthews
Investment Insights
Based on property information with market context.
This for-sale warehouse property at 1540 12th St E in Palmetto, Florida provides approximately 10,540 square feet of commercial space. The offering is listed under Warehouses/Other warehouses as part of a Commercial real estate transaction.
The property is located in Palmetto (34221). For additional brokerage details, the public remarks identify Kyle Matthews as Broker of Record with Matthews Real Estate Investment Services, Inc.
The property is located in Palmetto (34221). For additional brokerage details, the public remarks identify Kyle Matthews as Broker of Record with Matthews Real Estate Investment Services, Inc.
Key Highlights
- Warehouse property for sale in Palmetto, Florida
- 10,540 SF of warehouse space
- Built in 1994
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.5k | $12.48 |
| − Vacancy | −$4.9k | −$0.46 |
| EGI | $126.7k | $12.02 |
| − OpEx | −$19.0k | −$1.80 |
| NOI | $107.7k | $10.22 |
10,540 SF · lease $12.48/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.54M
$1.35M – $1.79M
NOI $107,671 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.10M
$2.71M – $3.62M
NOI $216,964 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sunstar Foods
Bakery
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FAQs
What type of property is this?
Warehouse - For sale warehouse property in Palmetto, Florida, offering 10,540 square feet of space.
Where is this warehouse located?
The property is located at 1540 12th St E Palmetto, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Warehouse property for sale in Palmetto, Florida; 10,540 SF of warehouse space; Built in 1994
