Industrial Warehouse with
1865 Massaro Boulevard, Tampa, FL 33619
For Sale
Contact for pricing
A single-tenant facility occupied by Sunbelt Rentals under a NN lease with annual rent escalations.
Property Size21,948 SF
Lot Size1.55 Acres
Price / SF$222.34
Days on Market44
Property Features for 1865 Massaro Boulevard
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Outdoor Storage
Additional Details
Tenant in Place
Property Use
Building Details
Year Built
Building Size
Tenancy
Listing Agency:
JLL Miami | Brickell Avenue
Listed By:
Josh Katlin · License IL 475.202814
(312) 228-2062
Source:
Crexi
Added: Sep 30
Changed: Nov 12
Last Checked: Nov 12 at 8:27AM
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 JLL Miami | Brickell Avenue
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Investment Insights
Based on property information with market context.
Built in 2007, this 21,948-square-foot industrial facility sits on a 1.55-acre parcel with an expansive yard. Sunbelt Rentals occupies the property under a NN lease that includes 3.50% annual rent escalations and one five-year renewal option. The renewal rent is set at the then-prevailing rate, subject to a floor at the final-year rent, with annual increases of at least 3.50% during the option period.
The property is in Tampa’s East Tampa industrial submarket, minutes from the I-4 and I-75 interchange. It also offers access to Port Tampa Bay and is adjacent to Sabal Park, a business and industrial hub.
The property is in Tampa’s East Tampa industrial submarket, minutes from the I-4 and I-75 interchange. It also offers access to Port Tampa Bay and is adjacent to Sabal Park, a business and industrial hub.
Key Highlights
- Sunbelt Rentals is the single tenant under a NN lease
- 21,948‑square‑foot facility on a 1.55‑acre parcel
- Expansive yard area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$323,682
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,473,640
$6.5M
Cap Rate 7%
$4,624,029
$4.6M
Cap Rate 9%
$3,596,467
$3.6M
Market Conditions
NOI Build-Up for 21,948 SF
Gross rent
$403.0K $18.36/SF
− Vacancy
−$22.2K −$1.01/SF
EGI
$380.8K $17.35/SF
− OpEx
−$57.1K −$2.60/SF
NOI
$323.7K $14.75/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,473,640
Cap Rate 7%
$4,624,029
Cap Rate 9%
$3,596,467
Alternative Uses
Best Use
Warehouse
$4.62M
$4.05M – $5.39M
NOI $323,682 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.11M
$4.47M – $5.97M
NOI $357,928 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33619, FL
39,881
Population
15,360
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
27.5 sq mi
ZIP Area
1,450
Density / Sq Mi
$63,193
Median Household Income
$38,448
Median Earnings
$1,618
Median Rent
$220,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Tampa, FL
Properties on Market for Warehouses in Tampa
Vacancy Rate% for Industrial in Tampa, FL
Similar Off Market Nearby
- A American Container | Portable Offices & Storage — 7001 E Adamo Dr, Tampa, FL 33619
- United Rentals - Storage Containers and Mobile Offices — 1502 Mckay Bay Ct Ste B, Tampa, FL 33619
- Community Moving & Storage — 1841 Massaro Blvd, Tampa, FL 33619
Frequently Asked Questions
What type of property is this?
Warehouse - A single-tenant facility occupied by Sunbelt Rentals under a NN lease with annual rent escalations.
Where is this warehouse located?
The property is located at 1865 Massaro Boulevard Tampa, FL.
What is the asking price?
The asking price for this property is $4,880,000.
What are key features of this property?
This property features: Sunbelt Rentals is the single tenant under a NN lease; 21,948‑square‑foot facility on a 1.55‑acre parcel; Expansive yard area
