Flex Industrial Park For
For Sale
Contact for pricing
2810-2860 Scherer Dr N, Saint Petersburg, FL 33716
Modern, flexible flex industrial park with customizable spaces.
Property Size136,777 SF
Days on Market155
Property Features for 2810-2860 Scherer Dr N
General Information
Standard status
Active
Size
136,777 SF
Property subtype
Industrial
Lease Term
NNN
Building Details
Building Size
136,777 SF
Year Built
1985
Properties For Sale
at 2810-2860 Scherer Dr N Contact us2840 N Scherer Dr - Suite 425
Size
2,688 SF
Type
Flex Space
Term
60 months
2850 N Scherer Dr - Suite 500-520
Size
14,992 SF
Type
Flex Space
Term
60 months
2850 N Scherer Dr - Suite 550
Size
6,314 SF
Type
Flex Space
Term
60 months
2880 N Scherer Dr - Suite 820
Size
6,488 SF
Type
Flex Space
Term
60 months
2880 N Scherer Dr - Suite 850
Size
4,149 SF
Type
Flex Space
Term
60 months
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Listing Agency:
NAI Burns Scalo
Listed By:
Kelli Hatton · License #BK3456905
(813) 454-1619
Source:
Naiglobal
Added: May 14
Changed: Oct 3
Last Checked: Oct 14 at 8:06PM
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 NAI Burns Scalo
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex industrial park offers modern and flexible spaces. The property features customizable floor plans, landscaping, and parking, creating a professional setting. The grounds are meticulously maintained, and professional management services are provided. The property is intended for commercial use and is designed to elevate the work experience and business operations.
Key Highlights
- Flexible and customizable floor plans to suit various business needs.
- Modern spaces designed to elevate the work experience.
- Ample parking available for employees and visitors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,003,105
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,062,100
$20.1M
Cap Rate 7%
$14,330,071
$14.3M
Cap Rate 9%
$11,145,611
$11.1M
Market Conditions
NOI Build-Up for 136,777 SF
Gross rent
$1.51M $11.04/SF
− Vacancy
−$77.0K −$0.56/SF
EGI
$1.43M $10.48/SF
− OpEx
−$429.9K −$3.14/SF
NOI
$1.00M $7.33/SF
Area
Pinellas County, FL
Vacancy
5.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,062,100
Cap Rate 7%
$14,330,071
Cap Rate 9%
$11,145,611
Alternative Uses
Best Use
Flex RnD
$17.68M
$15.47M – $20.62M
NOI $1,237,441 @ 7.0% cap · market cap 10,760,356.52%
Second Best
Industrial
$14.33M
$12.54M – $16.72M
NOI $1,003,105 @ 7.0% cap · market cap 8,722,652.17%
Theoretical Best
Office A
$35.58M
$31.13M – $41.51M
NOI $2,490,374 @ 7.0% cap · market cap 21,655,426.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,172
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33716, FL
18,023
Population
11,596
Households
1.6
Avg Household Size
35
Median Age
46%
College-Educated
95%
High-School Grad
7.2 sq mi
ZIP Area
2,503
Density / Sq Mi
$73,576
Median Household Income
$45,896
Median Earnings
$1,732
Median Rent
$163,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Red Roc Cravings — 180 Fountain Pkwy N Suite 100, St. Petersburg, FL 33716
Frequently Asked Questions
What type of property is this?
Flex space - Modern, flexible flex industrial park with customizable spaces.
Where is this flex space located?
The property is located at 2810-2860 Scherer Dr N Saint Petersburg, FL.
What are key features of this property?
This property features: Flexible and customizable floor plans to suit various business needs.; Modern spaces designed to elevate the work experience.; Ample parking available for employees and visitors.
