Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Air-Conditioned Warehouse with Mezzanine Title is generated by Realmo AI

    2540 118th Ave N, Saint Petersburg, FL 33716

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    25,223 SF warehouse with office and mezzanine space.

    Type:industrial
    Property size:
    25,223 SF
    Lot size:
    1.14 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 14 at 8:24 pm

    Property Features for 2540 118th Ave N

    General Information

    Standard status
    Active
    Size
    25,223 SF
    Lot size
    1.14 Acres
    Property subtype
    industrial

    Spaces For Lease

    at 2540 118th Ave N Contact us

    We can help!

    Listing Contact
    John Dunphy
    John Dunphy

    Listing agent John Dunphy License #525807

    Listing office Tampa

    Listing date Apr 15, 2026

    Source Property.jll

    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 Tampa

    HighLights

    • 25,223 SF total area, including 6,402 SF of office space and a 2,783 SF mezzanine.
    • 100% air‑conditioned facility.
    • Includes one dock‑high door and one ramp for versatile loading/unloading.
    • 1.14 acre lot with 44 parking spaces.
    • Concrete block construction.
    • Sprinklered for fire safety.

    Overview

    This property features a 25,223 square foot warehouse space, including 6,402 square feet of office area and an additional 2,783 square foot mezzanine. Constructed with concrete block, the entire space is air-conditioned and sprinklered. The property includes one dock-high door and one ramp for loading and unloading. It is situated on a 1.14-acre lot and provides 44 parking spaces.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • Gts Shipping/Receiving — St. Petersburg, FL 33716

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6683897
    Latitude
    27.8789314

    Nearby Similar for Lease

    • Sponsored
      $129-$8,786/Mo
      11-1,292 SF

      First Central Tower

      360 Central Ave, Unit 800, Saint Petersburg, FL 33701
      View Details
    • $45,600 SF/Yr
      2,700 SF

      Versatile Commercial Space in St. Petersburg

      Commercial space ideal for office, retail, service, or light commercial.
      4022 54TH Ave N, Lealman, FL 33714
      View Details
    • $37 SF/Yr
      2,080 SF

      Prime Restaurant Space Available

      2,080 SF restaurant space near downtown St. Petersburg.
      250 Dr Martin Luther King Jr St N, Saint Petersburg, FL 33705
      View Details
    • $15 SF/Yr
      1,378 SF

      Medical/Professional Office Space Available

      Office suites available in a high-visibility Pinellas County location.
      1212-1216 66th St N, Saint Petersburg, FL
      View Details
    • $20 SF/Yr
      7,104 SF

      St. Petersburg Office Space Available

      Office suites for rent on 66th Street North, St. Petersburg.
      1224 66th Street North, St. Petersburg, FL 33710,
      View Details
    • $24 SF/Yr
      34,076 SF

      Former Anchor Retail Space Available

      34,076 SF anchor space in St. Petersburg, Florida.
      2500 66th St N, Saint Petersburg, FL
      View Details
    • $22 SF/Yr
      2,111 SF

      Available Office Space Near Hospital

      2,111 SF office space near St. Petersburg General Hospital.
      5747 38th Ave N, Saint Petersburg, FL
      View Details
    • $52 SF/Yr
      1,600 SF

      Edge District Retail Space Available

      Retail/flex space in high-traffic area with luxury apartments nearby.
      915 Central Ave, Saint Petersburg, FL
      View Details
    • $35 SF/Yr
      2,000 SF

      Adaptable Office Space Available

      Flexible office space with ample parking and high visibility.
      2958 1st. Ave. N., Saint Petersburg, FL
      View Details
    • $28 SF/Yr
      1,000 SF

      Retail Space in Saint Petersburg

      Retail space available in a busy Saint Petersburg shopping center.
      10410-10496 Roosevelt Blvd N, Saint Petersburg, FL
      View Details
    • Contact for pricing
      1,550 SF

      Renovated Retail Space Available

      Completely renovated retail space with high visibility and community connections.
      922 Dr Martin Luther King Jr St S, Saint Petersburg, FL 33701
      View Details
    • Contact for pricing
      1,700 SF

      Suburban Office Building Near Hospital

      Six-story office building suitable for professional or medical use.
      2600 Dr Martin Luther King Jr St N, Saint Petersburg, FL
      View Details

    FAQs

    What type of property is this?
    Warehouse - 25,223 SF warehouse with office and mezzanine space.
    Where is this warehouse located?
    The property is located at 2540 118th Ave N Saint Petersburg, FL.
    What are key features of this property?
    This property features: 25,223 SF total area, including **6,402 SF of office space** and a **2,783 SF mezzanine**.; 100% air‑conditioned facility.; Includes **one dock‑high door** and one ramp for versatile loading/unloading.
    (813) 387-1312
    We can help!
    Listing Contact
    John Dunphy
    John Dunphy
    Real Estate License ID: 525807
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2540 118th Ave N, Saint Petersburg, FL 33716
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!