Multi-Tenant Industrial
For Sale
Contact for pricing
208 14th Street North, St Petersburg, FL 33705
Insulated warehouse with separate spaces, roll-up access, and flexible occupancy options.
Property Size5,000 SF
Price / SF$290
Days on Market62
Property Features for 208 14th Street North
General Information
Standard status
Active
Size
5,000 SF
Class
C
Total Parking Spaces
8
Property subtype
Industrial
Zoning
IT
Lease Type
NNN
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Vector Commercial Real Estate
(727) 823-1230
Listed By:
Ned Willis · License #FL 499932
Source:
Crexi
Added: Jul 1
Changed: Aug 30
Last Checked: Aug 30 at 10:02PM
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 Vector Commercial Real Estate
Investment Insights
Based on property information with market context.
This approximately 5,000-square-foot warehouse is arranged for multi-tenant occupancy, with separate Unit A and Unit B spaces. The building is fully insulated and offers 18-foot clear heights, supporting a range of industrial and commercial operations. Four roll-up doors provide practical loading and access for occupants.
Unit A is leased month-to-month, while Unit B is scheduled to become available August 1st, 2026. The property is zoned IT and located in the EDGE District of St. Petersburg, minutes from Downtown St. Petersburg and surrounded by established businesses. Its location provides access to areas throughout the city.
Unit A is leased month-to-month, while Unit B is scheduled to become available August 1st, 2026. The property is zoned IT and located in the EDGE District of St. Petersburg, minutes from Downtown St. Petersburg and surrounded by established businesses. Its location provides access to areas throughout the city.
Key Highlights
- Approximately 5,000 SF multi‑tenant warehouse
- Four roll‑up doors for loading and building access
- 18‑foot clear ceiling heights
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
$45,236
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
3.12%
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%
$904,720
$904.7K
Cap Rate 7%
$646,229
$646.2K
Cap Rate 9%
$502,622
$502.6K
Market Conditions
NOI Build-Up for 5,000 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
$73.8K $14.76/SF
− Vacancy
−$4.2K −$0.84/SF
EGI
$69.6K $13.92/SF
− OpEx
−$24.4K −$4.87/SF
NOI
$45.2K $9.05/SF
Area
Pinellas County, FL
Vacancy
5.70%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
35.00%
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%
$904,720
Cap Rate 7%
$646,229
Cap Rate 9%
$502,622
Alternative Uses
Best Use
Flex RnD
$646.2K
$565.5K – $753.9K
NOI $45,236 @ 7.0% cap · market cap 3.12%
Second Best
Warehouse
$601.5K
$526.3K – $701.8K
NOI $42,107 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,038 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,124
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
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?
Warehouse - Insulated warehouse with separate spaces, roll-up access, and flexible occupancy options.
Where is this warehouse located?
The property is located at 208 14th Street North St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Approximately 5,000 SF multi‑tenant warehouse; Four roll‑up doors for loading and building access; 18‑foot clear ceiling heights
