Industrial Building Near US Hwy
For Sale
Contact for pricing
3201 44th Ave N, St Petersburg, FL
Industrial building with loading docks, near major highways.
Property Size8,848 SF
Lot Size0.73 Acres
Price / SF$231.69
Days on Market1194
Property Features for 3201 44th Ave N
General Information
Standard status
Active
Size
8,848 SF
Lot size
0.73 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Klein & Heuchan, Inc.
(727) 441-1951
Listed By:
Lawrence D Gilbert
(727) 580-8446
Source:
Moodyscre
Added: Jun 14, 2023
Changed: Sep 3
Last Checked: Sep 18 at 8:39AM
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 Klein & Heuchan, Inc.
Investment Insights
Based on property information with market context.
This industrial building, located in Mid-Pinellas County, offers a total area of 8,848 square feet. It features three loading docks. The property is situated adjacent to US Hwy 19 and is located minutes from Interstate 275, 75, and I-4.
Key Highlights
- Three loading docks for efficient operations.
- Prime location in Mid‑Pinellas County.
- Adjacent to US Hwy 19 for easy access.
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
$74,513
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
3.63%
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%
$1,490,260
$1.5M
Cap Rate 7%
$1,064,471
$1.1M
Cap Rate 9%
$827,922
$827.9K
Market Conditions
NOI Build-Up for 8,848 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
$92.4K $10.44/SF
− Vacancy
−$4.7K −$0.53/SF
EGI
$87.7K $9.91/SF
− OpEx
−$13.1K −$1.49/SF
NOI
$74.5K $8.42/SF
Area
Pinellas County, FL
Vacancy
5.10%
Lease Rate
$10.44 /SF/Yr
Expense Ratio
15.00%
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%
$1,490,260
Cap Rate 7%
$1,064,471
Cap Rate 9%
$827,922
Alternative Uses
Best Use
Warehouse
$1.06M
$931.4K – $1.24M
NOI $74,513 @ 7.0% cap · market cap 3.63%
Second Best
Industrial
$927.0K
$811.1K – $1.08M
NOI $64,890 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$2.30M
$2.01M – $2.69M
NOI $161,100 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building with loading docks, near major highways.
Where is this warehouse located?
The property is located at 3201 44th Ave N St Petersburg, FL.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Three loading docks for efficient operations.; Prime location in Mid‑Pinellas County.; Adjacent to US Hwy 19 for easy access.
